Greece Renewables Q2 2018
BMI View: Non-hydro renewables will be the fastest growing sector in Greece's otherwise sluggish power industry. Nonetheless, the rate of expansion will remain unimpressive, averaging less than 2% per annum across our forecast period to 2027. Slow growth in energy consumption, unstable regulatory environment and a legacy of public debt remain key structural hurdles preventing faster development of the sector. That said, progressing energy sector reforms, financing from international donors as well as gradually recovering economic situation present an upside risk to our projections over the long-term.
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