BMI have revised its 2013 forecasts for Greece΄s solar capacity and generation, and now expect solar generation to grow by 75.4% (up from a previous forecast of 16.7%).
This is due to higher-than-expected levels in installed capacity for solar, as well as expectations for the introduction of a new framework to reduce red tape for solar projects in April 2013.
BMI believes that the Greek government will revise down feed-in tariffs again in 2013 in order to contain its fiscal deficit and expect the effects of these revisions to be most pronounced in the long term. BMI reports that they have substantially revised up our 2013 forecasts for non-hydropower renewables generation and capacity in Greece.
In particular, BMI has revamped its projections for solar capacity and generation based on figures released by LAGIE, Greece΄s power grid operator. And believes the government will revise down FiTs again in 2013.