- Press Releases
September 21 (Renewables Now) - PPC Renewables, the green energy arm of Greek power utility PPC SA (ATH:PPC), intends to build a 500-MW solar park at the site of a coal-fired power complex in Western Macedonia, Seeato news service reports.
Konstantinos Mavros, CEO of PPC Renewables has told the media that the photovoltaic (PV) project would be put forward within six months. The huge complex will be built in Ptolemaida, part of the Eordaia municipality, where Greece’s largest lignite resources and power plants are located.
PPC is currently building Ptolemaida 5, a coal-fired power generation plant that is planned to be switched to gas in four years. As part of its 2020-2024 business plan, the utility aims to shut down 3.4 GW of coal power stations by end-2023 and expand its renewable capacity by 1 GW 2024.
According to the report, the company will unveil projects for over 1 GW of renewable energy capacity by end-2022. They will be located in Western Macedonia and call for investments worth EUR 250 million (USD 293.3m), the CEO has said.
(EUR 1.0 = USD 1.173)