Greece Second in World Solar Energy Production Potential

The latest report by the International Energy Agency ranks Greece second in theoretical photovoltaic penetration, which index reflects the world countries’ solar energy production potential at the end of 2022.
Spain tops the list at over 19%, Greece and Chile follow with 17.5% and 17% respectively, leaving the Netherlands and former champion Australia behind, with percentages that exceed 15% each, Greek Reporter wrote.
Greece has climbed up one position compared with the previous year’s index, when it scored 13.6% in solar energy penetration.
Since then, the country installed a further 1.4 GW capacity, the report observes, and is among the only nine countries that have photovoltaic penetration rates of over 10%.
The respective EU average is currently at 8.7%.
In total, photovoltaic contribution amounts to 6.2% of the electricity demand in the world.
IEA experts believe that green recovery plans and better regulations could propel the photovoltaic industry far beyond the current installation trends to meet the Paris Climate Agreement.
Now in its 11th edition, IEA’s annual photovoltaic penetration ranking is based on the theoretical electricity production from photovoltaics per country, calculated based on cumulative photovoltaic capacity at the end of 2022, close to optimum siting, orientation and yearly weather conditions.