PPC Renewables issues tender for 50 MW of solar on Peloponnese
Solar modules near garden. Featured Image: Jim Parkin/Shutterstock.com
PPC Renewables SA, a unit of Greek utility PPC SA (ATH:PPC), has opened a tender for the construction of two solar parks in Greece totalling 50 MW.
The competition was launched on Monday and applications will be accepted by September 30. It involves the construction of two photovoltaic (PV) plants in the Municipality of Megalopolis, Peloponnese, with capacities of 39 MW and 11 MW, respectively. The whole project is estimated to require an investment of EUR 30.72 million (USD 36.3m), excluding VAT.
Winners in the tender will be selected through an online auction. They will be tasked with the design, procurement, transportation of materials and installation of the solar parks and a 33-kV substation.
PPC Renewables already secured a tariff of EUR 49.11 per MWh in an auction by the Greek Regulatory Authority for Energy (RAE) for the 11-MW plant. The 39-MW portion of the project will operate through power purchase agreements (PPAs) with its parent, according to local media reports.
As part of its 2020-2024 business plan, utility PPC SA aims to switch off 3.4 GW of coal power plants by end-2023 and expand its renewable capacity by 1 GW 2024.
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.