Athens-listed firm Metka said its subsidiary Metka EGN has signed contracts for turn-key engineering, procurement and construction (EPC) as well as the operation and maintenance of seven photovoltaic power production units with a total capacity of over 116 MW in Puerto Rico and the United Kingdom.
The contracts add up to EUR 112 million, the company announced. Metka, owner of 50.1% of the subsidiary, is a member of the Mytilineos Group. The largest of the contracts is with Oriana Energy LLC, a subsidiary of independent solar power producer Sonnedix Group, (IPP), for a 57 MW project in Puerto Rico. Together with the EPC for the solar plant, which will be completed in mid-2016, Metka EGN will also provide operation and maintenance services.
Further six contracts have been signed for projects in the United Kingdom with investors including Lightsource and Moser Baer, both existing clients, and Canadian Solar, a new one, the press release said.
Metka EGN is a joint venture with Egnatia Group, established in October and focused on utility-scale projects for the global solar power market. The two Greek companies have operations in the Middle East, while Egnatia owns solar parks in Romania and Bulgaria, too. Its portfolio in the Balkans, including Greece, consists of facilities with the capacity between 8.6 MW and 13 MW.