RWE, PPC reach FID on 175MW of Greek solar

• Construction of 5 projects in Western Macedonia is prepared to start this spring

RWE as well as Greek developer PPC have actually reached a final investment decision to construct 175MW (210MW peak) of solar capacity in Greece.

The business' joint venture will construct 5 projects in Western Macedonia, with construction scheduled to start this spring, complied with by commissioning in early 2024.

The 200MW of capacity will certainly require an overall investment of EUR180m, with EUR90m co-financed by EU funds.

The projects have long-lasting power acquisition arrangements signed with numerous clients, with terms ranging between 10 and 15 years.

The solar parks are to be built in the northern Greek area of Western Macedonia on the site of the previous Amyntaio lignite mine.

RWE holds a 51% share in the joint venture company, Meton Energy, with PPC Renewables holding the continuing to be 49%.

Georgios Stassis, Chairman and Chief Executive Officer of PPC, claimed: "Clean energy is at the heart of PPC's strategic planning.

" These consist of the growth of renewable energy projects, storage space innovations and green hydrogen.

" I am convinced that renewable resources in combination with storage space innovations will certainly form the backbone of the electricity system worldwide in the next decade.

" We remain to invest in renewable energy projects-- alone as well as in cooperation with solid partners such as RWE. The growth of the significant solar projects in Western Macedonia shows our commitment to the energy change.

" We are likewise reinforcing Western Macedonia's role as the country's energy centre."

Via Meton Energy, RWE Renewables and PPC Renewables are developing solar projects with a complete capacity of up to 2GW (peak) in Greece.

PPC Renewables has contributed 9 solar projects with an overall capacity of as much as 870MW (940MWp) to the joint venture and RWE Renewables has a solar development pipeline in Greece of a similar size.