Electricity

Greek gas supplier to build solar power plants of 550 MW in total

Greek gas supplier DEPA Commercial solar power 550 MW

Photo: Manny Becerra on Unsplash

Published

February 7, 2023

Country

Comments

0

Share

Published:

February 7, 2023

Country:

Comments:

0

Share

DEPA Commercial is preparing public calls for contractors for the installation of its first photovoltaic parks. With a reported 550 MW in combined capacity, the gas supplier and importer is shifting its focus toward renewables.

Companies in the fossil fuel sector in Greece are betting big on green energy. In their latest move within the country-wide shift, Motor Oil and Public Power Corp. or PPC have launched a joint venture for green hydrogen. Earlier, Hellenic Petroleum became HELLENiQ Energy to mark its entry into the sustainability era.

Greece’s gas importer and supplier DEPA Commercial, which is participating in the hydrogen-ready gas power plant project in Alexandroupolis, initiated its green transformation several years ago. According to an article published by Energypress, the utility is preparing tenders for selecting the companies that would build its first solar power plants.

The budget for the first group of solar power units is estimated at EUR 400 million

Total reported capacity is stunning – 550 MW, with a budget of EUR 400 million. The public calls are planned to be issued within three months, according to the news outlet, which also learned that the contractors would get incentives to complete the works before deadlines.

Greece’s main coal hub in Kozani in the Western Macedonia province is set to host 450 MW, of which one unit is envisaged with a capacity of 400 MW, while the remainder is about to be installed in Boeotia (Viotia). In the same area, HELLENiQ operates the biggest solar power plant in Greece, at 205 MW, and PPC Renewables is building and developing huge individual photovoltaic plants.

One of the photovoltaic projects is envisaged with 400 MW in capacity

Unnamed sources revealed that DEPA Commercial, also known as DEPA Commerce, intends to sell the electricity through bilateral power purchase agreements (PPAs), including to Fysiko Aerio – Hellenic Energy Co., which distributes gas and electricity. The plan is to bring the solar power plants online in 2025.

DEPA Commercial has another 150 MW in photovoltaics in the project pipeline, waiting to obtain grid connection terms.

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

Turkish firm mature PV 214 MW Romania Econergy

Turkish firm buys mature PV project of 214 MW in Romania from Econergy

21 June 2024 - Entek Elektrik's subsidiary Enspire Enerji took over a 214 MW solar power project in Romania from Israel-based Econergy

Cascading-power-grid-failure-causes-blackout-in-BiH-Montenegro-Albania-Dalmatia

Cascading power grid failure causes blackout in BiH, Montenegro, Albania, Dalmatia

21 June 2024 - Overloads in key electricity interconnections led to unprecedented outages in BiH and Montenegro today while the power was out in much of Croatia and Albania as well

Renalfa largest battery facility Bulgaria into operation

Renalfa IPP puts largest battery facility in Bulgaria into operation

21 June 2024 - Renalfa IPP has started the commercial operation of its first utility-scale battery energy storage system

Serbia-commission-first-study-possibility-building-nuclear-power-plants

Serbia to commission first study on possibility of building nuclear power plants

20 June 2024 - The Ministry of Mining and Energy of Serbia invited consultants to conduct an analysis of nuclear energy technologies including SMRs