Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece names Guggenheim to advise on $26 bln solar project

The Greek government appointed Guggenheim Partners LLC to act as financial adviser on the 20 billion euro ($26 billion) Helios solar project its considering to help boost income from renewable energy.

Guggenheim Partners will work alongside National Bank of Greece SA on the financing, structuring and staged deployment of the Helios solar project, the New York-based financial services company said today in a statement sent by e-mail.

Named after the ancient god of the sun, Helios is a 20 billion-euro project that aims to produce and export as much as 10 gigawatts of solar power by 2020. Greece aims to use the projects revenues to reduce government debt by as much as 15 billion euros.

Helios will start with an initial target capacity of 2 gigawatts. As the grid develops, more partners will be brought in to develop the project, according to the statement.

Helios is more than an innovative energy solution, Todd Boehly, president of Guggenheim Partners, said in the statement. It represents a significant step in Greeces economic recovery that also helps accomplish many broader European goals. [Bloomberg]

ekathimerini.com , Monday March 5, 2012 (15:38)  
Bank concerns lead to fresh losses on bourse
Greece needs private debt overhaul, Piraeus Bank CEO says
Cheap energy pulls down eurozone producer prices in July
Greece sells 1.14 bln euros of 6-month T-bills, yield eases
Navys Prometheus brings doctors to remote Aegean islands
Naval support ship Prometheus will be touring the Dodecannese in the eastern Aegean from September 3-11 in order to provide residents of remote islands with primary healthcare, the Hellenic ...
Police seeks identity of woman injured in Thessaloniki hit-and-run
Police on Tuesday appealed to the public for help in identifying a woman who was hit by a motorcycle and left suffering serious injuries in Thessaloniki in August. The accident occurred on t...
Inside News
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the peoples favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Bank concerns lead to fresh losses on bourse
2. Navys Prometheus brings doctors to remote Aegean islands
3. Grateful Saviola thanks Olympiakos, joins Verona
4. Police seeks identity of woman injured in Thessaloniki hit-and-run
5. Armed robbers hold up post office in Thessaloniki
6. Greece needs private debt overhaul, Piraeus Bank CEO says
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. New committee formed to assess progress of deregulation in closed-shop professions
4. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
5. Moderating expectations
6. Trial over 2013 murder of pawn merchant starts in Athens
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.