PPC is rapidly proceeding with its green transformation and as the president and CEO George Stassis announced, 80% of the RES projects that it has set as a goal to be completed by 2026 have been licensed.
Thus, the company will be able to publish tenders for the construction of photovoltaic, wind, hydroelectric, etc. clean energy systems with a power of 4 GW out of the total of 5 GW that it wants to operate within four years.
However, the PPC’s first big step, which currently operates RES with a capacity of only 239 MW, is taking place this year. According to the data presented by the management to analysts during yesterday’s teleconference, by year’s end\ will reach half a GW. To be more precise, it will be at 489 MW.
More specifically, by the end of the year, 290 MW power projects will have been put into operation. These are the under construction photovoltaic “Solar Arrow 1” with a capacity of 200 MW in Ptolemaida and the “Arcadian Sun I-II” with a capacity of 50 MW in Megalopolis. Also, the construction of the Small Hydroelectric Power Plant in Smokovo, Karditsa, with a capacity of 3.2 MW and two photovoltaic parks in western Macedonia with a capacity of 15 MW, each, have been completed.
The 4 GW portfolio
RES projects with a capacity of 4 GW have completed licensing procedures.
More specifically, 1,796 GW projects have received environmental permits and are awaiting the conditions for connection to the network, while 2.2 GW projects have received binding conditions for connection to the network.
Out of the total of 4 GW, almost 3.9 GW are photovoltaic, 72.5 MW wind, 20 MW small hydroelectric, and 25 MW biomass projects.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
