Greece Eyes Jobs, Growth Impulse From Solar Energy Export

Greek Prime Minister Lucas Papademos vowed to accelerate a 20-billion euro ($27 billion) solar-power project that would help the European Union’s most-indebted nation spur growth and export clean energy.

Investment in renewable energy is a “national priority” for Greece, which agreed to deep spending cuts to fend off a possible financial collapse, Papademos told a conference in Athens today. The Helios project, named after the ancient god of the sun, would install as many as 10 gigawatts of solar panels by 2050, increasing use of Greece’s natural energy.