Connection

popular articles

Adani Group Accelerates Its Global Expansion with 10 GW of Hydroelectric Projects
The United States bets on geothermal energy to meet growing energy demand
New gas price increase: +11.7% for French households
ACWA Power acquires energy assets in Kuwait and Bahrain for $693 million
French court suspends wind farm after death of golden eagle

RWE and PPC approve €418mn investment for two solar projects in Greece

RWE and PPC are launching two photovoltaic projects in Central Macedonia totalling 567 MWp, with an investment of €418mn, including €175mn from the European recovery plan.

Please share:

Meton Energy S.A., a joint venture between RWE Renewables Europe & Australia (51%) and PPC Renewables (49%), has confirmed the final investment decision for the construction of two large-scale solar parks located in Central Macedonia, northern Greece. The photovoltaic plants of Kotyli and Neo Syrakio will have a combined capacity of 567 megawatt-peak (MWp), equivalent to 518 megawatts alternating current (MWac). Construction is expected to begin in spring 2025, with commissioning scheduled for 2027.

Financial structure and contractual agreements

The total investment for the two projects is estimated at €418mn, of which €175mn will be allocated via the European recovery plan “Greece 2.0”, backed by the NextGenerationEU programme. The remaining €243mn is being financed through €169mn in commercial debt provided by Greek banks, complemented by shareholder equity contributions. Ten-year Power Purchase Agreements (PPAs) have been signed with Public Power Corporation (PPC) and RWE Supply & Trading for the sale of the generated electricity.

Progress of projects in Western Macedonia

Meton Energy S.A. is also overseeing a portfolio of nine separate photovoltaic projects within the former open-cast lignite mine of Amynteo, located in Western Macedonia. To date, five solar farms with a combined capacity of 210 MWp are already operational, while construction of a sixth project totalling 105 MWp has been completed and is awaiting grid connection. An additional three solar farms, amounting to 625 MWp, are expected to be commissioned before the end of 2025.

Expansion of the solar portfolio

Altogether, the solar projects implemented in the former mining area of Amynteo reach a capacity of 940 MWp (870 MWac). These initiatives are part of the energy diversification strategy of both partners, thereby strengthening their footprint in the Greek market. According to estimates, the annual energy output from the new installations in Central Macedonia will be sufficient to meet the electricity needs of over 140,000 households.

Register free of charge for uninterrupted access.

Publicite

Latest news

Clearway invests $60mn in wind with acquisition of Tuolumne project
Up to 3.5 million m³ of gas redirected to Brazil’s spot market in 2025
Energy Fuels sets uranium production record at Pinyon Plain mine
TC Energy invests CA$2.4bn in nuclear and natural gas
Air Products posts $1.7bn net loss and exits three US projects

Recently published in

Swift Current activates 800 MW solar park in Illinois, the largest east of the Mississippi

Swift Current Energy’s Double Black Diamond project is now operational, becoming the largest solar facility in the region with 800 MW capacity and a supply contract including the City of Chicago.
Panasonic exits residential solar despite continued public support for the sector
Panasonic has permanently ended its residential solar and storage activities, while continuing to publicly promote these technologies, raising questions about the coherence of its strategy.
en_1140290978540
Panasonic exits residential solar despite continued public support for the sector
Panasonic has permanently ended its residential solar and storage activities, while continuing to publicly promote these technologies, raising questions about the coherence of its strategy.
en_1140290978540
ENNA Solar acquires 87.5 MW solar project in Romania for €60mn
Croatian ENNA Solar acquires an 87.5 MW solar project in Romania from Kraftfeld Energy and plans to start construction in the third quarter of 2025.
en_1140290954540-16
ENNA Solar acquires 87.5 MW solar project in Romania for €60mn
Croatian ENNA Solar acquires an 87.5 MW solar project in Romania from Kraftfeld Energy and plans to start construction in the third quarter of 2025.
en_1140290954540-16
Qatar doubles its solar capacity with Ras Laffan and Mesaieed inaugurated
Qatar inaugurated two photovoltaic plants totalling 875 MW, doubling its solar capacity and strengthening its energy goals for 2030.
en_1140290944540-19
Qatar doubles its solar capacity with Ras Laffan and Mesaieed inaugurated
Qatar inaugurated two photovoltaic plants totalling 875 MW, doubling its solar capacity and strengthening its energy goals for 2030.
en_1140290944540-19

