Greek Sun

Greek Sun

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Last Update: May 19, 2014

Greek Sun Foundation is a non-political and non-profit organization aiming to generate direct income for the financially weaker groups of Greece. We want to achieve this through the installation of photovoltaic parks, the revenue of which will be directed towards Greek households in need.

Founded: 2012

The Problem

1 out of 3 Greek families are struggling to pay their electricity bills - with 32% of Greek people stating that they are behind in their utility bills. Meanwhile, the Greek Public Power Corporation (DEI) states that 315,232 low-voltage accounts were disconnected in 2012; approximately 65% of these disconnected accounts belonged to households while the rest of them were mostly small shops.

The Solution

Our goal is to help the Greek families that have lost access to electricity as a result of the economic crisis. Greek Sun Foundation aims to solve this problem through the installation of a photovoltaic park from which the income will be directly distributed to low-income households. This provides an environmentally and economically sustainable way to truly make in impact in the lives of Greek families. With enough support and funds raised, Greek Sun Foundation aims to help households across Greece gain access to a sustainable energy source and generate an income for the next 20 years.

Example

Μy name is Aggelos Ladas I have a dream to contribute to the solution of a major social problem.We should utilize the sunlight of Greece in order to help the citizens who have been seriously affected by the financial crisis and currently face survival problems.The beneficiary of the project becomes producer of electric current by a pure, sustainable source that neither causes sound-pollution nor environmental pollution.A recurring theme has been that innovation is the key to improving the world. When innovators work on urgent problems and deliver solutions to people in need, the results can be magical.

Impact

Greek Sun Foundation aims to build a 25 MW photovoltaic park that will help 2,500 households across Greece gain access to a sustainable energy source and generate an income for the next 20 years. The 25 MW photovoltaic park will generate approximately € 52 Million over the 20 years of the project. When divided among the 2,500 households, each household will receive approximately € 1040 annually. This amount will cover the average cost of electricity as well as providing some additional income for nutrition. Restoring electricity allows a family to refrigerate and prepare food, utilize hot water and keep warm in the winter. This additional income is not simply a one-time handout; it is a 20-year guarantee for the fulfillment of the basic needs for 2,500 households.

Full Impact Potential

With one of the highest levels of solar irradiation in Europe, Greece is well positioned to generate income using solar energy. The photovoltaic power that a 1kW photovoltaic panel can generate on an annual basis is anywhere from 1089 kWh to 1441 kWh, depending on the region in Greece. For the year 2014, the Feed-in-Tariff that is provided for photovoltaic systems generating over 100 kW is 0.09 €/kWh. At this price, a 25 MW solar park can generate anywhere from € 884.10 to € 1,200.90 of annual income for 2,500 households.

Budget: More than $1 million

Financial Sources

Foundations, Regional government, National government

Sustainability Plan

SEE MY BUSINESS PLAN: http://www.greeksunfoundation.com/Greek%20Sun%20Foundation%20Business%20Plan.pdf

Marketplace

SEE MY BUSINESS PLAN: http://www.greeksunfoundation.com/Greek%20Sun%20Foundation%20Business%20Plan.pdf

Founding Story

Our goal is to help the Greek families that have lost access to electricity as a result of the economic crisis.Greek Sun Foundation aims to bring together supporters of the Greek people so that this initiative makes a significant impact in improving the current situation. With enough support and funds raised, Greek Sun Foundation aims to build a 25 MW photovoltaic park that will help 2,500 households across Greece gain access to a sustainable energy source and generate an income for the next 20 years.

Team Explanation

Aggelos Ladas President Bianca Micichronis Vice President

Team Members

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