Terna to construct 50 MW of Greek solar parks for PPC
- The renewable energy arm of Greek utility PPC SA (ATH: PPC) has selected Terna SA to construct 50 MW of solar parks in the Peloponnese region, the contractor claimed on Thursday.
The construction business of GEK TERNA Group has actually won a tender to install a 39-MW and also an 11-MW solar (PV) plant, along with a substation in support of PPC Renewables. Under the deal, it will certainly take care of the planning, layout, civil design works, supply, transportation as well as installation of the so-called Arkadikos Ilios I SA as well as Arkadikos Ilios II SA parks. The operation of the nuclear power plant is likewise within the scope of the honor.
The PV farms will be constructed in Megales Lakkes, in the town of Megalopolis, at an investment of around EUR 28.5 million (USD 34.8 m), including VAT. Neighborhood media reported formerly that the 11-MW project is just one of the champions in a domestic renewables tender, while the other one will certainly be contracted under a corporate power purchase contract (PPA).
As part of its 2020-2024 business strategy, utility PPC intends to turn off 3.4 GW of coal power plants by end-2023 and also broaden its eco-friendly capacity by 1 GW 2024.