Hellenic Petroleum Gets Solar Projects Well Worth 204 MW in Greece

• Hellenic Petroleum has actually introduced the procurement of a profile of solar PV projects at the last allowing phase in Northern Greece from juwi.

Hellenic Petroleum has actually introduced the procurement of a profile of solar photovoltaic (PV) projects at the last allowing phase, in the location of Kozani, in Northern Greece, from German renewable resource projects developer and also service provider juwi.

The Project, with a complete mounted capability of 204 MW, will certainly be the biggest renewable resource plant in Greece and also among the 5 biggest PV plants in Europe. It is anticipated to create 300 GWh yearly, enough to power 75,000 residences with zero-emission power, with a CO2 discharge evasion of around 300,000 heaps per year.

The complete financial investment will certainly come with EUR 130 million, with a substantial advantage for the economic climate, specifically N. Greece, as over 300 tasks will certainly be developed throughout building, in addition to loads of indirect as well as straight throughout procedure, the majority of which will certainly originate from the regional neighborhood.

The deal is anticipated to be finished throughout the 2nd quarter of 2020, with the building approximated at 16 months and also the Project ending up being functional in the Fourth Quarter of 2021. The procurement of solar projects is an essential action in the direction of carrying out the Group approach, for advancement in brand-new reduced carbon tasks, increasing the accomplishment of the initial 300 MW target from renewable resource resources.

Hellenic Petroleum CEO Andreas Shiamishis stated "as interacted to markets a couple of months back on our method upgrade, our purpose is to enhance as well as establish our existing service profile, however likewise develop ELPE of the future, with a vital duty in tidy power shift; in order to attain that, we require a targeted and also systematic method in all our tasks. This financial investment declares our technique for changing ELPE right into a power team, reinforcing our setting and also taking care of present obstacles. This success will certainly bring substantial advantages, enhancing business worth, adding to our ecological targets and also sustaining financial development in the nation."

In January, we had actually reported that Galp Energia, a Portuguese company which includes greater than 100 business participated in tasks such as gas supply, transportation, storage space, etc had actually revealed that it had actually gotten to a contract with the ACS Group for the purchase of projects for the generation of solar power in Spain, therefore coming to be the major solar energy manufacturer in the Iberian Peninsula.