German developer wpd take advantage of Greek renewables market with 345MW solar pipeline

• German renewables developer wpd has introduced a 345MW solar development pipe to use the growing Greek renewables market.

wpd Solar Hellas and wpd Hellas Onshore, both subsidiaries of the German company, have actually been produced to create "an independent" solar project portfolio in the country. The previous is presently in collaboration with neighborhood renewables group Zephiros EPE, creating three solar PV projects with a total ability of 345MW. The parent company currently has a functional portfolio of wind power with 5,150 MW capacity, however is likewise planning to create 1,650 MWp of solar energy over the coming years.

wpd said in a declaration that the business additionally plans to take part in the country's renewables tenders this year, developing and operating its very own power systems. Furthermore, it wants to capitalise on its experience in offshore and also onshore wind to "increase its portfolio" in the nation.

Constantinos Faitatzoglou, head of project development at wpd Solar Hellas, claimed the company is "open to participations as well as possibilities in the Greek market."

It is not the only German-headquartered solar business tapping into the arising Greek solar field. Blue Elephant Power got two solar parks, a 7MWp plant in Kossos and also a 38MWp plant in the Trikala local device, in February to get a grip on what it called a "promising" European market.

The Greek government has actually made several efforts to increase solar deployment, having actually established a target to eliminate coal-fired power generation by 2028. Legislators authorized 4 financial investments into new renewable resource projects amounting to 2.8 GW ability at the end of last year as part of the nation's financial healing from COVID-19. More than EUR2 billion is anticipated to be invested in 4 projects, the majority of which will be scheduled for solar PV growths. Its setting and also energy ministry has additionally attempted to reduce extensive licensing procedures for renewable energy projects, in a bid to free gigawatts' worth of installments facing eight-year waits.