It is a wet day in Athens with fixed bleeding. Nevertheless, Germany’s RWE and Greece’s PPC electrical utilities have taken their first step in direction of creating a 2 GW photovoltaic pipeline geared toward tapping Greece’s wealthy photo voltaic sources.
The 2 firms introduced the development of 5 photo voltaic farms totaling 210 MW within the Western Macedonia area, northern Greece, inside the boundaries of the previous Amynteo open-pit lignite mine. Building work is scheduled to start within the spring and all 5 initiatives must be absolutely operational by the top of the primary quarter of subsequent 12 months.
RWE and the Greek state-owned PPC will proceed their photovoltaic enterprise technique in Greece via a brand new firm, Meton Vitality SA, which they’ve established for this objective. Meton has already signed bilateral energy buy agreements (PPAs) with third events relating to the acquisition of solar energy generated by the vegetation. The length of those PPAs ranges from 10 to fifteen years, mentioned an official press launch.
Via their three way partnership, RWE and PPC are working in direction of a 2 GW photovoltaic pipeline in Greece. PPC has contributed 9 photo voltaic initiatives with a mixed complete of as much as 940 MWp to the three way partnership and RWE has contributed a Greek photovoltaic mission pipeline of comparable dimension, the press launch mentioned.
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