GEK-TERNA has emerged as the winning bidder in a tender staged by PPC Renewables for the development of a 550-MW solar farm, one of Europe’s biggest, and its interconnection projects in Ptolemaida, northern Greece, at a location where power utility PPC, PPC Renewables’ parent company, has operated a company-owned lignite mine, sources have informed.
GEK-TERNA outbid five participants, METKA, RES INVEST, CMEC, AVAX and AKTOR, for this solar farm contract, a pivotal project for the decarbonization effort in northern Greece’s west Macedonia region, as well as PPC’s dynamic turn towards renewable energy.
Procurement of the project’s panels and all other equipment will be handled by PPC Renewables.
The project’s completion will represent a milestone for PPC’s business plan, foreseeing a rapid increase in installed RES capacity over the next few years.
PPC Renewables, nowadays organizing tenders for such projects at an extremely fast pace, is aiming for an imminent start in the Ptolemaida solar park’s development, so that this investment, worth roughly 280 million euros, can be completed by 2024.
The Ptolemaida solar farm will rank as one of Europe’s biggest. At present, a 626-MW solar power project being developed in central Spain by Solaria Energia is Europe’s biggest.
The Ptolemaida solar farm will more-than-double the capacity of Greece’s biggest such unit at present, a 204-MW solar power plant developed by ELPE in Kozani, northern Greece.