RWE, PPC Greenlight 518 MW Solar Projects in Greece

• RWE AG and PPC SA boost Greece's green future with two solar parks, powering 567 MWp, marking a pivotal shift towards sustainable energy.

RWE AG and PPC SA have finalized their investment decision to construct two solar parks in northern Greece, with a total capacity of 567 MWp/518 MWac. This collaboration marks a significant step in expanding renewable energy infrastructure in the region.

The solar projects are part of a broader strategy to enhance sustainable energy production, aligning with global efforts to transition to cleaner energy sources. The development underscores the commitment of both companies to invest in renewable energy and contribute to Greece's energy transformation goals.

How Will RWE AG and PPC SA's Solar Parks Impact Greece's Renewable Energy Goals?

• Increased Renewable Capacity: The addition of 567 MWp/518 MWac from the solar parks will significantly boost Greece's renewable energy capacity, helping the country move closer to its target of 35% renewable energy in its energy mix by 2030.
• Reduction in Carbon Emissions: By replacing fossil fuel-based energy with solar power, the projects will contribute to a reduction in Greece's carbon emissions, supporting the country's commitment to the European Union's climate goals.
• Energy Independence: The solar parks will enhance Greece's energy independence by reducing reliance on imported fossil fuels, thus improving energy security and stability.
• Economic Growth and Job Creation: The construction and operation of the solar parks are expected to create jobs and stimulate economic growth in northern Greece, contributing to regional development.
• Technological Advancement: The projects will likely incorporate advanced solar technologies, positioning Greece as a leader in renewable energy innovation and potentially attracting further investment in the sector.
• Alignment with EU Directives: The solar parks align with the European Green Deal and the EU's Renewable Energy Directive, which aim to increase the share of renewable energy and achieve climate neutrality by 2050.
• Infrastructure Development: The collaboration between RWE AG and PPC SA will lead to the development of necessary infrastructure, such as grid enhancements, to support the integration of renewable energy into Greece's national grid.
• Public and Private Sector Collaboration: The partnership exemplifies successful collaboration between public and private sectors, setting a precedent for future renewable energy projects in Greece and beyond.