Masdar, Taaleri get EC nod for Greek solar JV

Solar modules near garden. Featured Image: Jim Parkin/Shutterstock.com

August 4 (Renewables Now) - Finland’s Taaleri Energia Ltd and Abu Dhabi Future Energy Company PJSC, better known as Masdar, have obtained approval from the European Commission (EC) to set up a joint venture (JV) for a 65-MW solar project in Greece.

The duo will co-develop the Asopia photovoltaic (PV) scheme with local partners, the Constantakopoulos Group, through Kyoto SA, and automotive firm Autohellas SA (ATH:OTOEL). Plans for Masdar-Taaleri Generation (MTG) JV were announced in May.

In its decision, issued last week, the EC has concluded that the proposal does not raise any competition concerns.

Masdar and its Finnish partner intend to build the solar park in the Viotia region of Greece, around 65 km north of Athens, with construction works slated to be completed in 2023. Once up and running, the plant will be capable of generating more than 100 GWh of electricity annually.

The project will take part in Greece’s feed-in-tariff premium auction scheme scheduled for late 2021, the partners said previously.

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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.

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