(ADPnews) - Nov 29, 2010 - German photovoltaic (PV) equipment maker Schott Solar AG has established a sales office in Thessaloniki, Greece, in line with its Southern Europe-oriented expansion initiative.
The company announced last Thursday that the new office will help Schott maintain closer ties to new customers and partners.
Martin Heming, the CEO of Schott Solar anticipates that the country's solar power installations will grow up to 200 MW in 2011 from 120 MW installed this year.
The Mainz-based company has been active in Green since 2004, when it had joined forces with local partners to roll out a rooftop PV project on the Athens International airport.
"At the beginning of 2011, we will commence work on a project with an output capacity of 2 MW. Our medium-term objective is to attain a market share of between 5% and 10% in Greece," Heming added.
The Greek PV market is anticipated to get stronger on the base of new feed-in tariffs (FiT), which currently range from EUR 0.40 to EUR 0.50 per kilowatt-hour (kWh) for 20 years.