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Greece

Renewables firms push forward in face of adversity

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Despites Greece’s current public debt crisis and financial woes, Greek companies continue to make head roads, especially in the solar photovoltaic sector. Positive Energy, a major EPC contractor in southeast Europe, has completed the construction of a 2ΜWp photovoltaic park in the Prefecture of Lakonia, while Lion Energy has developed a battery which it describes could “allow for the large scale proliferation of renewable intermittent power technologies”.
Renewables firms push forward in face of adversity

Positive Energy, which describes itself as one of the largest EPC Contractors in southeast Europe, has completed the construction of a 2ΜWp photovoltaic park in the Prefecture of Lakonia.

The operation of the plant, commissioned by the company Solar Gate, will have substantial environmental benefits including the reduction of carbon dioxide emissions by 2,600 tonnes per year. This is the same amount of carbon dioxide that would be removed from the atmosphere each year by a forest of 130,000 trees via photosynthesis. Positive Energy was the main EPC contractor, being responsible for project design, equipment supply and construction of the project.

“We are very pleased to announce today the completion of this important project. The Greek PV market is rapidly growing with more than 150 GWp installed in 2010 and 80 MWp installed within the first quarter of 2011 which can lead to annual market of 300-350 MWp. Greece has set ambitious PV targets for 2020 and we are more than happy that our large project portfolio is a valuable contribution to the market’s continuous development,” commented Konstantinos Mavros, CEO of the company.

Meanwhile, speaking on behalf of Solar Gate, CEO Stelios Georgioudakis stated: “We are very happy to announce today the completion of our project not only for its investment profits but also for its significant social and environmental benefits. We saw—and still see—great potentials for the Greek PV sector in the coming years and given this opportunity I would like to encourage investors to proceed with their investments within the Country.”

Positive Energy has currently a project portfolio in Greece which exceeds 40MWp and is considered one of the largest EPC contractors in the country.

Advances in energy storage

Elsewhere in Greece, Lion Alternative Energy has developed a battery which it reports “has major performance and cost advantages over the existing batteries” and which could play an important role in distributed generation and allow the large scale proliferation of renewable intermittent power technologies.

Kostas Liapis, Lion Energy’s CEO, explains that this battery is an important milestone in the development of renewable energy because it offers significant cost savings with better performance than existing batteries. “Combined with renewable energy sources such as solar and wind turbines Lion energy's battery will provide a 24 hour energy release at an economic cost,” he says.

Lion Energy S.A. of Athens Greece has a portfolio of clean technologies ranging from electrochemical thermal energy conversion, desalination technologies, and hydrogen production and storage technologies. Lion energy will use the Pyron Solar generating systems to independently develop its own utility scale solar farms to produce electricity for sale in Greece.

Liapis also reveals that Lion Alternative Energy Plc is currently immersed in a process to privatekly place shares, and aims to be listed in London within two years. It is looking for investors.

For additional information:

Positive Energy

Lion Energy

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