Greek Sun

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Greek Sun

Pirgos,loukianou 4,27100, GreecePirgos,loukianou 4,27100, Greece
Year Founded:
2012
Project Stage:
Idea
Budget: 
$1 million - $5 million
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

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.

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

What If Electricity didn't exist?
About Project

Problem: What problem is this project trying to address?

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.

Solution: What is the proposed solution? Please be specific!

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.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

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: What is the impact of the work to date? Also describe the projected future impact for the coming years.

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.

Spread Strategies: Moving forward, what are the main strategies for scaling impact?

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.
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

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

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

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

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

Aggelos Ladas President Bianca Micichronis Vice President
About You
About You
First Name

aggelos

Last Name

ladas

About Your Project
Organization Name
How long has your organization been operating?

Project
Organization Country

, Pirgos,loukianou 4,27100

Country where this project is creating social impact

, Pirgos,loukianou 4,27100

What awards or honors has the project received?
Funding: How is your project financial supported?

Foundations, Regional government, National government.

Supplemental
Partnerships: Tell us about your partnerships.

- AIESEC
- SEIA ASSOCIATION