Solaria signs 10-year agreement with Trafigura for solar energy supply

Solaria has signed a ten-year Power Purchase Agreement with Trafigura for 1 TWh of solar energy from the Cifuentes-Trillo photovoltaic complex in Spain.
Axpo and EDF Renewables sign a short-term PPA for two solar plants in Greece
Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement for the output of two solar plants in Greece, with a total capacity of 102 megawatts.
en_1140290945540-16
Axpo and EDF Renewables sign a short-term PPA for two solar plants in Greece
Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement for the output of two solar plants in Greece, with a total capacity of 102 megawatts.
en_1140290945540-16
TotalEnergies ENEOS installs a 28 MWp solar power plant at Samsung site in Vietnam
TotalEnergies ENEOS has launched its largest rooftop solar project in Vietnam to supply Samsung Electronics HCMC CE Complex operations in Ho Chi Minh City.
en_1140290993540
TotalEnergies ENEOS installs a 28 MWp solar power plant at Samsung site in Vietnam
TotalEnergies ENEOS has launched its largest rooftop solar project in Vietnam to supply Samsung Electronics HCMC CE Complex operations in Ho Chi Minh City.
en_1140290993540
US solar industry to add 502 GWdc of capacity by 2035
The US solar industry is expected to add 502 GWdc of capacity to the market by 2035. However, political uncertainty could jeopardize these projections, putting future investments at risk.
en_1140290967540-5
US solar industry to add 502 GWdc of capacity by 2035
The US solar industry is expected to add 502 GWdc of capacity to the market by 2035. However, political uncertainty could jeopardize these projections, putting future investments at risk.
en_1140290967540-5

The UK seeks to ban the purchase of Chinese solar panels linked to forced labour

The UK government has introduced an amendment aimed at preventing its public company from buying components linked to forced labour, which could impact the supply of Chinese solar panels.
CATL unveils revolutionary electric vehicle batteries, paving the way for a new energy era
CATL introduced several innovative batteries for electric vehicles, including the Naxtra, the first series-produced sodium-ion battery, and the Freevoy, marking the entry into the era of multiple power sources.
en_1140290944540-16
CATL unveils revolutionary electric vehicle batteries, paving the way for a new energy era
CATL introduced several innovative batteries for electric vehicles, including the Naxtra, the first series-produced sodium-ion battery, and the Freevoy, marking the entry into the era of multiple power sources.
en_1140290944540-16
Meyer Burger introduces short-time work at Thalheim due to material shortages
Meyer Burger announces the introduction of short-time work at its Thalheim site starting May 1, 2025, affecting 300 employees due to temporary material shortages required for solar cell production.
en_1140290957540-11
Meyer Burger introduces short-time work at Thalheim due to material shortages
Meyer Burger announces the introduction of short-time work at its Thalheim site starting May 1, 2025, affecting 300 employees due to temporary material shortages required for solar cell production.
en_1140290957540-11
Morocco restarts Noor Ouarzazate III solar plant after more than a year of shutdown
After a one-year interruption, the Noor Ouarzazate III solar plant, with a capacity of 150 MW, has been brought back into operation by the Masen group. This event highlights Morocco's ambitions in renewable energy and energy transition.
en_1140290955540-13
Morocco restarts Noor Ouarzazate III solar plant after more than a year of shutdown
After a one-year interruption, the Noor Ouarzazate III solar plant, with a capacity of 150 MW, has been brought back into operation by the Masen group. This event highlights Morocco's ambitions in renewable energy and energy transition.
en_1140290955540-13

