Ashtrom Group has secured agreements for the construction of a solar project pipeline in Greece. A local development partner will develop five projects with a total capacity of roughly 476 MW. The solar schemes will cost EUR335-380 million (US$325-369 million).
Ashtrom Renewable Energy was also given the authority to take over numerous further projects owned by the Greek company that is in the advanced stages of development and expected to receive construction licenses next year.
The agreement includes a method for determining the development partner's compensation based on milestones and development progress, with most of the compensation given at advanced development stages and after grid connection approval. In Greece, power obtained from renewable energy projects can be sold through a variety of channels, including participation in government-published rate tenders, long-term Power Purchase Agreements (PPA), and sale on the open market.
Country updates
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August 16, 2022
PPC launches EPC tender for 550 MW solar project in Macedonia
The state-owned company Public Power Corp. (PPC) Renewables has launched a tender seeking potential firms to provide engineering, procurement, and constructions (EPC) services for the development...
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July 21, 2022
Greece awards license for 200 MW solar project in Platani
The Greek Regulatory Authority for Energy (RAE) of Greece has awarded a 25-year power producer license to Fos Anavras Monoprosopi MIKE for the development of the 200 MW solar photovoltaic project...
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July 19, 2022
Cero Generation launches 100 MW solar PV project in Prosotsani
The solar portfolio company of Green Investment Group (GIG) Ltd., Cero Generation, has launched the 100 MW solar photovoltaic project in Prosotsani Drama, Greece with the country's first pri...
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July 04, 2022
Siemens to supply turbines for 36 MW Karkaros wind project in Desfina
Siemens Gamesa Renewable Energy SA has been contracted to supply turbines for the 36 MW Karkaros wind farm located in the municipality of Desfina in Greece. The wind farm, promoted by...
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June 09, 2022
Iberdrola inaugurates 33.6 MW wind farm in Thrace
Iberdrola has commissioned the 33.6 MW Mikronoros wind farm in the province of Rodopi, Greece. The plant, which features eight 105-meter-high wind turbines with a 150-meter-wide rotor, will be able t...
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