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SCHOTT Solar expands in Greece

SCHOTT Solar AG is opening a new sales office in Thessaloniki, Greece, as the company continues its expansion initiative in Southern Europe.

"The Greek photovoltaic market is developing rapidly: Capacities of around 120 MW output were installed this year alone. We are expecting that figure to be in the region of 180 to 200 MW next year," says Dr. Martin Heming, CEO of SCHOTT Solar AG.

"SCHOTT Solar has been operating in Greece for many years. We joined forces with local partners back in 2004 to install solar panels on the roof of the airport operator at Athens International. That year we also created the then largest roof-top solar array in Greece, on the German School of Athens (DSA). At the beginning of 2011, we will commence work on a project with an output capacity of two MW. Our medium-term objective is to attain a market share of between 5% and 10% in Greece."

SCHOTT Solar has just opened a new sales office in Thessaloniki to maintain closer ties to new customers and partners.

In Greece, global irradiance levels are between 1400 and 1700 kWh per square metre, creating perfect climatic conditions for solar PV.

Additionally, new policies on feed-in fees for solar power are strengthening the Greek solar PV market.

New policies include guaranteed feed-in fees of €0.40-0.50/kWh for 20 years as well as an end to the annual cap of 0.8 GW on new installations.

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Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity