PPC Renewables invites bids to build, operate 10 MW wind farm
Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), has invited bids for the design, procurement, transportation, installation, and commissioning of a 10 MW wind farm on the Ionian island of Kefalonia. The would-be wind farm contractors are to submit their offers by September 10. The estimated project […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
Greece’s PPC unveils plan to boost share of renewables, expand to other markets
Greece’s majority state-owned power utility, Public Power Corporation (PPC), has developed its 2018-2022 strategic and business plan with the support of its advisor, envisaging the company’s expansion to foreign markets and boosting the share of renewables in its overall energy generation mix, among other matters, according to an announcement from PPC. The advisor is consulting […]
China Energy gains renewable foothold in Greece, eyes Balkan expansion
China Energy Investment Corporation, one of the world’s largest power companies, has signed a cooperation agreement with Greece’s Copelouzos Group for renewable energy and conventional electricity. Under the agreement, China Energy will enter into the equity of a significant pipeline of wind farms built by Copelouzos Group, one of the biggest investment groups in Greece […]
Greece awards 277.32 MW of capacity in 1st regular competitive auctions, EDP wins largest wind project
Greece’s energy regulator, RAE, auctioned off a total of 277.32 MW in wind and solar photovoltaic (PV) capacities in its first regular competitive auctions, held on July 2, obtaining prices lower than in the December 2016 pilot tender. A total of 53.48 MW was awarded for 83 small PV projects, with a capacity of over […]
Greece launches regular renewable energy auctions in shift from standard FIT model
Greece has held its first regular competitive auctions for renewable energy capacities, after significantly trimming the offered capacities as a result of rejecting a slew of applications over technical matters. The descending-price renewable energy auctions, representing a shift from the standard feed-in tariff (FIT) model, resulted in considerably lower rates to be paid to investors […]
Greek energy exchange founded, launch expected in mid-2019
The Hellenic Energy Exchange has been founded as part of the EU’s target model to create a single energy market, Greece’s Environment and Energy Ministry said. The Greek energy exchange is expected to launch operations in mid-2019, the Greek Observer reported, citing an announcement from the ministry. The country’s first energy exchange will be owned […]
PPC Renewables’ geothermal partnership draws two 2nd round binding bids
Only two second-round binding bids were submitted for geothermal development partnership with Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), by the June 1 deadline, according to reports. The second-round binding bids for the geothermal partnership with PPC Renewables were filed by Greece’s waste-to-energy producer Helector, part […]