Solar power in Greece
Development of solar power in Greece started in 2006 and installations of photovoltaic systems skyrocketed from 2009 because of the appealing feed-in tariffs introduced and the corresponding regulations for domestic applications of rooftop solar PV. As of 2019, 90% of the ca. 2.5 GWp capacity was installed in 2011, 2012 and 2013. However, funding the FITs created an unacceptable deficit of more than €500 million in the Greek "Operator of Electricity Market" RES fund. To reduce that deficit, new regulations were introduced in August 2012 including retrospective feed-in tariffs reduction, with further reductions  over time. These measures enabled the deficit to be erased by 2017. Auctions have replaced FITs and after stagnating since 2013, as of 2019 Greece is again installing hundreds of MWp per year. By April 2015, the total installed photovoltaic capacity in Greece had reached 2,442.6 MW from which 350.5 MW were installed on rooftops and the rest were ground mounted. Greece ranks 5th worldwide with regard to per capita installed PV capacity and PV covers 7% of the country's electricity demand in 2019.