Karatzis Group Solar Deal Powers Mytilineos in Greece

• Mytilineos SA secures long-term power supply with Karatzis Group, powering 97,000 homes with solar energy in Greece.

Mytilineos SA has agreed to a long-term power purchase agreement with Karatzis Group to procure electricity from 210 MW of solar park projects in Greece. The deal covers 80% of the portfolio's overall capacity, including 35 photovoltaic projects in Larissa prefecture developed by Karatzis. Mytilineos' renewable energy division will install the capacity, with commercial operations set to begin in the third quarter.

The agreement will provide Mytilineos with around 380 GWh of electricity annually, enough to power approximately 97,000 homes. This move is in line with the company's strategy to reduce energy costs for itself and its business partners, following a similar PPA signed with EDP Renewables for wind projects in Greece last year.

What is the impact of Mytilineos' latest solar power purchase agreement in Greece?

• The latest solar power purchase agreement between Mytilineos SA and Karatzis Group in Greece will cover 80% of the portfolio's overall capacity, including 35 photovoltaic projects in Larissa prefecture.
• Mytilineos' renewable energy division will install the 210 MW capacity, with commercial operations expected to begin in the third quarter.
• The agreement will provide Mytilineos with approximately 380 GWh of electricity annually, which is enough to power around 97,000 homes.
• This move is part of Mytilineos' strategy to reduce energy costs for itself and its business partners, following a similar PPA signed with EDP Renewables for wind projects in Greece last year.