Masdar, Taaleri to develop 65-MW PV project in Greece
Solar panels. Author: 100% Campaign.
Finnish renewable energy developer Taaleri Energia Ltd and Abu Dhabi Future Energy Company PJSC, better known as Masdar, will develop a 65-MW solar project in Greece.
Through their joint venture (JV) for Central and Eastern Europe, Masdar-Taaleri Generation (MTG), the duo will co-develop the photovoltaic (PV) park with local partners, the Constantakopoulos family and automotive firm Autohellas SA (ATH:OTOEL).
To be located in the region of Viotia, approximately 65 km north of Athens, the project will take part in Greece’s feed-in-tariff premium auction scheme scheduled for late 2021. This is the UAE-based firm first investment in the Greek market.
Masdar expects construction works to be done in 2023 and once in operation, the solar plant will be capable of generating more than 100 GWh of electricity annually.
Regarding other European assets, Masdar is co-investing in the 158-MW Cibuk 1 wind farm in Serbia alongside funds managed by Taaleri Energia. The companies also have purchased an equal share in two ready-to-build wind farms in Poland, the 37.4-MW Mlawa and the 14-MW Grajewo.