Germany’s RWE and Greece’s state-owned PPC are presently constructing 5 photo voltaic farms with a complete of 210 MW at a former lignite mine in Greece’s Macedonia area. The crops will likely be operational on the finish of the primary quarter of 2024.

Meton Vitality SA, a three way partnership owned 51% by RWE and 49% by PPC, introduced in a press launch that it has signed energy buy agreements (PPAs) for 3 of the 5 photo voltaic farms that now underneath building. Greek energy utility Heron is the client, in keeping with the assertion. The press launch doesn’t state the capability of the three PV crops, however it says that the PPAs vary from 10 to 12 years and are involved about 192 GWh of photo voltaic vitality per 12 months.

The PPAs mark a brand new starting for the Greek vitality market, as they should be executed with out subsidies. This a part of the Greek photo voltaic market remains to be in its infancy. Within the early years of renewable vitality improvement, renewable energy crops have been paid primarily based on feed-in tariffs. Greece later moved to renewable vitality remuneration by premium tariffs, set competitively by auctions. However the RWE-PPC three way partnership is Greece’s boldest and most mature step in direction of subsidy-free vitality up to now.

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