Hellenic Petroleum finalizes takeover of juwi’s 204 MW solar project in Kozani
Hellenic Petroleum (HELPE) has completed the acquisition of 18 solar farms with a total installed capacity of 204 MW located in Western Macedonia. Hellenic buys the projects from juwi through its wholly owned subsidiary Elpe Renewables.
HELPE plans to develop the 204 MW capacity in Kozani region in the coal dependent parts of Western Macedonia close to existing coal-fired power plants.
Total cost of all the projects in the 204 MW portfolio is estimated to be around EUR130 million (US$152.8 million). Construction will begin in October 2020 with commercial operations planned for Q1/2022.
The project is expected to produce 350 GWh, energy enough to supply 75,000 households with power and save 320,000 tons of CO2 emissions annually.
Country updates
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October 14, 2020
EBRD funds 204 MW solar project in Kozani
The European Bank for Reconstruction and Development (EBRD) is investing EUR75 million (US$88.3 million) in the Eurobond tap issuance by Hellenic Petroleum (HELPE), for its solar projects in Gree...
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September 29, 2020
Vestas to supply turbines for 144 MW wind project in Evia
TERNA ENERGY has placed a 144 MW order for the Karystia wind project in the prefecture of Evia, Greece from Vestas Wind Systems. The contract includes the supply and installation of 40 V105-3.45...
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August 14, 2020
PPC Renewables launches tender for 50 MW solar projects in Megalopolis
The companies, Arkadikos Ilios I S.A. and Arkadikos Ilios II S.A., 100% subsidiaries of PPC Renewables S.A., have launched a tender for planning, design, civil engineering works, supply, transportat...
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August 13, 2020
Iberdrola secures 98.1 MW of Greek wind power
Iberdrola has been awarded the construction of three new wind projects in the renewable energy auction held recently in Athens, Greece. The facilities have a combined capacity of 98.1 MW, distributed...
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July 09, 2020
Ariadne Interconnection, Eurobank sign EUR400mn loan for Crete – Attica interconnection project
Ariadne Interconnection SPLC, a special purpose company owned by the Independent Power Transmission Operator (IPTO or ADMIE) S.A., has signed a EUR400 million (US$453.6 million) loan agreement wi...
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