Version 1
: Received: 17 September 2023 / Approved: 18 September 2023 / Online: 18 September 2023 (09:41:52 CEST)
How to cite:
Ntanos, S.; Arabatzis, G.; Drosos, D.; Sparangis, P.; Lekaj, E. Wind Energy Investment in Greece: Case study of an Aegean Island. Preprints2023, 2023091152. https://doi.org/10.20944/preprints202309.1152.v1
Ntanos, S.; Arabatzis, G.; Drosos, D.; Sparangis, P.; Lekaj, E. Wind Energy Investment in Greece: Case study of an Aegean Island. Preprints 2023, 2023091152. https://doi.org/10.20944/preprints202309.1152.v1
Ntanos, S.; Arabatzis, G.; Drosos, D.; Sparangis, P.; Lekaj, E. Wind Energy Investment in Greece: Case study of an Aegean Island. Preprints2023, 2023091152. https://doi.org/10.20944/preprints202309.1152.v1
APA Style
Ntanos, S., Arabatzis, G., Drosos, D., Sparangis, P., & Lekaj, E. (2023). Wind Energy Investment in Greece: Case study of an Aegean Island. Preprints. https://doi.org/10.20944/preprints202309.1152.v1
Chicago/Turabian Style
Ntanos, S., Polyzois Sparangis and Evangelia Lekaj. 2023 "Wind Energy Investment in Greece: Case study of an Aegean Island" Preprints. https://doi.org/10.20944/preprints202309.1152.v1
Abstract
Considering that traditional energy sources such as fossil fuel are about to deplete during the following decades, governments try to turn to renewable energy. It is commonly known that Greece has a natural advantage of abundant solar energy and wind power due to its geographical location and characteristics.The main focus of this study is to examine how wind energy potential across the Aegean Sea and continental Greece can provide a promising field for investments in Greece, considering the economic crisis, current trends and future perspectives.We firstly focus on current legislation framework considering that laws associated with such types of investment in Greece are very complex and rapidly changing. Furthermore, a case study for a hypothetical investment plan concerning a wind park located in an Aegean island will be presented. RetScreen which is a software made by the Canadian government, will be used as a decision support tool for analyzing the potential investment scenario and a financial report will follow with estimation of the overall cost, depreciation, upcoming benefits, and payback period of the investment.Data analysis concludes that wind parks still prove to be an economically viable investment, although incentives considering the guaranteed price per kwh and faster investment times must be provided by the government.
Environmental and Earth Sciences, Environmental Science
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
