Renewables

METKA EGN signs solar PPA to supply leading Australian retail chain

Photo: twitter.com/MytilineosSA

Published

September 3, 2019

Country

Comments

comments icon

0

Share

Published:

September 3, 2019

Country:

Comments:

comments icon

0

Share

Greek EPC contractor METKA EGN has entered an agreement with Coles, the second-largest supermarket chain in Australia, for a 10-year electricity supply contract (PPA), with all the power to be generated from renewable sources, according to a press release from the subsidiary of Greek industrial giant Mytilineos Holdings.

The contract value for Greek EPC contractor is EUR 55.5 million, the company said.

METKA EGN will generate 220 GWh annually to power Australia’s electricity system through three solar photovoltaic (PV) power plants in the New South Wales region owned by the Greek company. With the use of solar energy, carbon dioxide emissions will be reduced by 180,000 metric tons per year.

Coles’ wide network of stores will cover 10% of its energy needs by purchasing 70% of the power generated by the three METKA EGN projects

Coles’ wide network of stores will cover 10% of its energy needs by purchasing 70% of the power generated by the three METKA EGN projects, with a total capacity of 120 MW, METKA EGN said.

Construction on the solar parks is scheduled to begin immediately, with the facilities expected to start supplying Coles and the grid in July 2020

Construction on the solar parks is scheduled to begin immediately, with the facilities expected to start supplying Coles and the grid in July 2020. The three solar parks are part of a 260 MW investment portfolio of production licenses under a “Build, Operate & Transfer” model acquired by METKA EGN in June 2019.

This partnership marks METKA EGN’s dynamic entry into the Australian market, and the company is now present on all five continents, according to the press release.

METKA EGN has completed or has under construction over 1 GW of solar projects in Europe, Africa, Asia, the Americas, and Australia, as well as over 100 MW of storage projects in the UK and Puerto Rico. The company’s project development track record extends to more than 200 MW of successfully connected projects in several EU countries.

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

Serbia EPS PPAs wind parks Alibunar 1 Alibunar 2

Serbia’s EPS signs PPAs for wind parks Alibunar 1, Alibunar 2

08 May 2025 - Serbia's state-owned Elektroprivreda Srbije will offtake electricity from future wind parks Alibunar 1 and Alibunar 2, of 168 MW in total.

Serbia’s TSO EMS signs grid connection contracts for 11 renewable power plants

08 May 2025 - TSO Elektromreža Srbije said the contracts were signed after the second interval for the preparation of grid connection studies

croatia hep floating solar hpp dubrava

Croatia’s HEP to install first floating PV plant on reservoir of HPP Dubrava

07 May 2025 - State-owned company Hrvatska Elektroprivreda (HEP) has already installed one photovoltaic facility near its HPP Dubrava

EU outlines measures end Russian gas oil imports end 2027

EU outlines measures to end Russian gas, oil imports by end-2027

07 May 2025 - The European Commission aims to stop by 2027 the purchases of Russian gas, including LNG, and oil, and phase out nuclear fuel imports