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January 12, 2022

Loutsa Solar PV Park, Greece

By Carmen

Loutsa Solar PV Park is a 60MW solar PV power project. It is planned in Central Greece, Greece. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 60 60 Permitting Central Greece, Greece Heliothema Energy

Description

The project is being developed and currently owned by Heliothema Energy.

Loutsa Solar PV Park is a ground-mounted solar project which is planned over 82 hectares.

The project cost is expected to be around $95.3m.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2022.

Power Purchase Agreement

The power generated from the project will be sold to The Regulatory Authority for Energy under a power purchase agreement. The power will be sold at the rate of $0.059kWh for a period of 20 years. The capacity to be procured is 60MW.

Contractors Involved

Mytilineos is expected to render EPC services for the solar PV power project.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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