Some 2,000 roof-mounted solar panels representing a capacity of 12 MW have been installed through the government’s subsidy support program, dubbed PV Stegi, and are operating, while a further 8,700 such systems, totaling 60 MW, are expected to follow in the coming months, once their investors have signed agreements with RES market operator DAPEEP, energypress sources have informed.

It is estimated that these projects will absorb roughly 50 percent of the subsidy support program’s budget of 230 million euros.

Though these figures do highlight the market’s interest in the support program, they also illustrate that the program, launched nearly ten months ago, has moved along at a slower-than-expected pace.

Delays in the provision of subsidies to applicants are the main reason behind this slowness. progress. Interested parties are being forced to provide initial amounts of own capital for their roof-mounted solar panel installations and to then wait, for unspecified periods of time, to receive the subsidy support they are entitled to.

Self-production is flourishing in Greece and, according to latest projections made by SEF, the Hellenic Association of Photovoltaic Companies (HELAPCO), is set to surpass last year’s record-breaking performance of 250 MW, which resulted in a capacity increase for the sector of over 100 percent. More PV systems were installed last year, alone, than in all previous years, combined.

SEF has projected PV installations this year will reach approximately 300 MW, of which 60 MW will be developed through the PV Stegi subsidy support program.