Finland's Korkia plans more than 1 GW of solar projects in Greece

Finnish investment and advisory company Korkia Ltd announced on Friday that it has established new partnerships to develop a number of solar projects on the mainland of Greece and the island of Crete with a combined capacity surpassing 1 GW.

Korkia said in a statement that it has teamed up with GH Energy for projects in the Thessaly region and with AA Sunshine in Crete. These partnerships will aim to reach the shovel-ready state for their projects in 2024. The plans include the installation of energy storage facilities as well.

“We have been developing solar projects over the last six years. Thessaly is known as the central hub for Greece’s electricity transmission and has suitable land areas for solar projects. There is a lot of potential for growth, and we see great value in combining solar projects with energy storage,” stated George Haloulis of GH Energy.

Korkia noted that one subsea cable has already been laid between the island of Crete and the mainland of Greece, and another one is planned to be finalised by the end of next year.

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