Renewables

Terna to invest EUR 170 million in three floating photovoltaic power plants

Terna to invest EUR 170 million in three floating photovoltaic power plants

Photo: Klaus-Uwe Gerhardt

Published

January 25, 2021

Country

Comments

0

Share

Published:

January 25, 2021

Country:

Comments:

0

Share

Greek energy company GEK Terna Group has submitted to the national Regulatory Authority for Energy (RAE) the applications for producer certificates for three floating photovoltaic (FPV) systems at artificial reservoirs, with a total capacity of 265 MW.

The applications for projects using this innovative clean energy production technology concern the installation of a 120 MW facility at Kastraki, 103 MW at the Pournari lake, and 42 MW at the Stratos reservoir.

The total investment in the three renewable energy facilities will exceed EUR 170 million, according to the company’s website.

The three floating photovoltaic systems will be installed on locations outside the Natura areas, with a coverage rate not exceeding 5.5%, in accordance with the International Sustainability Practices.

The investment in floating PV will increase the existing target for total installed capacity from 2.8 GW to over 3 GW

These projects are a new addition to the investment plan for the production and storage of clean energy. Therefore, the implementation of the three floating photovoltaic systems will increase the existing target for total installed capacity in the next five years from 2.8 GW to over 3 GW.

Currently, Terna Energy has more than 1,800 MW in operation, under construction or ready for construction in Greece, the US, and Central and Eastern Europe.

Specifically, the total installed capacity in Greece and abroad amounts to 1,373 MW, while an additional 430 MW is under construction or ready for construction.

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

Croatian Chamber of Economy lex specialis for renewables position paper

Croatian Chamber of Economy asks for lex specialis for renewable energy sector

28 March 2024 - The Association for Renewable Energy Sources produced a position paper identifying obstacles and possible solutions

romania delgaz hydrogen 20HyGrid

Romania successfully tests blending hydrogen in natural gas distribution grid, households

28 March 2024 - E.ON Romania declared success in its test of blending hydrogen into the gas network and using the mixture in households.

IRENA-Global-solar-power-capacity-surpasses-hydropower-in-2023

IRENA: Global solar power capacity surpasses hydropower in 2023

28 March 2024 - The world's renewable electricity capacity additions in 2023 hit a record 473 GW, dominated by China. Solar power became the largest segment in total.

105 MW photovoltaic park in Greece operational with the support of ProCredit Bank

105 MW photovoltaic park in Greece operational with the support of ProCredit Bank

28 March 2024 - A 105 MW photovoltaic park in the Kozani region, North-West Greece, has become fully operational with the support of ProCredit Bank