Greece Urged to Sell ‘Virtual’ Solar Power to Help EU Meet Goals
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Greece, planning a 20 billion-euro ($26 billion) solar venture, would do well to sell the power “virtually” to help other European countries offset more-polluting generation, according to an adviser to the project.
Greece could strike energy-purchase deals whereby nations buy output from the Helios venture without actually taking delivery of the power, said Alex Papalexopoulos, chief executive officer of energy consultants Ecco International Inc. The transaction, essentially an investment in renewable energy abroad, can help buyers meet clean-power goals at home, he said.