Renewables

Evia wind farm investors given extension to pay for cable connection

Photo: Pixabay

Published

December 22, 2016

Country

Comments

comments icon

0

Share

Published:

December 22, 2016

Country:

Comments:

comments icon

0

Share

Investors in the wind energy parks on Evia island are given two-month extension to start paying for the cost of underwater cable connection linking Polypotamos in Evia with the outskirts of the Greek capital Athens.

The group of investors holding licenses for the construction of the wind farms in the southern part of Evia, were expected to start paying the submarine cable connection’s cost by the end of this year, Energy Press reported.

This extension was made possible by an energy ministry bill amendment submitted to Greek Parliament as a result of cash flow problems being encountered in the RES sector.

Approximately fifteen investors holding wind facility licenses for southern Evia will need to pay IPTO, the power grid operator, for the connection project’s cost, estimated at 80 million euros. The line has a 400-MW capacity.

Major wind energy investors in Greece such as PPC, Terna, Enteka, Gamesa, Iberdrola, and Protergia plan to develop projects in the southern part of the Evia island.

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

RWE PPC partnership starting build 567 MW PV capacity

RWE-PPC partnership starting to build 567 MW of PV capacity

08 April 2025 - The Meton Energy joint venture of PPC and RWE has taken the final investment decision for two photovoltaic projects north of Thessaloniki

Turkey pushing against rivals for transmission of green electricity to EU

Turkey pushing against rivals for transmission of green electricity to EU

07 April 2025 - Turkey, Azerbaijan, Georgia and Bulgaria launched a green energy transmission project that could compete with the proposed Black Sea submarine link Georgia-Romania

Romanian town Beius geothermal distring heating 100

Romanian town Beiuș to boost geothermal distring heating to 100%

04 April 2025 - The local authority in Beiuș, a trailblazer in geothermal district heating in Romania, should apply for European funding to reach full coverage

montenegro italy admir sahmanovic subsea cable wind solar

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries