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One or two top times groups, RWE and you will Pay per click, enjoys joined forces to simply help accelerate this new Greek opportunity changeover. Courtesy the m&a company Meton Time S.A good., RWE Renewables (51%) and you can Pay per click Renewables (49%) have taken the very last investment decision for 5 solar pv ideas.
Thodoros Skylakakis, Greek Solution Minister of Loans: “An essential capital which can subscribe to the reason for accelerating the energy change is found on song to have execution it spring, towards the sum of your Data recovery and you will Resilience Loans. The €180 billion financial support inquiries the construction of 5 photovoltaic ideas and you will will take place in West Macedonia. This new environmentally friendly transition try a key pillar of the National Recuperation and you will Strength Package, ‘Greece 2.0′, which is currently in progress. Actually, during these a down economy, where around the world community face unprecedented challenges, over €11 billion have already entered the official coffers from this valuable advancement strategy.”
Georgios Stassis, Chairman and President away from Pay per click: “Brush energy is in the centre of PPC’s strategic think having the development of renewable energy tactics, stores technology and you may green hydrogen. I am believing that renewables combined with storage innovation have a tendency to function brand new central source of one’s energy system next a decade international. I continue to dedicate by themselves during the renewable energy programs, and inside venture having good partners, including RWE. The development of the huge solar pv projects in the Western Macedonia reveals all of our commitment to the power changeover off each other Ppc and you can Greece, while you are as well giving support to the character out of Western Macedonia given that energy centre of the country.”
Markus Krebber, President regarding RWE AG: “As the RWE we have been highly dedicated to forge to come the latest expansion from sustainable efforts. Our company is thinking about how well all of our commitment which have Ppc Renewables are progressing. This present year we are going to begin to build 
four high-scale solar facilities to help with the ability transition when you look at the Greece – one of the sunniest europe. Referring to only the beginning – we have been waiting around for working with Ppc to develop significantly more photovoltaic strategies in the country.”
The latest solar power farms having a complete ability of approximately 210 MWp (175 MWac) can be found in the Western Macedonia part in the north regarding Greece, from inside the boundaries of the previous Amynteo open-pit lignite exploit. Design job is planned to begin with during the spring season. All of the five methods are going to be completely operational towards the end regarding Q1/2024. Meton Energy S.An excellent. features closed bilateral fuel purchase plans (PPAs) out-of intervals varying anywhere between 10 and fifteen years which have businesses, that will choose the eco-friendly strength developed by the fresh new solar power farms. Into the complete €180 billion resource from the five solar projects, €ninety million of Eu – NextGenerationEU finance was secured via the Recuperation and you can Strength Facility (RRF) package “Greece dos.0” along with commercial financial obligation capital (co-financing) away from €54 billion from Eurobank S.A great. and Leader Lender S.A good., also €thirty six million off investors security. The credit was at the mercy of monetary close.