Algeria and LONGi discuss industrial partnership for solar panel production

Algeria explores a partnership with Chinese giant LONGi to launch local solar panel production. This initiative is part of the country's energy diversification strategy.
Washington plans up to 3,521% tariffs on Southeast Asian solar panels
The United States plans to impose heavy tariffs on solar panels from four Asian countries, citing transnational subsidies supported by China.
en_1140290956540-11
Washington plans up to 3,521% tariffs on Southeast Asian solar panels
The United States plans to impose heavy tariffs on solar panels from four Asian countries, citing transnational subsidies supported by China.
en_1140290956540-11
Das Solar invests €109mn in photovoltaic plant in France
Chinese group Das Solar begins construction of its first European factory in Mandeure, with an initial 2 GW capacity and the planned creation of 600 jobs.
en_1140290947540-13
Das Solar invests €109mn in photovoltaic plant in France
Chinese group Das Solar begins construction of its first European factory in Mandeure, with an initial 2 GW capacity and the planned creation of 600 jobs.
en_1140290947540-13
EDP Strengthens Its Presence in Germany with a Second Major Solar Project
EDP (Energias de Portugal) expands its German portfolio with a second 65 MWp photovoltaic complex. Carried out with Kronos Solar EDPR, this initiative supplies nearly 22,000 households and marks a step forward in its European growth strategy.
en_1140290943540-9-1
EDP Strengthens Its Presence in Germany with a Second Major Solar Project
EDP (Energias de Portugal) expands its German portfolio with a second 65 MWp photovoltaic complex. Carried out with Kronos Solar EDPR, this initiative supplies nearly 22,000 households and marks a step forward in its European growth strategy.
en_1140290943540-9-1

Recurrent Energy commissions 127 MW solar park in Louisiana

Recurrent Energy launched operations of a 127 MW solar site in Louisiana, marking a strategic first entry into a state with strong industrial energy demand.
Voltalia and Entech to build 90 MWh solar power plant with storage in Senegal
AXIAN Energy has entrusted Voltalia and Entech with the development of a 60 MW solar plant combined with 90 MWh storage in the Kolda region, scheduled to be operational by 2026.
en_1140290944540-13
Voltalia and Entech to build 90 MWh solar power plant with storage in Senegal
AXIAN Energy has entrusted Voltalia and Entech with the development of a 60 MW solar plant combined with 90 MWh storage in the Kolda region, scheduled to be operational by 2026.
en_1140290944540-13
Atlas Renewable signs deal to supply 24 MW of solar power to Chlorum Solutions
Atlas Renewable Energy has signed a power purchase agreement with Chlorum Solutions to power its chemical operations in Brazil with 24 MW of solar energy from the Draco complex.
en_1140290953540-11
Atlas Renewable signs deal to supply 24 MW of solar power to Chlorum Solutions
Atlas Renewable Energy has signed a power purchase agreement with Chlorum Solutions to power its chemical operations in Brazil with 24 MW of solar energy from the Draco complex.
en_1140290953540-11
Kosol Energie commissions 10 MW solar plant in Gujarat with GoodWe
Kosol Energie has completed a 10 MW solar power plant in the Kutch desert, relying on GoodWe inverters to optimise energy output under extreme climate conditions.
en_1140290946540-12
Kosol Energie commissions 10 MW solar plant in Gujarat with GoodWe
Kosol Energie has completed a 10 MW solar power plant in the Kutch desert, relying on GoodWe inverters to optimise energy output under extreme climate conditions.
en_1140290946540-12

Catalyze secures $85 million in tax equity investment from RBC to advance solar projects in the United States

Catalyze has secured an $85 million tax equity investment from RBC to support the development of 75 MW of commercial and community solar projects across the United States by the end of 2025.
Syncarpha Capital commissions seventh community solar project in Maine
The New York-based developer has received permission to operate Troy Solar I, a 995 kW power plant connected to the Central Maine Power grid.
en_1140290950540-9
Syncarpha Capital commissions seventh community solar project in Maine
The New York-based developer has received permission to operate Troy Solar I, a 995 kW power plant connected to the Central Maine Power grid.
en_1140290950540-9
ES Foundry signs 150 MW contract with US community solar developer
US manufacturer ES Foundry has signed a three-year, 150 MW supply agreement with a community solar developer to reinforce its domestic supply chain and support the expansion of the solar market in the United States.
en_1140290948540-10
ES Foundry signs 150 MW contract with US community solar developer
US manufacturer ES Foundry has signed a three-year, 150 MW supply agreement with a community solar developer to reinforce its domestic supply chain and support the expansion of the solar market in the United States.
en_1140290948540-10
Ethiopian Prime Minister visits TOYO solar site in Vietnam to support African expansion
The Ethiopian Prime Minister’s visit to TOYO’s factory in Vietnam signals a new phase in energy cooperation with the Japanese group, focusing on industrial expansion in Ethiopia.
en_1140290966540-4
Ethiopian Prime Minister visits TOYO solar site in Vietnam to support African expansion
The Ethiopian Prime Minister’s visit to TOYO’s factory in Vietnam signals a new phase in energy cooperation with the Japanese group, focusing on industrial expansion in Ethiopia.
en_1140290966540-4

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS