New Greek JV targets 750MW solar drive

Jul 12, 2021 11:02 AM ET
  • Macquarie's Cero Generation and Greek renewables equip Wattcrop form partnership
New Greek JV targets 750MW solar drive
Image: APPA/Unsplash

Macquarie's Solar gamer Cero Generation as well as Greek renewables equip Wattcrop have actually established a joint endeavor with the goal of creating 750MW of PV projects in the latter's house market in the next four years.

Cero and also Wattcrop will initially co-develop Wattcrop's existing portfolio, which consists of greater than 480MW early-stage projects.

The bigger objective is supported by Greece's arising power purchase arrangement market, the companions said.

The partnership brings together two seasoned teams, with a performance history in renewable energy development, the claimed. Wattcrop's has handled thousands of megawatts of solar as well as onshore wind possessions to date while Wattcrop has an experienced engineering group based in Greece.

Greece has a target to guarantee 61% of all electricity consumed in nation comes from renewable resources by 2030, and also anticipates solar PV to be among the main adding technologies.

By incorporating Cero's technological experience and financial investment ability with Wattcrop's local knowledge, the partnership is preferably positioned to aid satisfy this goal as well as accelerate Greece's power transition, they said.

Cero chief Nikolaj Harbo claimed: "This joint endeavor enhances Cero's passion to come to be Europe's leading solar development company."

Wattcrop Group taking care of partner Ypatios Moysiadis added: "Our Partnership with Cero Generation, a GIG portfolio firm, will enable us to develop, develop as well as run top quality renewable energy properties and also accelerate the transformation and decarbonisation of electrical power generation in Greece."

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