The investment plan of “PPC Renewables” for the big goal of the portfolio in RES projects with a capacity of 1.5 GW within three years is moving rapidly.
According to information, the subsidiary of the PPC group has already completed projects with a capacity of 30 MW, which it has been using since the summer of 2019.
This is the reconstruction (repowering) of 16 MW wind farms on the islands of Kefalonia, Crete, and Lemnos. In fact, the most emblematic and complex project is that of Cephalonia with a capacity of 9.2 MW for which the facelift started last year at such a time and ended without facing delays from the Covid-19 pandemic. The specific project also included construction works of an aerial electrical network with a length of 10 km.
PPC Renewables. has set a goal of repowering 22 wind turbines in a total of 10 projects that were abandoned on islands. Of these, as mentioned above, it completed the 16 MW wind farms.
Moreover, the company, according to the same sources, completed part of the large cluster of 230 MW photovoltaic power in Kozani. This is a 15 MW project undertaken and constructed by Mytilineos, while another 15 MW that is being built by GEK TERNA will be completed by the Autumn. The large photovoltaic system worth 110 million euros is expected to be completed in November 2022.
PPC IF after the completion of the 30 MW works in Western Macedonia and 16 MW in the three islands is expected to meet its first target of operating RES supplying 250 MW. This is followed by the one delivering 500 MW around December 2022 after the end of the whole cluster of 230 MW photovoltaics in Kozani.
And now what remains is the leap of 1.5 GW from RES in three years, by 2024.
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