Greece aims to lure EUR 45bn renewable investments by 2015
(ADPnews) - Oct 25, 2010 - Greece seeks to bring in EUR 45 billion (USD 63.2bn) in green energy investments by 2015 in a move to beef up its battered economy, Prime Minister George Papandreou said at the weekend.
"We are deregulating the energy market where public and private sector partnerships will play a crucial role," Papandreou said at the Mediterranean Green Development Investors Forum in Athens.
According to the PM, renewable energy investments in Greece are seen jumping to EUR 1.2 billion in 2011, from EUR 400 million last year.
"We will not become competitive through classic wage cut methods but through investment in a different development model that adds value to our products and services," the prime minister said.