Solar*Tec AG: Market entry in Greece

Solar*Tec Hellas A. E. established

Munich,, (PresseBox) - Munich based solar corporation Solar*Tec AG expands its international network by establishing two affiliates in Greece.

Since Greece in 2006 introduced a Feed-In-Tariff comparable to the German Renewable Energies Act it has become highly attractive to PV-Companies, as the reimbursements rates range from 0.403 to 0.503 € per kWh. The Greek Government has approved PV installations with a total power of 1,889 MWp for the years 2007 to 2010.

Solar*Tec AG is actively entering the Greek market with two affiliates. „Solar*Tec Hellas A.E.“ will develop business in the fields of trading PV-Installations – and components. The second company „Solar*Tec Projekt Hellas A.E.“ develops and maintains PV-installations.

The establishment of both companies headquartered in Athens was completed in October, the commercial register is underway. Simultaneously Solar*Tec AG expands its distribution network and also starts the development of own projects in Greece.

www.solartecag.de

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