The PPC Renewables SA has signed a bond loan agreement worth of EUR17.5 million (US$20.2million) for the development of 87 MW of wind and hydropower plants (HPP) in Greece.
The parent company, PPC SA, will use the proceeds to fund the construction of six projects that includes new wind parks, several islands on the mainland, and for the rebuilding of 12 old small wind power facilities.
The National Bank of Greece provides 90% of the bond loan while 10% is taken from NBG Malta Ltd. The loan is complemented with debt financing from the European Investment Bank (EIB) worth of EUR85 million (US$95.6 million) which was signed last December 2018.
Country updates
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May 14, 2019
Juwi secures 204 MWp Kozani solar project in auction
Juwi Hellas, the Greek unit of German project developer, Juwi AG, secured the 204 MWp Kozani solar project in auction. The project was awarded by the Greece’s Regulatory Authority for Energy (RA...
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May 09, 2019
Greece awards PPA deal to EDF Group for 60 MW Loutsa solar project
EDF Renewables in Greece has been awarded a long-term Power Purchase Agreement (PPA) for a 60 MWp solar photovoltaic project, following a mixed Renewable Energy Sources (RES) auction held by the Regul...
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February 13, 2019
EDP Renovaveis awarded 20-year CfD for its 15 MW wind project in Greece
EDP Renovaveis SA has been awarded a 20-year contract for difference (CfD) for its 15 MW Aerorrachi wind farm located in Northern Greece. The project is expected to commence oper...
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February 08, 2019
Merging process commenced with EL.TECH. ANEMOS SA and ELLAKTOR SA
The Board of Directors of ELLAKTOR SA has commenced the process for the merger by absorption of its subsidiary EL.TECH. ANEMOS SA after resolving that the merger process setting of 31/12/201...
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February 04, 2019
Consortia emerge for privatization of Hellenic Petroleum
The Hellenic Republic Asset Development Fund (HRDF) has approved the formation of two consortia for the second round of the privatization of the Greek oil refiner Hellenic Petroleum Group (HELPE).&nbs...
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