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Global Wind Day – Invest in Greece

(GREEK NEWS AGENDA)  June 15th is Global Wind Day. Invest in Greece Agency gives a detailed presentation of Greece’s potential in wind power investments.  Wind, or aeolic, power is driving growth in the renewables sector. The superb wind resources in Greece are among the most attractive in Europe.  Capacity increased by an average of 30% annually between 1990 and 2003 and almost 30% of total capacity was installed in the period of 2003-2004.  In terms of advantages of investing in wind energy, Greece offers high feed-in tariffs locked for 20 years, incentives up to as much as 60% of total investment cost, cash grants, leasing subsidies, wage subsidies or tax benefits. The government has also committed to attracting €6 billion by 2020 for energy production, achieving a target for wind park development at 2,600 MW by 2010 and 6,000 by 2020.