RWE Greek joint venture targets 2GW solar

Oct 7, 2021 01:28 PM ET
  • Developer has joined pressures with power energy PPC and aims to start operating initial projects in 2023
RWE Greek joint venture targets 2GW solar
Image: RWE

RWE Renewables has actually created a joint venture in Greece with a first solar project pipe of 2GW.

RWE Renewables has actually signed up with pressures with power utility PPC to "assist accelerate" the Greek energy shift by establishing large-scale solar projects in the country.

RWE Renewables will possess a 51% risk as well as PPC Renewables a 49% stake in the brand-new firm.

PPC Renewables will certainly add 9 solar projects with a consolidated overall of 870MW, which are located in north Greece's west Macedonia region, within the limits of the previous Amyntaio open pit lignite mine.

RWE Renewables has protected a Greek photovoltaic project pipeline of comparable size for the function of including it in the joint venture.

The photovoltaic projects are in various stages of growth: The advanced projects are anticipated to begin running in 2023.

Additionally early stage projects could adhere to in 2025. Both events accepted keep the monetary terms of the deal confidential.

PPC Renewables president Konstantinos Mavros stated: "PPC is devoted to leading the energy transition in the nation.

" Together with strong companions we are on track to meet our ambitious targets and attracting our own green offer."

Katja Wunschel, chief operations officer at RWE Renewables for onshore and also PV Europe as well as Asia-Pacific, claimed: "Greece is a promising growth market for us, with its high solar power levels and also clear commitment to renewables."

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