PPC Renewables, a subsidiary of power utility PPC, is looking to develop major-scale solar energy parks at its depleted lignite fields in northern Greece’s west Macedonia region as well as Megalopoli, in the Peloponnese.
The subsidiary, given – by PPC chief executive Giorgos Stassis – the challenging task of materializing PPC’s ambitious turn to renewable energy, has submitted applications to RAE, the Regulatory Authority for Energy, for solar energy production permits with a total capacity of approximately 1,500 MW.
These applications, submitted to RAE during the first ten-day period of December, promise to add to PPC’s portfolio of existing RES units, totaling 4.5 GW.
The maturity levels of existing PPC Renewables units range from premature to operating. The PPC board is currently involved in talks with Greek and foreign corporate groups for the establishment of consortiums to develop many of these existing projects.
New partnerships along the lines of a deal lined up between PPC Renewables and Masdar Taaleri Generation (MTG) will soon be announced, sources informed.
PPC plans to have constructed RES projects offering a further capacity of roughly 1 GW by 2024 from a portfolio of already-licensed projects totaling approximately 6 GW.