Maximus Terra, German DWH developing solar power plants of 267 MW in Greece

A Greek-German alliance received licenses for six photovoltaic facilities this year with a combined capacity of 266.5 MW. Maximus Terra is developing the solar power plants in northern Greece with DWH from Germany as a shareholder.

Maximus Terra obtained permits for seven photovoltaic systems since the beginning of the year from the Regulatory Authority for Energy. Four units will be based in Kozani and the company intends to build the remaining ones in Florina, Ptolemaida and Kilkis, also in Greece’s northern part, Newmoney.gr reported. Berlin-based Deutsche Werte Holding or DWH bought a minority stake in 2019.

The projects range in size from 1.4 MW to 137.4 MW. Two years ago, DWH expressed optimism that 200 MW in total could be jointly installed in the Balkan country.

Maximus Terra, controlled by Private Consulting and headquartered in Thessaloniki, separated a branch in September and called it Maximus Terra Solar. Private Consulting has 100% in the new business and 90% in the old company, while the rest belongs to DWH, the article said.

SolarKapital Group, another German investor, just bought two photovoltaic stations for more than EUR 3 million. They are in Pella, also in northern Greece, and in Kileler in Larisa in Thessaly. The Frankfurt-based company said it almost tripled its portfolio in the country with the move. It took over the two units, with a capacity of 1.4 MW in total, from A&G Paper via its subsidiary Skyield.

Of note, Panagakos Group received 17 production licenses with a total capacity of 368.4 MW from the beginning of the year through its joint venture New NE Solar Developments. The firm, previously known as New Spes Concept, was founded with American-Greek-British-owned National Energy International, which also has separate solar power plants in the pipeline in Greece.

The projects are located throughout the mainland. The biggest one, in Boeotia, is envisaged to have the capacity of 65 MW.