Connection

popular articles

Australian Carbon Credits Surge: A Market Under Pressure in 2025
Agreement with ib vogt for a 50 MWp solar park in Bangladesh
China and the Future of Coal: A Plateau at 8.77 Billion Tonnes by 2027
Huasun and ITRAMAS launch 1.5 GW solar projects in Malaysia to accelerate the energy transition
Ukraine stops Russian gas transit, but to what effect?

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.
  • [favorite_button]

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

Brussels wants to impose a six-month maximum for energy permits
The EU Maintains Its Goal to Ban Russian Gas Imports, Even After a Potential Peace Deal
New agreement to strengthen energy cooperation in the Baltic Sea region
Spain investigates blackout that removed 15 GW in five seconds
EU delays classification of nuclear hydrogen as “low-carbon” fuel

Recently published in

AfDB approves €26.5mn for a 62 MWp solar power plant in Togo

The project, co-financed by Proparco and led by EDF, involves a solar power plant in Sokodé aimed at boosting Togo’s energy output and attracting new private investments.
Konexa, Norfund and CFM invest $3.6mn in solar energy in Nigeria
Konexa, Norfund and Climate Fund Managers will invest $3.6mn to develop a 50MW solar plant and expand industrial power grids in Nigeria.
en_1140290945540-6
Konexa, Norfund and CFM invest $3.6mn in solar energy in Nigeria
Konexa, Norfund and Climate Fund Managers will invest $3.6mn to develop a 50MW solar plant and expand industrial power grids in Nigeria.
en_1140290945540-6
BOOM Power’s 400 MW solar project receives final approval in the UK
The UK government granted development consent to the East Yorkshire Solar Farm led by BOOM Power, confirming its status as a Nationally Significant Infrastructure Project.
en_1140290944540-6
BOOM Power’s 400 MW solar project receives final approval in the UK
The UK government granted development consent to the East Yorkshire Solar Farm led by BOOM Power, confirming its status as a Nationally Significant Infrastructure Project.
en_1140290944540-6
Grid Africa and TCL Solar launch distributed solar projects in Zambia and Zimbabwe
The two companies join forces to deploy battery-backed solar systems in two Southern African countries, leveraging existing infrastructure to accelerate implementation.
en_1140290947540-5
Grid Africa and TCL Solar launch distributed solar projects in Zambia and Zimbabwe
The two companies join forces to deploy battery-backed solar systems in two Southern African countries, leveraging existing infrastructure to accelerate implementation.
en_1140290947540-5

Next2Sun secures European exclusivity for Huasun’s bifacial solar modules

German group Next2Sun signs an agreement with Chinese manufacturer Huasun Energy to become the exclusive European distributor of ultra-high bifaciality solar modules for vertical photovoltaic systems.
Pivot Energy raises $200mn for 144 MWdc community solar portfolio
Pivot Energy has secured a $200mn tax credit purchase commitment to finance 40 community solar projects across eight U.S. states.
en_1140290959540-3
Pivot Energy raises $200mn for 144 MWdc community solar portfolio
Pivot Energy has secured a $200mn tax credit purchase commitment to finance 40 community solar projects across eight U.S. states.
en_1140290959540-3
LONGi signs strategic agreement with ENGIE to supply solar projects in the Middle East and North Africa
LONGi will supply its Hi-MO 9 solar modules to ENGIE for large-scale projects in the MENA region, marking a new phase in industrial adoption of back contact technology.
en_1140290951540-3
LONGi signs strategic agreement with ENGIE to supply solar projects in the Middle East and North Africa
LONGi will supply its Hi-MO 9 solar modules to ENGIE for large-scale projects in the MENA region, marking a new phase in industrial adoption of back contact technology.
en_1140290951540-3
Hydro-Québec commits to 3,000 MW in solar with an initial 300 MW call
Hydro-Québec launches a 300 MW call for interest to initiate an investment plan targeting 3,000 MW of solar by 2035, marking a new strategic direction for the state-owned utility.
en_1140290949540-2
Hydro-Québec commits to 3,000 MW in solar with an initial 300 MW call
Hydro-Québec launches a 300 MW call for interest to initiate an investment plan targeting 3,000 MW of solar by 2035, marking a new strategic direction for the state-owned utility.
en_1140290949540-2

Quebec launches call for projects to boost solar energy production

The Quebec government announces a new solar energy initiative, partially addressing a proposal submitted by the opposition in 2024.
EDP Renewables invests in 200 MW solar and 150 MW storage in California
EDP Renewables North America strengthens its presence in the Central Valley with a new solar and storage project, bringing its California portfolio to over 1.1 GW.
en_1140290947540-2
EDP Renewables invests in 200 MW solar and 150 MW storage in California
EDP Renewables North America strengthens its presence in the Central Valley with a new solar and storage project, bringing its California portfolio to over 1.1 GW.
en_1140290947540-2
Cypress Creek launches 104MW solar project with $150mn funding in the United States
Cypress Creek Renewables secured $150mn in financing to begin construction of a 104MW solar park in Washington State, with commissioning expected by mid-2026.
en_1140290959540
Cypress Creek launches 104MW solar project with $150mn funding in the United States
Cypress Creek Renewables secured $150mn in financing to begin construction of a 104MW solar park in Washington State, with commissioning expected by mid-2026.
en_1140290959540
SkyFire Energy reaches 10 MW installed with Jayman BUILT and targets new projects
SkyFire Energy achieves 10 MW of installed solar capacity in partnership with Jayman BUILT and launches a new donation cycle to associations, including Discovery House in Calgary.
en_1140290958540
SkyFire Energy reaches 10 MW installed with Jayman BUILT and targets new projects
SkyFire Energy achieves 10 MW of installed solar capacity in partnership with Jayman BUILT and launches a new donation cycle to associations, including Discovery House in Calgary.
en_1140290958540

DESRI and Ranger Power secure financing for two 290 MW solar projects in the United States

Two solar plants developed in Michigan by DESRI and Ranger Power enter construction phase after securing financing from a banking consortium.
US solar tariffs redirect supply flows to Southeast Asia
The US announcement of tariffs exceeding 3,500% on Southeast Asian solar panels is pushing manufacturers to shift focus toward high-potential regional markets.
en_1140290981540-2
US solar tariffs redirect supply flows to Southeast Asia
The US announcement of tariffs exceeding 3,500% on Southeast Asian solar panels is pushing manufacturers to shift focus toward high-potential regional markets.
en_1140290981540-2
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.
en_1140290943540-14
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.
en_1140290943540-14
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.
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.
en_1140290963540-10
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.
en_1140290963540-10
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

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.
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.
en_1140290951540-14
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.
en_1140290951540-14
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

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS