Renewable energy developments unblocked in Greece

14 Sep 2010
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Renewable energy developments unblocked in Greece

Renewable energy developments have been unlocked in Greece as the country aims to recover from the global recession which left it on the brink of bankruptcy.

According to Reuters, 2.1 billion euros (£1.7 billion) of renewable energy developments are to be unblocked by the country's government as part of plans to reduce the burning of fossil fuels in the nation.

Greece is aiming to increase its use of renewable energy by up to 40 per cent by 2020, compared to the four per cent it currently generates from solar and wind power.

The news provider pointed out that Greece is one of the sunniest and windiest countries in the world.

Greece's Regulatory Authority for Energy (RAE) said: "RAE is doing everything possible and has already opened the way for their [projects] licensing."

A study by the European Union states that much of the renewable energy generated in Greece comes from large-scale hydroelectricity projects, as opposed to offshore and onshore wind farms and solar power plants. 

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