Mytilineos heightens concentrate on solar in quote to reach 3GW of ability by 2030

Feb 24, 2021 12:43 PM ET
  • Mytilineos is seeking to move its worldwide experience of solar and also storage project advancement to help decarbonise the Greek electric system as well as struck 3GW of PV ability by 2030.
Mytilineos heightens concentrate on solar in quote to reach 3GW of ability by 2030
Image: Mytilineos

The industrial team earlier this month got 1.48 GW of Greek solar parks as part of initiatives to broaden the business's new renewables and also storage space development company unit, which was produced a year back. The EUR56 million (US$ 67.8 million) handle Egnatia additionally included a pipe of 21 battery power storage projects along with 4 added solar-plus-storage setups.

The deal, integrated with Mytilineos' international pipeline of solar plants in markets such as Spain as well as Australia, indicates the company is "on a great course" to get to the 3GW target, according to Nikos Papapetrou, basic manager of the firm's renewables and storage development (RSD) service device.

" That Greek offer is certainly a major boost to this (3GW) instructions," he claimed, worrying the value of the energy storage part of the transaction, that includes "the greatest storage space development currently in Greece".

When announcing the bargain, Mytilineos stated it is "spending greatly" in power storage as it seeks to develop a wide portfolio of power generation plants. In 2019, the company safeguarded design, procurement and also building (EPC) contracts with Gresham Home for four battery energy storage space systems (BESS) with a total capacity of 150MW. Previously this month, the firm was granted 26MW of BESS to provide fast reserve grid services for Terna, the Italian Transmission System Operator.

" I deeply think that storage is the holy grail of decarbonisation," Papapetrou stated. "Without storage space, decarbonisation is just wishful thinking."

Mytilineos recently revealed its aspiration to reduce its overall exhausts by at the very least 30% by 2030 from a 2019 standard, while it is devoting to attain internet no exhausts throughout its whole service, that includes aluminium production, by 2050.

EPC and growth initiatives in 2021

Adhering to a 2020 in which the coronavirus pandemic caused project delays for the RSD device, Papapetrou claimed the firm's EPC organization has "great assumptions" for this year, with about 1.1 GW of contracts in place from clients such as Lightsource BP, Total Eren and also Sonnedix.

Mytilineos' EPC work for Sonnedix saw the completion of the 170MW Atacama Solar project in Chile last October, which was settled promptly regardless of pandemic-related interruptions in addition to demonstrations in the South American nation.

Since then, the company has been named EPC contractor for the 118MWp Pampa Tigre PV plant, additionally in Chile, which is being constructed by Mainstream Renewable Power as well as is readied to be completed in September 2021.

In terms of build-own-transfer growths, Mytilineos now has a portfolio of around 4GW of renewables projects that are in different phases of progression in countries such as the UK, Spain, Mexico, South Korea as well as Taiwan.

Papapetrou claimed the firm's "significant pipe" of solar projects outside of Greece consists of 400MW in the construction phase, of which 120MW in Australia will be linked to the grid this quarter. Building and construction on an additional 400MW of PV capacity is anticipated to start in the following four months.

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