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January 25, 2022

Megalopolis Solar Park, Greece

By Carmen

Megalopolis Solar Park is a 50MW solar PV power project. It is planned in Peloponnese, Greece. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Permitting Peloponnese, Greece GEK TERNA Group of Companies; PPC Renewables

Description

The project is being developed by GEK TERNA Group of Companies and PPC Renewables. The project is currently owned by PPC Renewables.

Megalopolis Solar Park is a ground-mounted solar project which is planned over 2,000 acres.

The project is expected to generate 65,000MWh electricity and supply enough clean energy to power 13,750 households. The project cost is expected to be around $136.063m.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

Contractors Involved

Yingli Solar (China) will be the supplier of PV modules for the solar power project.

About GEK TERNA Group of Companies

GEK TERNA Group of Companies (GEK TERNA) is a construction company. The company’s business activities include construction, renewable energy, thermal energy, real estate, waste management, mining and road concession. It offers services such as real estate development and management, metal construction, financing, management and commercial exploitation of concession projects. GEK TERNA constructs and develops railway and highway networks, office buildings, commercial and business centers, entertainment and leisure centers, hospitals, museums, resorts, hydro-electric plants, dams, harbours and industrial facilities. The company has operations in Central and South Eastern Europe, the US, North Africa and Middle East countries. GEK TERNA is headquartered in Athens, Greece.

About PPC Renewables

PPC Renewables SA (PPCR), a subsidiary of Public Power Corporation SA, is a power generation company that generates, transmits and distributes electricity through renewable energy resources. The company generates power by utilizing wind power, solar power, hydroelectric power, geothermal power and hybrid power, among others. It owns and operates wind farms, hydroelectric plants and photovoltaic plants. PPCR generates electric power for commercial utilization. The company serves various power utility companies across Greece. It also has operations in Romania and Balkans region. PPCR is headquartered in Attica, Greece.

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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