Development of a major-scale 200-MW solar farm planned by PPC Renewables in Ptolemaida, northern Greece, a project budgeted at 110 million euros, is expected to begin in approximately one month.
A series of pre-construction procedures are expected to be completed within the next four weeks, enabling the Mytilineos Group’s METKA EGN, the project’s contractor, to begin work on this project. It represents the biggest part of a 230-MW solar energy project cluster planned by PPC Renewables.
A first 15-MW cluster has already been completed, while a second section representing an equivalent capacity is now being developed and should be ready by autumn.
Work on another big solar farm project planned by PPC for Megalopoli in the Peloponnese, to offer a capacity of 50 MW, is expected to begin in June.
On another front, PPC Renewables is currently working on establishing a major joint venture with Germany’s RWE by July or August.
PPC Renewables and RWE are currently working through a series of matters, including a number of legal issues. RWE will hold a 51 percent stake in this venture.
The two partners plan to equally contribute solar energy projects for a total capacity of 2 GW and a total value of approximately one billion euros, once developed, to this joint venture.
Talks on which projects each partner will choose to contribute to this joint venture remain at an early stage.
PPC Renewables is expected to contribute PV licenses concerning the west Macedonia and Megalopoli areas, while RWE is seen contributing project licenses or anticipated Greek project acquisitions being eyed by the German company for quite some time.