Pavlidis Marble-Granite to invest EUR 70 million in four wind farms

Photo: Pixabay


January 30, 2017






January 30, 2017





Greek company Pavlidis Marble-Granite will invest EUR 70 million in renewable energy in the next three years.

The Pavlidis Marble-Granite’s board approved an investment plan worth EUR 70 million for the period 2017-2020. The plan envisages the development of four wind plants in Greece with a total power of 50 MW, reports news agency ANA-MPA.

Construction works are planned to begin in March 2017. This investment will improve the company’s project portfolio when it comes to renewable energy. Pavlidis Marble-Granite, one of the main producers and exporters of white marble worldwide, expects positive results in 2016. Investing in wind energy would offer new sources of liquidity, according to the management.

The energy parks will generate electricity in Macedonia and Thrace and more particularly in Serres, Komotini and Thrace.

In addition to their main activity in exploiting and exporting white marble, the company’s industrial installations which use renewable energy sources include photovoltaic parks with a total capacity of 5 MW which have an energy equivalent to 12.000.000 m² of forest and provide energy autonomy to the company with the added advantage of not burdening the environment with 6.250 tons of CO2. Company’s wind energy parks have total capacity 18 MW.

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

Greek gas supplier DEPA Commercial solar power 550 MW

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

07 February 2023 - DEPA Commercial is preparing public calls for contractors for the installation of its first photovoltaic parks

Szijjártó djedovic Hungary Serbia power transmission cooperation

Szijjártó: Hungary, Serbia to double power transmission capacities by 2028

07 February 2023 - Péter Szijjártó met with Dubravka Đedović in Belgrade to discuss energy security in the region and the improvement of energy cooperation

Scholz Germany to install four to five onshore wind turbines every day

Scholz: Germany to install four to five onshore wind turbines every day

07 February 2023 - Germany will use the current momentum to make real progress in the deployment of wind and solar power, Chancellor Olaf Scholz said

solarpower europe report 2022

SolarPower Europe report – 2022, year when solar age truly began

07 February 2023 - Last year the European Union connected 41.4 GW of photovoltaic capacity to the grid, an all-time record 47% increase