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Penetration of Photovoltaics in Greece

Department of Chemical Engineering, National Technical University of Athens, 15780 Athens, Greece
Department of Law, National and Kapodistrian University of Athens, 10672 Athens, Greece
Author to whom correspondence should be addressed.
Academic Editor: Tapas Mallick
Energies 2015, 8(7), 6497-6508;
Received: 30 March 2015 / Revised: 28 May 2015 / Accepted: 16 June 2015 / Published: 26 June 2015
Recently, an interesting experiment was completed in Greece concerning photovoltaic penetration into the electricity production sector. Based on the relevant laws and in accordance to the related European directives, an explosive penetration process was completed in less than three years, resulting in a 7% share of photovoltaics in electricity production instead of the previous negligible share. The legislation was based on licensing simplification and generous feed-in-tariffs. This approach transformed photovoltaic technology from a prohibitively expensive to a competitive one. This work aims to summarize the relevant legislation and illustrate its effect on the resulting penetration. A sigmoid-shape penetration was observed which was explained by a pulse-type driving force. The return on investment indicator was proposed as an appropriate driving force, which incorporates feed-in-tariffs and turnkey-cost. Furthermore, the resulting surcharge on the electricity price due to photovoltaic penetration was also analyzed. View Full-Text
Keywords: feed in tariff; return on investment; turnkey cost; renewable energy sources feed in tariff; return on investment; turnkey cost; renewable energy sources
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MDPI and ACS Style

Giannini, E.; Moropoulou, A.; Maroulis, Z.; Siouti, G. Penetration of Photovoltaics in Greece. Energies 2015, 8, 6497-6508.

AMA Style

Giannini E, Moropoulou A, Maroulis Z, Siouti G. Penetration of Photovoltaics in Greece. Energies. 2015; 8(7):6497-6508.

Chicago/Turabian Style

Giannini, Eugenia, Antonia Moropoulou, Zacharias Maroulis, and Glykeria Siouti. 2015. "Penetration of Photovoltaics in Greece" Energies 8, no. 7: 6497-6508.

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