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Project for 25 MW Photovoltaic Park The goal of Greek Sun Foundation is to build a photovoltaic park with the capacity of 25 MW in order to relieve 2,500 low income households in Greece of their electricity payments for the next 20 years.

Greek Sun Foundation Loukianou 4, Pirgos, Ilia 27100, Greece

About Greek Sun Foundation

A Message from the Founder

Greek Sun Foundation is a purely patriotic,

“My name is Aggelos Ladas. I have a dream to contribute to the solution of a major social

non-political and non-profit organization aiming to generate direct income for the financially weaker groups of Greece. We want to achieve this through the installation of photovoltaic parks, the revenue of which will be directed towards Greek households in need.

Our Initiative Our goal is to help the Greek families that have lost access to electricity as a result of the economic crisis. By building a 25 MW solar park, we can direct the generated income towards 2,500 households across Greece. For our initiative to materialize, we will need € 32 million in funding. The total benefit that this project will bring to Greek households is approximately € 52 million over the course of the next 20 years.

problem in Greece. We can achieve this by utilizing the sunlight of Greece in order to help the citizens who have been seriously affected by the financial crisis and currently face survival problems. The beneficiaries of the project will gain income through the production of electric current by a pure, sustainable source that neither causes sound pollution nor environmental pollution. I believe that innovation is the key to improving the world. When innovators work together on urgent problems and deliver solutions to people in need, the results can be magical.”

Aggelos Ladas Co-Founder and President, Greek Sun Foundation

The Social Problem The economic crisis in Greece has driven unemployment to 27.8% while young people under


25 face unemployment of 59.2% (October 2013).

Electricity activists restore power to Greek families cut off by the state

Throughout this crisis, the cost of electricity and

December 18th, 2013

many other expenses continue to rise.

“The situation is really tough for my wife and mainly my children. We try to complete our daily activities such as helping our children with their homework during the daylight,” said Giorgos Kouzilos, a father struggling to raise a family in darkness.

Currently, 1 out of 3 Greek families are struggling to pay their electricity bills - with 32% of Greek people stating that they are behind in their utility bills. Meanwhile, the Greek Public Power Corporation (DEI) states that 315,232 low-voltage accounts were disconnected in 2012; approximately 65% of these disconnected accounts belonged to households while the rest of them were mostly small shops. This issue is so prevalent that activist groups have begun to illegally reconnect homes to electricity. In fact, approximately 4,000 homes have already been reconnected by these groups of underground electricians, and the Hellenic Electricity Distribution Network Operator S.A. estimates that 1 out of 10 households will illegally reconnect their homes in the following year. This data demonstrates the desperate situation that many families are now facing as a result of the economic crisis.

Keratsini is a suburb in the southwest of Athens near the port of Piraeus and home to 91,000 people. According to the mayor, over the last three years, 10,000 homes have been disconnected. “It is very difficult. I cook with camping gas. We preserve all the products that need to be kept in the fridge by putting them on the balcony.” But for some families, help is at hand. A group of activists are secretly restoring power to families in need. The activists see electricity as a public wealth. Their aim is to not to leave a single family in the dark. These citizen groups are defying the law and restoring power illegally. The movement has already helped 4,000 households. Pantelis, a 55-year-old father of three is one of the luckier ones. “I would like to thank the activists because they have restored electricity in my house. Now I can raise my children. They can do their homework and take a bath” By stealth, these amateur electricians bring power to homes, risking possible arrest and prosecution. “We are a movement of political defiance. We restore electricity in 15 houses per day. We help people suffering from poverty,” said one. For the people of Keratsini, the renegade band of power activists are a lifeline.

Our Solution

The Photovoltaic Industry in Greece

Greek Sun Foundation aims to solve this

Despite economic setbacks, the Greek solar energy industry has been growing and is the

problem through the installation of a 25 MW

5th largest in Europe, representing 5% of the total market.

photovoltaic park from which the income will be directly distributed to low-income households.

European Photovoltaic Market Split in 2012 (MV; %)

This provides an environmentally and economically sustainable way to truly make in impact in the lives of Greek families. Solar Energy in Greece With one of the highest levels of solar irradiation in Europe, Greece is well positioned to generate income using solar energy. The photovoltaic power that a 1kW photovoltaic panel can generate on an annual basis is anywhere from 1089 kWh to 1441 kWh, depending on the region in Greece. In comparison, the country with the highest amount of power produced through photovoltaic energy, Germany, only receives enough sunlight to generate 802 kWh

EPIA, 2012

As all countries in the European Union, Greece has set Renewable Energy Targets for 2020. Greece hopes to install 3,000 MW of photovoltaic power by 2020, which will generate 7.3% of total electricity consumption in the country.

