Next year, a German-Austrian joint venture will construct 12 clusters around the country
Next year, the German-Austrian joint venture STEAG Solar Energy Solutions (SENS) will begin construction of 480MW of PV parks in Greece.
Greece, according to SENS, has perfect conditions for regenerative energy generation utilizing photovoltaics, with 348 days and 2,800 hours of sunlight each year.
The program, which is being implemented in collaboration with the Vienna-based LSG Group, will consist of twelve project clusters with a total of 25 sub-projects.
SENS will serve as the project developer and will be in charge of the systems’ development, construction, and operations and maintenance.
Green Source and Core Value Capital, two long-term finance partners, are also participating.
“We are happy to be able to contribute to the reorganization of the energy business and therefore to CO2 reductions in Greece alongside our partners,” SENS head of project development Christian Kleinhans stated.
“By developing new solar projects, we’re expanding on operations that have been ongoing in Greece since 2010, and we’d like to deepen our long-term partnership.”
The Greek government wants to make more use of the country’s vast PV potential and substantially progress the energy transition within this decade, and SENS thinks the political environment is ready to start the project.
The growth of wind power and solar facilities is likely to be expedited with the implementation of a National Energy and Climate Plan (NECP), after the country was previously largely reliant on fossil fuels.
A lot has transpired in the previous decade in terms of growing renewable energies, although it has done slowly at initially due to the country’s economic position and a lack of investment.
Greek policy aims to bring the country’s greenhouse gas emissions to zero by the year 2050.
By 2030, Greece is anticipated to have developed around 10GW of wind and solar power facilities.