Friday, 10 February 2023 17:00

Greek gas supplier to build solar power plants of 550 MW in total

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Companies in Greece's fossil fuel industry are investing in green energy. Motor Oil and Public Power Corp. or PPC have formed a green hydrogen joint venture, Hellenic Petroleum has changed its name to HELLENiQ Energy to mark its entry into an era of sustainability, and DEPA Commercial is preparing a tender to select the company that will build its first solar power plant. DEPA Commercial intends to sell electricity, including gas and electricity, to Fysiko Aerio – Hellenic Energy Co. through bilateral power purchase agreements (PPAs). The plan is to have the solar farm come online in 2025. Hellenic Petroleum operates the largest solar power plant in Greece with an installed capacity of 205 MW, while PPC Renewables is building and developing large stand-alone photovoltaic plants. DePA Commercial has another 150 MW of photovoltaics in the project pipeline awaiting grid connection conditions.

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