Hellenic Petroleum (ELPE) has acquired a new solar energy facility with a 303-MW capacity, currently at the licensing stage, and also added to the company portfolio 16 additional MW of RES units now in operation, both dynamic moves made as part of the energy group’s strategy for further RES growth.
More specifically, ELPE has just signed an agreement with RES development company FEN SOL for the 303-MW solar facility, consisting of two solar energy farms at Meliti, in northern Greece’s Florina area.
In its other big move, ELPE has acquired solar parks offering a total of 16 MW in the Viotia area, northwest of Athens, from Trina Solar. These projects, already functioning, have secured tariff levels at very satisfactory price levels.
In addition, ELPE is also moving ahead with licensing procedures for a further 20 MW and has completed its development of a major-scale solar energy park with a 204-MW capacity in Kozani, northern Greece. The company now expects power grid operator IPTO to soon connect this project to the grid.
The Kozani project’s addition to the grid will increase ELPE’s capacity of operating RES units to a total of nearly 300 MW, chief executive Andreas Siamisiis noted during a presentation of the group’s annual financial results.