Photo: CPW
Steel pipe manufacturer Corinth Pipeworks has put into operation a 7.1 MW photovoltaic facility on its plant in the Thisvi Industrial Area. It is the largest industrial rooftop PV system in Greece, the company said.
A steel pipe factory northwest of Athens will cover an estimated 25% of its electricity needs with its new solar power plant, generating some 10 GWh per year. Corinth Pipeworks (CPW) revealed that it has commissioned the 7.1 MW system, pointing out it is the largest industrial rooftop photovoltaic facility in Greece.
The company, owned by Cenergy Holdings, conducted the endeavor under an ESCO scheme. The project was entirely designed and implemented by Survey Digital Photovoltaics. It was financed by investment firm Sirec Energy and Survey Digital Photovoltaics, in collaboration with Piraeus Bank.
Under the terms of the 10-year lease, the system will be transferred at no cost to Corinth Pipeworks. The behind-the-meter PV plant is for own consumption, injecting no electricity into the high-voltage grid.
Corinth Pipeworks surpassed its 2025 target of sourcing 80% of its energy consumption from renewables
The facility spans almost six hectares on two factories, at a height of ten meters. It consists of 12,000 solar panels.
With the photovoltaic plant and a power purchase agreement (PPA) for a wind farm, CPW surpassed its 2025 target of sourcing 80% of its energy consumption from renewables. The company’s portfolio includes pipes for hydrogen pipelines.
“This choice carries particular significance, as it comes from an organization with both the technical capacity to develop the photovoltaic system and manage the generated energy, as well as the financial capacity to finance the investment independently. Yet, it chose to move forward in collaboration with us and Survey Digital Photovoltaics, recognizing the value of strategic partnership,” said Vice President of Sirec Energy Vangelis Bardis.
A subsidiary of Viohalco, Belgium-based Cenergy Holdings also controls Hellenic Cables, which manufactures power and telecommunications cables.
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