Greece Bets On Solar Power As A Debt Solution
Solar energy is being suggested as one partial solution to the debt problems besetting Greece. Under the plan, Greece will use future revenues from its "Helios" solar energy project to pay back as much as $21 billion in debt. European leaders, especially the Germans (who will buy the bulk of this energy), like the idea. However, Greece must attract investors to install some 10 gigawatts of solar panels by 2050 to make it all happen.