Valorem Secures 300MW Solar Approval in Greece

• Valorem secures ETA for 300 MW solar project in Thessaly, powering 40,000 homes with 550 GWh of electricity each year. REN VALOREM Hellas is set to develop 700 MW of renewable energy in Greece.

Valorem has secured Environmental Terms Approval (ETA) from the Greek Ministry of Energy and Environment for a 300 MW portfolio of solar projects in Thessaly, bringing the total capacity of its Farsala photovoltaic (PV) portfolio to 360 MW. Once all 11 plants are completed, the PV complex will be capable of producing more than 550 GWh of electricity annually to supply 40,000 homes. Valorem's local arm, REN VALOREM Hellas, is currently developing 700 MW of renewable energy projects in the country.

What Is Valorem's 360 MW Farsala PV Project?

• Valorem's 360 MW Farsala PV Project is located in the Thessaly region of Greece
• The project is comprised of 11 different solar plants with a total capacity of 360 MW
• Once completed, the PV complex will be capable of producing more than 550 GWh of electricity per year
• This is enough power to supply energy to approximately 40,000 homes in the region
• Valorem’s local arm, REN VALOREM Hellas, is currently developing 700 MW of renewable energy projects in Greece
• The project was approved by the Greek Ministry of Energy and Environment with Environmental Terms Approval (ETA)
• Valorem is committed to developing sustainable and renewable energy projects to help reduce the region’s dependence on fossil fuels