Will Greece Look to the Sun God?

Greenpeace activists spread a banner pointing at a Greek oil-fired power plant under construction in Rhodes, to reveal one of the most unacknowledged causes of the Greek crisis; the country’’s dependence on imported fossil fuels.

Yes, the Greek people are going through difficult times. There are scenes of pensioners queuing at cash machines to withdraw part of their monthly pensions. And there is also a significant need for reform. Even the International Monetary Fund is going back on its word, prompting the country to look at what best it can do. The space of energy would be a good place to start with, given that the country has under-utilized its natural and most abundant asset.

The new ‘Solarize Greece’ campaign by Greenpeace Greece aims to bring together all those who dream of a brighter and more sustainable future, not only for Greece but for all European countries. Its objectives are to help Greece kickstart solar power as a driver of the economy, to rid the country of the burden of fossil fuels that are holding it down economically and for Greece to fight its way back out of the crisis.

Driven by the rapid fall in the costs of solar power, new legislation allows Greek citizens to generate cheap solar power for their own consumption, rather than selling it to the power grid. It means that, despite all of its economic hardships, Greece can seize on the enormous comparative advantage it has in solar power relative to northern European states. The tremendous untapped solar potential is a way to combat energy poverty and to cheaply kickstart economic growth.

Hundreds of thousands of households and small and medium enterprises could generate their own power at a fraction of the cost that they buy it from the grid. Tens of thousands of new jobs can be created.

With the costs of solar energy and storage expected to fall even further in the near future there is the potential for Greece to save billions of Euros on its fuel import bill – money that would stay within the country and be redirected to where it matters most: sustainable investments, social welfare policies, saving pensions, and stimulating prosperity.

Read more on what solar power can do for Greece here.

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