STEAG Solar prepares 480MW of Greek projects

• German-Austrian JV will develop 12 collections in the country following year

The German-Austrian JV STEAG Solar Energy Solutions (SENS) will begin building 480MW of PV parks in Greece following year.

With 348 days and 2,800 hours of sunlight each year, Greece offers suitable conditions for regenerative energy generation utilizing photovoltaics, SENS claimed.

The scheme, which it is being performed with the LSG Team from Vienna, will consist of twelve project clusters with a total amount of 25 sub-projects.

SENS will certainly work as project programmer and also be accountable for the planning, construction and O&M services of the systems.

The long-lasting financing partners Green Source and also Core Value Capital are additionally involved.

SENS head of project growth Christian Kleinhans stated: "We delight in to be able to contribute to the restructuring of the energy sector and also therefore to carbon dioxide financial savings in Greece together with our companions.

" With the growth of new solar projects, we are improving activities that have existed in Greece given that 2010 as well as would currently like to increase our long-term partnership."

SENS believes the political environment is right to start the project the Greek government wants to make greater use the country's huge PV potential and also enormously progress the energy transition within this decade.

With a National Energy and Climate Plan (NECP) the development of wind power and also solar plants is anticipated to be accelerated after the country was previously heavily dependent on fossil energy sources.

A whole lot has actually taken place in the last years in regards to expanding renewable resources, yet due to the economic situation in the country and a lack of financial investment, this has actually occurred very gradually at first.

The goal of Greek plan is to minimize the country's greenhouse gas discharges to zero by 2050

Around 10GW of wind and solar energy plants are expected to be built in Greece by 2030.