The Mytilineos group’s Renewables & Storage Development Business Unit (RSD) has begun work on the development of a 200-MW solar farm in Kozani, northern Greece for PPC Renewables, a power utility PPC subsidiary.
The project will be added to two smaller solar PPC Renewables farms, each offering a capacity of 15 MW, which have already been completed by their respective developers, Mytilineos and GEK TERNA, for an overall capacity of 230 MW, Greece’s biggest solar energy facility under construction at present.
Mytilineos was declared preferred bidder last December in a tender staged by PPC Renewables. Parliamentary approval of the agreement in April paved the way for the contract’s finalization and commencement of work.
Mytilineos has been tasked with the design, installation and delivery of the solar farm, as well as its connection with two 150kV-cpaacity substations.
The project’s development cost was reduced to 83.7 million euros through the tender, down roughly 30 percent from an initial budget of 110 million euros, taking the facility’s energy production cost to 42,000 euros per MW, one of the most competitive rates in Europe.
The solar farm, to occupy approximately 500 hectares, will be comprised of bifacial panels with single-axis trackers. The RES facility will have an annual production capacity of 352 GWh, capable of covering the needs of approximately 75,000 households.
PPC Renewables, at a RES auction, has secured a tariff of 49.11 euros per MWh for the project’s output.
The project’s delivery has been given a 42-month period. PPC Renewables is striving to increase its installed RES capacity to 500 MW by the end of 2022.