“In times of crisis, the development of renewable

to 1086 kWh per a 1kW photovoltaic panel. A

The economic crisis has slowed production due to added

photovoltaic park will allow the solar power to

bureaucracy involved in attaining licencing as well as the

energy goes hand in hand

be collected at an optimal angle and in large

decrease in Feed-in-Tariffs, therefore decreasing the

with the creation of

quantities. The creation of photovoltaic parks is

incentive to invest in this industry. Fortunately, new laws

an efficient and highly effective means of

sustainable jobs and

such as Law 3851/2010 simplify the process of investing in

directing income to the Greek families that are

renewable energies as well creating a one-stop shop for

most in need.

all the necessary licencing services.

economic prosperity.�

Anni Podimata, MEP

The Benefit to Greek families

Restoring electricity allows a family to refrigerate and prepare food, utilize hot water and

For the year 2014, the Feed-in-Tariff that is provided

keep warm in the winter. This additional income is not simply a one-time handout; it is a

for photovoltaic systems generating over 100 kW is

20-year guarantee for the fulfillment of the basic needs for 2,500 households.

0.09 €/kWh. When considering the additional costs involved in maintaining a solar park, a 25 MW solar park can generate anywhere from € 2,210,250 to € 3,002,250 of profit on an annual basis. Once this income is distributed among 2,500 households, the annual income for each beneficiary will be between € 884.10 and

PV Power at Optimal Angle: Minimum annual kWh generated by a 1kW panel:


Maximum annual kWh generated by a 1kW panel:


Minimum annual kWh generated by a 25 MW solar park:


Maximum annual kWh generated by a 25 MW solar park:


€ 1,200.90, depending on the

amount of sunlight. What is the significance of this income for a Greek household? The average annual electricity bill in Greece is €800 per year. Therefore this income will be able to cover

Income Generation of Solar Park: Feed-in-Tariff per kWh for a solar park:


Annual Maintenance cost of 25 MW solar park:


Minimum annual revenue generated by a 25 MW solar park:


Maximum annual revenue generated by a 25 MW solar park:


the cost of electricity as well as provide some additional income. With unemployment affecting nearly a third of the country and a 22% decrease in

Benefit to Greek Households:

minimum wage (from € 876.62 to € 683.76 per

Number of households receiving income:

month), this added income will make a real and

Minimum Annual household Income


Maximum Annual Household Income


long-term impact in the lives of Greek people.


Why Support our Initiative?

Environmental Advantages

Although the primary goal is to support Greek

The use of solar energy is a clean and renewable source with significant environmental

households in need, by supporting this initiative,

benefits. Solar panels have no harmful effects on the air, water, surrounding habitat and

your organization is also being supported.

noise levels. It is a great alternative to harmful energy sources such as coal, oil and

This issue has received a lot of attention around the globe, and many organizations as well as the Greek government have placed a lot of emphasis on finding a solution. By being a vital part of the solution; whether that is through funding or other

natural gas. In fact, it is estimated that all the Earth’s reserves of coal, oil and natural gas are equivalent to the energy that the sun provides for just 20 days. A 25 MW solar park would greatly contribute to reducing greenhouse gas emissions, leading to cleaner air and a more sustainable, liveable environment. It is one of the easiest ways to make a vast difference in living an energy-friendly life.

means of support, your organization will be celebrated for bringing innovation and philanthropy to people very much in need.

The solar energy that

Greek Sun Foundation will work with all

falls on a square meter

benefactors to ensure that they receive

each year is equivalent

customized sponsorship options that best suit the organization. Social Advantages By supporting Greek Sun Foundation, the social profile of your organization is increased in Greece and around the world. Instead of simply donating funds, this is an investment into the future of the Greek people. This type of support will be recognized not as a one-time handout, but as a 20year collaboration with an economically and environmentally healthy Greece.

to a barrel of oil.


Estimated Cost of 25 MW Photovoltaic Park Initial Investment Costs Materials (Panels, Bases and Inverters)




Other costs (Cables, AC/DC where necessary, Insurance)


Total Cost before Taxes


Tax (23%)


Total Cost

€ 31,980,000.00

Estimated Annual Income (20 Years) Annual Income

Minimum kWh

Maximum kWh

Year 0





Year 1





Year 2





Year 3





Year 4





Year 5





Year 6





Year 7





Year 8





Year 9





Year 10





Year 11




Minimum kWh

Maximum kWh

Annual Revenue



Year 12




Annual Maintenance Cost



Year 13




Annual Income

€ 2,210,250.00


Year 14




Year 15



20 Year Income

€ 44,205,000.00


Year 16



Year 17



Year 18



Year 19



Year 20



20 Year Cost-Benefit Analysis (Millions) 40 € 30 €

€ 28

solar park that will generate an annual income of € 2.2 to € 3.0 Million,


20 € € 12

10 €

with a total revenue of € 44.2 to € 60.0 Million over the next 20 years. By distributing this income to 2,500 households, each household will receive


a total of € 17,682 to € 24,018 over the next 20 years.

