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November 26, 2021

RWE and PPC Greece Solar PV Park 2, Greece

By Carmen

RWE and PPC Greece Solar PV Park 2 is a 940MW solar PV power project. It is planned in West Macedonia, Greece. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 940 940 Announced West Macedonia, Greece PPC Renewables; RWE Renewables

Description

The project is being developed and currently owned by PPC Renewables and RWE Renewables. The company’s ownership stake in the project stands as 51% and 49% respectively.

RWE and PPC Greece Solar PV Park 2 is a ground-mounted solar project.

The project cost is expected to be around $1,493.171m.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

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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