Public Power Corp. (PPC) has obtained EUR102.4 million (US$111 million) for the development of 230 MW of solar photovoltaic (PV) projects in Ptolemaida, Greece, with at least EUR28.5 million (US$31 million) provided by the European Investment Bank (EIB).
Together, the EIB, Eurobank, and the National Bank of Greece supplied 70% of the long-term facilities and 100% of the medium-term VAT financing.
The three solar farms are referred to individually because they won separate contracts in previous rounds of renewable energy bids in Greece.
Country updates
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January 19, 2023
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 i...
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December 23, 2022
ABO Wind completes 50 MW solar PV project in Epirus
ABO Wind has commissioned the 50 MW Margariti solar photovoltaic (PV) project in northwestern Greece. The PV farm consists of around 93,000 bifacial solar panels and 10 central inverter units. ...
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November 08, 2022
FRV buys majority ownership in 600 MW Greek energy storage projects
Fotowatio Renewable Ventures (FRV) has acquired a majority stake in a 600 MW battery electricity storage systems (BESS) portfolio in Greece from Wootis SA. The project is divided into multiple sites a...
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October 13, 2022
Ashtrom Renewable Energy to develop 476 MW of Greek solar projects
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. Th...
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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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