Masdar and Taaleri Energia have agreed to develop a 65 megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG).
The co-development was announced at a virtual signing ceremony, attended by His Excellency Dionyssios Zois, Ambassador of the Hellenic Republic to the UAE, and His Excellency Sulaiman Hamed Salem AlMazroui, Ambassador of the United Arab Emirates to the Hellenic Republic.
The project is Masdar’s first investment in the Greek market and will be developed by MTG alongside local partners, the Constantakopoulos family and Autohellas.
The project is located in the region of Viotia, approximately 65 kilometers north of the Greek capital, Athens, and is in the advanced development stage, with construction expected to be completed in 2023. It is intended that the project will participate in Greece’s feed-in-tariff premium auction scheme in late 2021.
