Renewables

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

Greece strategic investment status Ellaktor's wind Evia

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Published

February 19, 2021

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Published:

February 19, 2021

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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.

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