PPC Renewables consortium for offshore wind farm projects

PPC Renewables, a subsidiary of power utility PPC, plans to establish a consortium for offshore wind farm investments and is preparing, for this year, a tender for RES projects totaling 100 MW, the subsidiary’s chief executive Konstantinos Mavros (photo) has informed two energy conferences, the 11th Annual Sustainability Forum, organized by Capital Link, and the Athens bourse’s 1st Energy Conference, both held yesterday.

The company head’s update comes as further proof of the power utility PPC group’s intensifying effort for a leading role in the green energy sector.

Offshore wind farm projects demand major investment synergies and “we will seek to establish a consortium” for this purpose, the PPC Renewables chief told the first of the two conferences.

Speaking later at the Athens bourse conference, Mavros also informed that PPC Renewables plans to stage a tender for a total of 100 MW in new RES projects. One of these projects will be a large-scale solar farm, he noted without elaborating. According to energypress sources, PPC Renewables will also develop a big wind farm.

The PPC group is also moving ahead with a plan to establish Greece’s first ever power purchase agreement (PPA), as a RES producer, with industrial consumers. PPC and PPC Renewables plan to establish a PPA in July for 50 MW through a solar farm in Megalopoli, Peloponnese.