Intrakat

Siemens Gamesa signs first contract with Intrakat for 36.4-MW wind farm in central Greece

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Siemens Gamesa has signed a contract with construction company Intrakat for the first time, adding a new customer to its portfolio. It is a 36.4 MW agreement to supply 7 SG5.0-145 model turbines operating at 5.2MWs that will be installed in Viotia area, Greece.

The wind farm, called Karkaros, is scheduled to be commissioned during Autumn 2023. The contract with Intrakat also includes a full scope long-term service agreement for a period of 25 years.

The 36.4 MW of clean energy that the wind farm will produce will provide electricity to 30,000 households and it will help to avoid the emission of more than 92,000 tonnes of CO2 a year, the equivalent to the emissions of more than 50,000 vehicles. To achieve this CO2 saving, 1.5 million trees would need to be planted.

With this agreement, Siemens Gamesa reaches a total of 992 MW installed or under construction in Greece. The service fleet will account now for 680 MW in the country including services provided to other OEM wind turbines. The installation of the Karkaros project will offer different challenges, like the use of blade lifters for transportation, a technology that Siemens Gamesa has already used in Greece and other countries too.

“The agreement signed with Intrakat strengthens our position in Greece and gets us very close now to the milestone of having 1 GW installed or under construction in the country. We are also happy we have been able to add a new customer to our portfolio; I’m sure this will be the first of many more agreements to come with Intrakat,” said Spyros Rozis, Managing Director of Siemens Gamesa in Greece.

Greece offers one of the highest rates of expected renewable energy growth. The goal set by the government national quantitative targets are set for reducing greenhouse gas emissions by 55% by 2030 compared to 1990, by 80% by 2040, with the ultimate goal of climate neutrality by 2050. New renewable energy auctions in Greece are among the measures that will play a key role in achieving the goal of increasing the share of RES by 70% in final energy consumption by 2030.  

About Siemens Gamesa Renewable Energy

Siemens Gamesa is a global leader in the wind power industry, with a strong presence in all facets of the business: offshore, onshore and services. The company’s advanced digital capabilities enable it to offer one of the broadest product portfolios in the sector as well as industry-leading service solutions, helping to make clean energy more affordable and reliable. With 110 GW installed worldwide, Siemens Gamesa manufactures, installs and maintains wind turbines, both onshore and offshore. The company’s orders backlog stands at €30.1 billion. The company is headquartered in Spain and listed on the Spanish stock exchange (trading on the Ibex-35 index).

Listed players plan 16 GW in RES projects worth €16bn

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Greece’s listed energy groups, alone, plan to invest a total amount of 16 billion euros over the next decade for the development of green energy projects representing over 16 GW, big figures highlighting the anticipated dominance of the green energy market in the years to come as the country transitions to cleaner energy sources and decarbonizes.

Investments are already anticipated in mature RES technologies, namely wind and solar energy facilities, while, once market and regulatory conditions allow, major investments will be made in energy storage as well as offshore wind farms.

Terna Energy, market leader in Greece’s RES market, plans to reach an installed capacity of 3,000 MW in the next five years. The company, the biggest wind energy player in Greece and southeast Europe, is currently developing wind energy projects representing 400 MW while a further 63 projects are nearing maturity.

Power utility PPC is making impressive RES market progress through its subsidiary PPC Renewables. PPC, according to the company’s updated business plan, will make investments totaling 3.4 billion euros until 2023, 34 percent of this amount concerning RES investments.

Green energy is also a key aspect in the Mytilineos group’s investment plans over the next few years. Its solar energy projects portfolio, representing 1,480 MW, is one of the biggest in Greece. The company possesses 300 MW in RES projects either operating, under construction or set for construction, as well as a further 100 MW headed for final investment decisions by the end of 2021. Mytilineos also plans to develop 20 energy storage projects, each with a 50-MW capacity.

Hellenic Petoleum (ELPE), both acquiring and developing RES projects, is aiming for a 2-GW RES portfolio by 2030.

Motor Oil Hellas recently acquired 11 operating wind farms with a total 220-MW capacity as well as a 20-MW facility still under construction from private equity fund Fortress. MOH is aiming for an operating RES capacity of 364 MW by the end of 2022 as well as a medium-term RES goal of between 500 to 600 MW.

Ellaktor is planning investments worth 1 billion euros for the development of 900 MW through its partnership with Portugal’s EDPR.

Contractor Intrakat also aims to push ahead with a one billion-euro RES investment plan. The company has joined forces with Gaia Anemos, possessing wind and PV production licenses representing approximately 1 GW, plus RES expertise.

RF Energy has reached an investment decision to develop an offshore wind farm with a capacity of 498.15 MW northeast of the island Limnos. The project is budgeted at two billion euros, according to the company.

