PPC Renewables plans to announce a tender next week for the development of a 15-MW solar energy project, the second of three sections making up a bigger 230-MW photovoltaic project planned for Ptolemaida, northern Greece.

The renewable energy firm, a wholly owned subsidiary of power utility PPC, has already forwarded all relevant information concerning this tender to the European Commission for publication on its official website.

A tender has already been staged for an initial 15-MW package. As for the project’s third and final package, by far the biggest, 200 MW, PPC Renewables intends to stage a tender for its development by summer.

During its construction stages, the project is expected to create at least 300 jobs, while, when completed, the facility should generate 390,000 MWh, enough to cover the needs of 290,000 persons.

PPC Renewables is expected to be among the first companies to induct projects into the Target Model, in other words, two-sided contracts with consumers whose prices will no longer be determined at auctions staged by RAE, the Regulatory Authority for Energy.

PPC Renewables’ portfolio currently totals 150 MW of completed energy projects, while RES projects representing a further 100 MW are now under construction. In addition, tenders for 280 MW have either been announced or will be announced. This additional 280-MW capacity includes the Ptolemaida project, expected to require between 24 and 36 months for completion.