Monday, January 24, 2011
Greece - World's largest solar farm
Greece has decided to construct a 200 MWh photovoltaic facility in western Macedonia, which happens to have the largest unemployment rate in Greece. Not only will this project save 300,000 tons of carbon emissions per year, but it will also ensure 200 permanent positions in the economy. It is interesting to note that this has happened after a fairly recent bailout, while the project itself will cost 600 million euros. This is a bold move for Greece, 600 million euros for 200 permanent jobs may seem like a lot, but this investment for the future will surely outweigh the cost. Hopefully this will signal more wealthy economies to invest in similar technology.
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4 comments:
I agree, so much money for only 200 jobs isn't a smart move right now when their economy is barely hanging on.
I agree this is not exactly a smart move to seal 200 permanent jobs. However, this might be good news for engineers and construction workers who would be hired to do this project until mid-2012. Greece does not have abundant amount of natural resources at all, so this would be highly beneficial for Greece in the long run. Plus they would cut down their imports from Middle East and other places that exports fossil fuel to Greece.
The project is very beneficial for the environment, however, i highly doubt Greece would have the funds to finish the project in 2012. Their economy is suffering and no sign of recovery is shown. If the government has the funds for this project, it would be smarter to use the money in other more crucial areas to stimulate the economy and create more job opportunities.
I agree with Hairong. The Greek economy is bleeding. Even though the project would be beneficial for the environment it wouldn't stimulate the economy or create jobs significantly which is what the country has to focus on at the moment. After things stabilize, this project would have an overall positive net benefit.
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