 

 

 

PPC, IPTO see big potential in broadband development PPPs

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Power utility PPC and power grid operator IPTO, both seeing enormous potential in the further utilization of their thousands of kilometers of distribution and electricity transmission networks covering the entire country, have emerged as contestants in a tender for a broadband network expansion project, one of Greece’s biggest Public Private Partnerships (PPPs) to date.

PPC and IPTO know well their existing nationwide infrastructure is a treasure whose potential is far from fully realized. Fiber optics and a large range of telephone and internet services can be added to this infrastructure.

The PPP tender is offering contracts for the development of ultra-fast broadband networks in seven parts of Greece that have not been included in investment plans shaped by telephony providers. The project is budgeted at 870 million euros.

Besides PPC and IPTO, three telecom companies, OTE, Vodafone and Wind, four construction firms, Terna Energy, Mytilineos, Intrakat and AVAX, as well as the Sultanate of Oman’s Oman Fiber Optic SAOC have emerged as first-round contenders for the tender.

Partnerships could be established between some of these ten participants, or with other investors who may be emerge later on.

According to the tender’s initial terms, bidders or bidding teams are entitled to be awarded up to three regions.

Minister promises lifeline extension for PPC’s Kardia power station

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The main power utility PPC’s Kardia power station in northern Greece’s Kozani area will continue to operate beyond May, when the facility’s EU-approved 17,500-hour lifespan expansion is due to expire, a union group leader has contended following talks with energy minister Giorgos Stathakis, mindful of upcoming elections.

The government has agreed to strict European Commission withdrawal terms for the Kardia unit.

One of the Kardia power station’s units, Kardia III, has just 13 days of operating time remaining.

In comments to local media, Moschos Moschou, the head of PPC’s Spartakos union group, representing workers employed in electricity production, has assured that a lifespan extension beyond May would be granted to Kardia as part of Greece’s effort to meet energy sufficiency and energy security requirements.

Moschou and the energy minister also discussed the lifeline extension of another PPC unit, Amynteo, given an additional 32,000 hours from the previous 17,500.

PPC has already received four different Amynteo environmental upgrade proposals from the Mytilineos, Copelouzos, Peristeris and Intrakat groups. No agreements have been reached.

Private-sector investors will need to participate in any Amynteo power station upograde, the energy minster told Moschou, according to the union leader.

 

 

 

PPC pressuring ministry on Amynteo power station’s future

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The main power utility PPC is maneuvering to increase the pressure on the government for action that would ensure the inclusion of the power utility’s lignite-fired Amynteo power station in the country’s energy mix over the coming years, secure its environmental upgrade and attract investors for its sustained utilization.

PPC appears to remain unconvinced of the government’s intentions to keep the Amynteo power station alive despite assurances from energy minister Giorgos Stathakis that the facility’s two units, totaling 600 MW, have been factored into the country’s electricity production calculations until 2030.

PPC is demanding a study as verification of the government’s Amynteo plan.

A 17,500-hour operating time limit imposed on the Amynteo power station by the European Commission for environmental reasons expired just over a month ago but Greek authorities have decided to sustain its operations while working on a revamp plan that would enable the unit to keep operating. Brussels is believed to be gearing up a sanctions procedure but it would typically move along at a slow pace.

The Mytilineos group, Gek Terna, Copelouzos and Intrakat have all expressed interest for involvement in an Amynteo upgrade.

The national energy and climate plan, currently undergoing public consultation, projects an installed capacity reduction of fossil fuel-fired power stations from 4.3 GW to 3.4 GW in 2020. A slight rise to 3.5 GW is foreseen for 2025 before this capacity is slashed to 2.7 GW in 2030.

Brussels set to launch action against Amynteo overtime use

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The European Commission is set to launch a sanctions process against Greece in response to the country’s continued use of main power utility PPC’s lignite-fired Amynteo power station, whose 17,500-hour operating time limit, imposed for environmental reasons, expired approximately three weeks ago, on November 19.

The news of the imminent Brussels action was disclosed by a highly-ranked Directorate-General for Environment official in Athens last Friday, who added the specific department, responsible for EU policy on the environment, has not received any Greek extension request.

European Commission sanction procedures for such issues are typically lengthy and could take anywhere between a year or two to complete from the time Brussels forwards its initial complaint, the two sides exchange ensuing letters, Athens raises an anticipated objection, and Brussels issues a ruling, an official who is well-informed on the process told energypress.

Athens will aim to utilize this period and push ahead with a plan to complete an Amynteo power station upgrade that would enable the revamped unit to keep operating. The development of Ptolemaida V, a modern facility, may also be completed by then.

The Amynteo upgrade is not expected to begin until a bailout-required sale of three power stations at Megalopoli and Meliti has been completed.

The Mytilineos group, Gek Terna, Copelouzos, joined by China’s Shenhua, as well as Intrakat, have all expressed interest for involvement in the Amynteo upgrade.