RES interest high in September, applications total 2.1 GW

Investor interest for the development of new RES units, especially solar energy projects, as well as wind energy farms, remained high in September.

A total of 114 applications representing an overall capacity of 2,093 MW were submitted to RAE, the Regulatory Authority for Energy, during the month.

Solar energy project applications represent the bulk of this interest, numbering 82 for a capacity at 1,642 MW, compared to 406 MW for wind energy applications.

A smaller number of applications concerning small-scale hydropower projects totaling 10 MW were also submitted in September. The authority also received one application for a 2-MW biomass unit, three applications for hybrid projects on Lesvos totaling 14 MW, and one bid for a 20-MW telethermal project in Megalopoli.

Cantreva led the way with solar energy project applications totaling 413 MW. Terna Energy submitted solar project applications representing an overall capacity of approximately 372 MW.

Sizeable moves were also made by Portugal’s EDPR, submitting 185 MW in solar energy project applications and 90 MW for wind energy installations, as well as Germany’s ABO, which applied for solar energy projects totaling 107 MW.

Other noteworthy applications were forwarded by Maximus Terra (106 MW, solar), SPDGR (95 MW, solar), Iliothema (70 MW, solar) and Erimia (114 MW, wind).

 

 

Germany’s DWH, spurred by PV potential, joins local Maximus Terra

Germany’s DWH (Deutsche Werte Holding AG), driven by favorable prospects seen in Greece’s solar energy sector, has joined Greek holding company Maximus Terra, involved in various local RES sector projects – solar, wind, biomass and biogas energy – since 2010.

During these years, Maximus Terra has collaborated with major groups such as Italy’s Enel, as well as Libra Group, headquartered in the USA.

DWH was drawn to the Greek market by solar energy projects with a total capacity of 200 MW currently being developed. The German company plans to co-finance these.

DWH is interested in license trading as well as project development. It estimates that a 25-MW station has the potential to generate revenues, from electricity sales, of up to two million euros per year.

Depending on the strategy it chooses to follow, the German company is anticipating short-term profit from license trading activity or annual profits of roughly 17 million euros through the development of photovoltaic systems.