Effective financing for provision of renewable electricity and water supply on islands

The current paper deals with two major problems faced by small islands and isolated areas in Greece. The first is power supply and the second is water supply. The scope of the present paper is to investigate the potential of implementing JESSICA (Joint European Support for Sustainable Investment in City Areas) as a complementary financing instrument for provision of Renewable Energy Sources (RES) electricity and water supply on islands with urban and rural areas. The above analysis is presented through a real case on the Greek island Ios. Considering the intense tourism activity during summer, as well as the isolation characteristics of a big number of Mediterranean Islands, the present solution contributes significantly to the improvement of quality of life. In essence the investment contributes significantly to the overall development of the area fulfilling the three aspects of sustainable development (environmental, economic, and social). (C) 2011 International Energy Initiative. Published by Elsevier Inc. All rights reserved.