"Helios dynamics" a potential future power source for the Greek islands

Abstract

The use of Alternative Renewable Energy Sources is becoming an increasing possibility to satisfy the energy demands of the future. Environmental concerns, economic benefits but most of all the potential exhaustion of the current sources of energy, such as fossil fuels, have alarmed the international community and gave incentives for the promotion of other energy forms. In this demanding environment, Photovoltaics stand as a promising solution for the electrification of large portion of the population. Especially in the case of the off grid sites, such as the Greek islands, this solution promises to give an end to the reliance on the costly, and environmentally harmful use of oil, as the only means of energy production. The objectives of this Master of Business and Administration (MBA) project are to 1) Examine the country's current energy policies and legal environment as it relates to energy production and delivery to off grid islands 2) Provide a Cost Benefit Analysis of shifting to PV Energy and 3) Build a preliminary body of knowledge to facilitate future research involving the development of new PV technologies in remote locations. We estimate that this study will help the cause of broadening the use of Renewable Energy Sources (RES).