-10 € -20 € -30 € -€ 32 -40 €

At an initial cost of approximately € 32 Million, we will be able to build a

Minimum kWh

It is important to note that the value of the benefits is nearly double the cost of the project itself, demonstrating how this is a much more sustainable and long-term solution than a one-time donation.

Location A location has been selected on the western coat of the Peloponnese that can house a 25 MV solar park. This location offers one of the highest levels of solar irradiation in the country and is located 5 km from the capital of the Ilia region, Pirgos. This area will certainly provide sunlight that will approach the maximum solar irradiation available in Greece. This land is public property that is not currently in use; the Greek government has agreed to lend this land to Greek Sun Foundation for the 20 years necessary to fulfil the project. It will be provided free of charge as to support our initiative.

Implementation Plan


Once funding has been acquired, Greek Sun

The maximum time to acquire all necessary licensing is expected to be just over 8

Foundation must complete the following steps for a

months. This includes 2 months to acquire a Production Licence, 4 months to

successful implementation. The timeline below is

simultaneously obtain the Approval of Environmental Conditions (A.E.C.) and the Offer

represents the 14 months necessary to complete

for Connection to the System or the Grid, followed by 15 days to acquire the Installation

the project.

Licence and finally, the 20 days necessary to receive the Operation Licence. The licencing procedure for Renewable Energy Sources (RES) projects has

Funding Acquired

experienced significant simplifications to encourage investment in renewable energies.

Production Licence

In particular, Law 3851/2010 stipulates that “Licensing Procedures are simplified. The

license to produce electrical energy from R.E.S. and C.H.P. (Combined Heat & Power) is issued by the Regulatory Authority for Energy (R.A.E.) and not by the Ministry Selection of Manufacturer and Installer Manufacturing and Shipping

(former) of Development as hitherto, thus significantly reducing the duration of licencing Approval of Environmental of the licencing process.”, among other provisions that will help Greece meet its 2020 Conditions and Offer of Connection to the Grid energy targets. Installation Licence Operation Licence

Manufacturing The selection of the manufacturer will depend on the source of funding. If funding is provided through the solar industry by means of sponsorship from the manufacturer, then no selection process is necessary. Alternatively, if an external source provides funding, then a competition process will occur to select the manufacturer(s) that best fits

Select Beneficiaries

the project’s criteria.

Installation Installation As with the manufacturer, the selection process of the installer of the solar park will be

Post Implementation Review

dependent on whether or not a certain installer is sponsoring the project. If not, then a Develop Feedback Process competition within photovoltaic installation companies operating in Greece will for all Stakeholders determine the best option. The installation itself is expected to take approximately 6 months.

Selecting the Beneficiaries

our project. This information will allow Greek Sun Foundation as well as other

Information regarding the selection of beneficiaries

organizations to use this project as a baseline for future endeavors.

will be provided by the Regional Social Services from across all the regions of Greece. Although the location of the solar park will be in the Ilia region of Greece, the income will be directed to a variety of regions to ensure that those that are most in need are receiving the aid.

Greek Sun Foundation ensures that all benefactors will receive a detailed postimplementation report outlining the activities and challenges that occurred throughout the implementation process. Additionally, feedback will be encouraged from all stakeholders, and in particular, the beneficiaries will provide information about how to improve our processes.

The primary criterion is that the beneficiary must be a household that has had their electricity cut off due to their inability to pay bills. Beyond this, priority is given to families with school-age children as well as individuals that are unable to work due to health problems or a disability. The decision of which households will receive the income will ultimately be the decision of the Regional Social Services. Feedback and Post Implementation Greek Sun Foundation understands that despite the seemingly large size of this project, 2,500 households represent only a small fraction of Greek households that have lost access to electricity. For this reason, it is important to collect all pertinent information about the successes and challenges of

Our goal is to be as honest and transparent as possible so that we can demonstrate our dedication to the cause. We hope that this will allow Greek Sun Foundation to continue our efforts even beyond this project and inspire other organizations to take initiative and make the world a kinder place.

Greek Sun Foundation Loukianou 4, Pirgos, Ilia 27100, Greece

Greek Sun Foundation  

Greek Sun Foundation is non-profit organization that aims to build a 25 MW photovoltaic park of which all profits will be directed to low in...

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