Financing received for 230 MW Solar project in Greece
PPC Renewables has been granted EUR28.5 million (US$30.85 million) financing by the European Investment Bank (EIB) for the development of the 230 MW solar photovoltaic project located in Kozani in Western Macedonia, Greece.
The project, which is one of the largest solar energy projects developed and under implementation in Greece, is also part of the strategic transformation plan of the PPC Group which puts a special focus on the promotion of renewable energy.
The EIB financing is part of a EUR102.4 million (US$110.69 million) Project Finance debt package comprising EUR95.1 million (US$102.8 million) long-term facilities and EUR7.3 million (US$7.9 million) medium-term construction VAT financing. EIB worked together with Eurobank SA (ERB) and National Bank of Greece SA (NBG), which committed in equal shares 70% of the long-term facilities and 100% of the medium-term VAT financing.
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April 14, 2022
Ellaktor receives approval for the development of 160 MW wind complex in Greece
Sofrano, a unit of Greek construction group Ellaktor SA has received environmental approval for the construction of the 160 MW wind complex in Evia Island, Greece.
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June 07, 2021
The USD462 million Subsea interconnection project in Greece starts operation
Hellenic Cables in partnership with Independent Power Transmission Operator (IPTO) has announced the successful electrification of the 178 km long submarine and underground electrical interconnection between Crete and Peloponnese.
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May 03, 2021
Hellenic cables to install subsea connection for 330 MW Offshore wind farm in Greece
Hellenic Cables has been selected by TERNA ENERGY S.A, following an international tender, for the design, manufacturing, supply and installation of the 150 kV submarine cable system which will connect the under-construction 330 MW Kafireas II Wind Farm to Greece’s mainland grid.
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March 12, 2021
European Investment Bank to finance USD1.19 billion Interconnection project in Greece
The Independent Power Transmission Operator announces the participation of the European Investment Bank (EIB) in the financing of Crete-Attica interconnection, a project with a total budget of EUR1 billion (USD1.197 billion), being implemented by IPTO’s fully owned subsidiary “Ariadne Interconnection”.
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March 25, 2020
Greece receives 9 bids for DEPA Commercial privatization
The Government of Greece has received nine bids for the sale of about 65% stake in the dominant gas supplier DEPA Commercial owned by the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum.
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