London-based National Energy finishes 24-MWp solar portfolio in Greece

• London-based financial investment platform National Energy Holdings claimed today it has completed its very first greenfield planetary systems in Greece-- a 24.08-MWp portfolio of five projects in the main part of the nation.

Construction started in the fall of 2020, with the renewables as well as storage space development (RSD) business system of Greek industrial empire Mytilineos SA (FRA: MYH) functioning as the design, purchase and also building (EPC) contractor. 2 of the projects were totally energised in February this year, and also the remaining three in June.

Situated approximately Viotia and also Fthiotida, all projects will certainly gain from a 20-year set tariff, protected in a July 2019 public auction by the Greek Regulatory Authority of Energy (RAE).

The portfolio features 51,000 Suntech and Trina bifacial solar panels, 128 Huawei solar string inverters, Mevaco dealt with framework and also Soltech one axis trackers. It will create some 47.7 GWh a year, sufficient to serve around 10,000 houses, states the company.

The solar arrays are possessed and run by a Greek subsidiary of National Energy, which now has a 91-MW operational wind as well as solar portfolio in Greece.

Piraeus Bank Funding offered non-recourse project finance through a bond car loan facility in November 2020.