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


February 7, 2023






February 7, 2023





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

federation bih electrcity prices 2024 cap

Electricity price growth for businesses in FBiH capped at 20% for 2024 – prime minister

01 December 2023 - The Government of the Federation of Bosnia and Herzegovina has declared a state of power supply emergency for 2024

slovenia fee municipalities wind farms

Municipalities in Slovenia to get EUR 200,000 per MW of installed wind farm capacity

01 December 2023 - Incentives are another attempt to speed up wind farm projects in Slovenia, which hosts only three wind turbines

Sustainability risk management key Croatia green transition

HROTE’s Budimir: Sustainability, risk management are key for Croatia’s green transition

01 December 2023 - Ne CEO of Croatia's regulatory body HROTE Darjan Budimir says sustainable business models and quality in risk management are key for a successful green transition


France’s EDF sells Europe’s first green bonds for nuclear energy

01 December 2023 - French state-owned power utility EDF raised EUR 1 billion for nuclear energy through a green bond issue, the first of its kind in Europe