The Delfini solar PV facility will be developed in Greece’s Prosotsani Drama region.
It is said to be the country’s first solar project to utilise a private power purchase agreement (PPA) and not benefit from any kind of government subsidies on electricity costs.
Cero Generation CEO Marta Martinez Queimadelos said: “We are delighted to be partnering with Ameresco and Sunel Group on this landmark project.
“Against the backdrop of an ongoing energy crisis, we’re helping to deliver cheaper, cleaner power across the country and supporting the government’s ambitious transition goals.
“This project is an important step in the expansion of Cero’s Greek portfolio and one of many market-leading projects in our pipeline.”
Construction works are currently underway at the site and the Delfini facility is expected to be completed by the third quarter of next year.
Once completed, the project will have the capacity to generate 142GWh of renewable energy and offset 63,000t of carbon dioxide emissions a year.
The joint company Ameresco SUNEL Energy is responsible for the engineering, procurement and construction (EPC) aspects of the solar PV project.
Sunel Group CEO Konstantinos Zygouras said: “Sunel Group’s collaboration with Cero and Ameresco on the ‘Delfini’ project is an important milestone, as it gives us the opportunity to leave our footprint in yet another important photovoltaic project.
“Cero is a valuable partner for us. Our commitment is to successfully deliver the Delfini project, on time and with high quality, thus strengthening our collaboration for its future projects.”
Cero has also announced that it has achieved financial close for the Delfini project.
Based in London, the company works across Europe to support the transition to a net-zero future.