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Greece: How will the Solar Thermal Industry survive the Financial Crisis?

Submitted by Baerbel Epp on October 7, 2011

 Elitherm production siteThe solar thermal industry in Greece has not been as much affected by the financial crisis as other sectors in the country. A good case in point is Elitherm, one of the pioneering collector manufacturers in Greece, whose core business was floor heating products, piping and plastic window frames. “We had to reduce our number of employees from 150 to just 30,” explains Emmanouel Kastanakis, the owner of the company. The remaining staff is now concentrating on the production and sales of solar water heaters and photovoltaic systems.
Photo: Elitherm

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