Please Wait.....
Report
Greece Solar Energy - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 95 Pages I Mordor Intelligence
The Greece Solar Energy Market size in terms of installed base is expected to grow from 6.77 gigawatt in 2025 to 11.50 gigawatt by 2030, at a CAGR of 11.17% during the forecast period (2025-2030).
Key Highlights
- Over the medium term, the market is likely to be driven by factors like growing demand for solar photovoltaic installations, growing investments in ongoing and upcoming solar energy projects, and the government's efforts to reduce the use of fossil fuels to make electricity.
- On the other hand, increasing wind energy installations to provide renewable electricity in the country is expected to restrain the Greece solar energy market.
- Nevertheless, as per the European Union's National Energy and Climate Plan (NECP), by 2030, Greece's electricity mix will likely surpass 61% renewable sources. This factor will create several opportunities for the Greece solar energy market.
Greece Solar Energy Market Trends
Ground-mounted Segment to Witness Significant Growth
- A ground-mounted solar power plant's process involves collecting solar radiation, converting it into an electric charge, and then sending that charge across conductive cables to an inverter. With these panels, the ground-mounted solar system can generate more electricity due to its increased exposure to both direct and reflected sunlight. It provides the highest efficiency, typically up to 22%. Even when they're provided with the same amount of sunlight, a ground-mounted solar system produces more electricity than a rooftop system. Hence, ground-mounted solar panels provide one of the best ways to produce solar energy on a big scale.
- Greece is a southern European country with abundant solar radiation compared to northern European countries. As a result, the investment yield is higher. The land cost in Greece is lower than its Northern European counterparts for ground-mounted projects. As a result, the ground-mounted solar development segment is expected to attract significant investments in the coming years.
- In August 2023, RWE Renewables and PPC Renewables decided to develop further investments in three photovoltaic projects, comprising ground-mounted and rooftop solar projects, with a total capacity of approximately 280 MWp, referred to as Amynteo Cluster II. The development will begin in the coming months, and all three Amynteo Cluster II projects are scheduled to be fully operational by the end of 2024. All these developments are likely to accelerate the growth of the Ground-mounted Segment in the country.
- In March 2023, the Greek government organization for the Environment and Energy announced a new EUR 200 million ( USD 215.3 million) subsidy scheme for solar power projects, including ground-mounted solar projects and small-scale energy storage devices for residential and commercial use. All these investments are likely to accelerate the growth of the Ground-mounted Segment in the country.
- Moreover, Greece's new national energy plan specifies the development of 7.7 GW of solar PV capacity by 2030. The plan specifies that the installed PV capacity in the country should rise from 3.9 GW in 2022 to 10.9 GW between 2025 to 2027 and 13.4 GW in 2030. The increased demand is expected to create opportunities for new investors and attract new investments for ground-mounted solar projects.
- According to International Renewable Energy Agency (IRENA), solar PV installed capacity has reached 5.56 GW in 2022, which is higher than 109.5% of total solar PV installed capacity in 2018. The reason behind this is that Ground-mounted solar energy projects have witnessed a significant rise in the past few years.
- Due to the above reasons, it seems likely that the ground-mounted segment will grow a lot during the forecast period.
Increasing Demand for Wind Energy Restraining the Market Growth
- Wind and other renewable energy sources dominate Greece's renewable energy mix. However, this scenario has begun changing fast with the growth of wind energy.
- As of 2023, Greece plans to have 7 GW of wind power by 2030, according to its National Energy and Climate Plan. More than 4.9 GW of onshore wind energy were in place in Greece as of 2022, providing a sizable amount of the country's electricity needs. Greece has far more wind energy potential, particularly offshore wind. Offshore wind resources are promising for assisting islands in achieving energy independence. Hence, all these strategies are likely to restrain the growth of the solar energy market.
- In addition to the Hellenic Wind Energy Association (HWEA), 68 new wind turbines worth EUR 230 million were installed in 2022. Moreover, Kamaridis GlobalWire has been approved for five additional wind projects totaling 120.3 MW and valued at USD 130 million. These projects are expected to take place in Xanthi and Rodopi, Greece. All these projects are likely to restrain the growth of the solar energy market during the forecast period.
- In October 2023, Greece's Ministry of Environment and Energy initiated an Offshore Wind Development Plan with a target of 4.9 gigawatts by 2032. With a minimum capacity estimated at 12.4 GW, the draft plan consists of 25 areas totaling 2,712 square kilometers. All these developments are likely to restrain the growth of the solar energy market in the country during the forecast period.
- According to International Renewable Energy Agency (IRENA), wind energy installed capacity has reached 4.88 GW in 2022, which is higher than 69.6% of total wind energy installed capacity in 2018. The reason behind this is that offshore and onshore wind energy projects have witnessed a significant rise in the past few years.
- The wind energy sector in the country has been growing faster than the solar energy sector during the last decade. It is expected to keep leading in terms of growth over the next few years, thanks to good policies from the government. This is expected to hinder the growth of Greece's solar energy market.
Greece Solar Energy Industry Overview
The Greece solar energy market is semi-consolidated. Some of the major players (in no particular order) include JinkoSolar Holding Co. Ltd., Juwi Holding AG, Meeco AG, MECASOLAR, and Hellenic Petroleum Renewable Energy Sources SA.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Solar Energy Installed Capacity and Forecast, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Demand for Solar Photovoltaic Installations
4.5.1.2 Growing Investments
4.5.2 Restraints
4.5.2.1 Increasing Wind Energy Installations
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION - BY DEVELOPMENT
5.1 Ground-mounted
5.2 Rooftop Solar
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 JinkoSolar Holding Co. Ltd.
6.3.2 Juwi Holding AG
6.3.3 meeco AG
6.3.4 ASTRASUN Solar Kft.
6.3.5 Hellenic Petroleum Renewable Energy Sources SA
6.3.6 MECASOLAR
6.3.7 Zhejiang Supcon Solar Technology Co. Ltd.
6.3.8 National Energy Holdings Ltd.
6.4 Market Ranking/Share (%) Analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Ambitious Renewable Energy Targets
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security