Renewables

Greece gives strategic investment status to Ellaktor’s wind power project in Evia

Greece strategic investment status Ellaktor's wind Evia

Photo: Free-Photos from Pixabay

Published

February 19, 2021

Country

Comments

comments icon

0

Share

Published:

February 19, 2021

Country:

Comments:

comments icon

0

Share

The government put a planned 470 MW wind power complex, under development in Evia by Ellaktor and EDP Renewables, on the fast track. The bodies responsible for approving strategic investments also received applications from Enipeas Monoprosopi and Karatzis for groups of solar power plants with a combined capacity of more than 1 GW.

With today’s decision of the Interministerial Committee of Strategic Investments, Evia island may become a wind power hub with region-wide importance. After the proposal from Ellaktor with state agency Enterprise Greece was taken into consideration last month, the said panel awarded a strategic investment status to a EUR 489 million project for eight wind farms.

The infrastructure conglomerate is planning to build a 470.4 MW complex and just recently it partnered with Portugal’s EDP Renewables to make it a joint venture. The Greek company is developing four facilities in the north-central part of Evia, also known as Euboea, and the remaining units are in the south.

The estimated annual power output from 104 turbines on the island near Athens is 1.59 TWh and Ellaktor said the Evia project would create 182 full-time jobs, calculated on an annual basis. The initial proposal was for 436 MW.

Enipeas Monoprosopi to install solar power plants of 700 MW with storage

Of note, Enipeas Monoprosopi recently filed an application for its plan to install photovoltaic plants with a total capacity of 700 MW to be declared a strategic investment in Greece. The company intends to install the units and accompanying energy storage units in Larissa in the region of Thessaly in the central part of the country.

Enipeas Monoprosopi’s photovoltaic project is worth EUR 350 million

The solar park projects, worth EUR 350 million, are located in Skopia and Kallithea in the municipality of Farsala. Enipeas Monoprosopi said they would produce 1.02 TWh per year and bring 38 full-time jobs, on top of 1,100 workers that it needs during the construction phase.

The minimum value for strategic investments is EUR 100 million and at least 30 so-called annual work units must be created.

Karatzis applies for 52 PV units in two regions

Karatzis, which received a national strategic investment status in December for a photovoltaic complex of 830 MW, filed an application for a group of solar power plants with a total capacity of 363.8 MW.

The hotel developer and operator and producer of packaging materials plans to invest more than EUR 180 million in the projects in Kilkis, located north of Thessaloniki, and in Larissa. There are 52 units in the blueprint, covering 550 hectares.

Five more large investments photovoltaics in pipeline

The Regulatory Authority for Energy (RAE) received applications for five solar power projects with a planned capacity above 100 MW each in the past month.

Hellenic Petroleum, which is currently building a 204 MW solar power plant with JUWI, seeks to expand its portfolio with a photovoltaic project of 150 MW in Xanthi. PPC Renewables, the renewables arm of Public Power Corp. or PPC, applied for solar power plants with a capacity of 340 MW in Megalopolis.

Terna Energy is developing floating solar power plants on three artificial lakes

Aktor, controlled by Ellaktor, plans to build a 115 MW photovoltaic park in Ioannina in northwestern Greece. Spanish Iberdrola’s Rokas turned to RAE with a 135 MW solar power plan project in the western region of Aetolia-Acarnania.

Terna Energy from the GEK Terna Group submitted a proposal to build photovoltaic parks with a combined capacity of 265 MW on three artificial lakes.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

croatia ina eon ppa virje solar

INA, E.ON sign power purchase agreement in Croatia

10 July 2025 - Croatian oil and gas company INA and German energy firm E.ON's local subsidiary signed a PPA for electricity from renewable sources

Solar beats nuclear in June becoming EU biggest electricity source first time

Solar beats nuclear in June, becoming EU’s biggest electricity source for first time

10 July 2025 - Solar was the EU’s largest source of electricity for the first time in June. Records for photovoltaics and wind rolled in in May and June

Cyprus curtails renewable electricity first half 2025 whole last year

Cyprus curtails as much renewable electricity in first half of 2025 as whole last year

09 July 2025 - Curtailments of renewable electricity in Cyprus topped 167 GWh in the first six months of 2025, equivalent to last year's entire cuts

romania energy storage anre double taxation

Romania ends double taxation of energy storage

09 July 2025 - The National Energy Regulatory Authority has approved the regulation on the elimination of double taxation of energy storage