UK's Cero Generation embarks on 100-MW solar project in Greece
The 6-MW Bolotana solar plant in Sardinia, Italy. Source: Cero Generation Limited.
Cero Generation, an independent portfolio company of Macquarie’s Green Investment Group (GIG), has officially commenced work on a project involving the construction of a 100-MW solar park in Greece’s East Macedonia and Thrace region.
The project launch was celebrated at a ceremony attended by Greek government officials and major industry players, Cero Generation said on Friday.
Dubbed Delfini, the scheme envisages the installation of a photovoltaic (PV) farm in the municipality of Prosotsani, Drama regional unit. It will be run under a power purchase agreement (PPA) with Swiss renewable power producer Axpo Holding AG, which makes it the first solar development in Greece with a private power off-take deal in place.
According to local media reports, Greece’s Piraeus Bank has provided debt financing for the project.
Solar developer Cero Generation currently has some 9 GW of PV projects under development in its European portfolio. The company noted that the Delfini scheme will further expand its foothold in the Greek market and enhance its plans for "extensive" growth in the country. Additionally, the solar PV generation will support Greece’s goal of making renewables account for 70% of its total power consumption by 2030.
“Against the backdrop of an ongoing energy crisis, we’re helping to deliver cheaper, cleaner power across the country and supporting the government’s ambitious transition goals,” said Marta Martinez Queimadelos, CEO of Cero Generation.
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.