Greece could pay off its debts with solar power

Debt-riddled Greece could use its excellent climate to pay off some of its debts – by providing solar power to EU member states to which it owes money.

Debt-riddled Greece could use its excellent climate to pay off some of its debts – by providing solar power to EU member states to which it owes money.


A spokesperson for the EU's Energy Commissioner confirmed that talks were ongoing regarding the option of providing power to countries such as Germany as part of their debt repayment. Germany is thought to be the biggest potential client at the moment, especially as the country is looking to replace the power it is losing by closing down its nuclear power plants.

Currently, Greece has 50% more potential for solar power than Germany although Germany currently produces around 80% more solar energy than Greece.

Large scale projects of solar panels are popular in a number of countries in the EU, including England, but homeowners can also benefit from solar power. Solar panels for your home could be a good way of reducing your energy bills as well as helping you to reduce your carbon footprint.

Although the UK has less hours of sunlight than Greece, solar panels are still a very effective way of generating energy. Solar heating systems can provide your home with hot water and energy, as well as allowing you to make a modest income thanks to the government's Feed in Tariffs which allow you to sell any unused energy back to the Grid.

Most buildings, with the exception of listed buildings, don't require planning permissions for solar panels and there are a number of loans and government subsidiaries to help with the cost of installation, so you could get a renewable energy source for less than you may think.

For more info visit: www.solarinstall.co.uk

Media Contact Details

Name: New Energy Futures Ltd.,
Company Name: New Energy Futures Ltd.,
Telephone Number: N/A
Email: N/A


Featured Product

LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings

LG Solar Unveils NeON R with Enhanced Aesthetics and Energy Savings

The NeON R module features "Back Contact" cell technology delivering an entirely black panel that is aesthetically pleasing and energy efficient. The cell's seamless, surface blends perfectly into nearly all rooftop designs while the module's electrodes are positioned on the rear of the cell. Using LG's N-type cell structure, the panels produce 365W of energy, up to 7.3kWp, compared to 5.8kWp of the p-type cell. The module's new design minimizes LID, thereby delivering a longer lifespan and increased energy output.