Greece's Ellaktor targets 1.2 GW of renewables by 2025 - report
Wind farm in Greece. Author: Gamesa. License: All Rights Reserved.
Greek construction group Ellaktor SA (ATH:ELLAKTOR), which is also active in the renewable energy market, will seek to develop 1.2 GW of renewable energy projects by 2025, Energypress reports.
The goal was unveiled by the company’s CEO Thymios Bouloutas during a press conference dedicated to Ellaktor’s 2021 financial results. The CEO was cited as saying that the target is aligned with the need for energy independence that sparked after the war in Ukraine.
Through its renewables division, Ellaktor owns 493 MW of wind, hydropower and solar power generation plants at home. The bulk of the capacity comes from wind turbines.
Under a partnership with Portugal’s EDP Renovaveis SA, the Greek company currently is developing 496 MW of wind projects in Evia and is also working on the development of 200 MW of wind schemes in Thrace and Laconia. Initiatives related to a wind-hydro dispatchable hybrid project in Lesvos and wind farm extensions in Epirus and Peloponnese are also ongoing, Ellaktor’s financial report shows.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.