Mytilineos Group has started the construction of 200 MW solar power plant in Kozani in northern Greece, a project developed by PPC Renewables, a renewables arm of Public Power Corporation.
Last December, the company selected METKA, a part of Mytilineos Group, as the contractor for the construction of the plant, which is a part of a larger project which includes the construction of solar parks in Kozani with total power output of 230 MW. Estimated cost of the project is 130 million euros, of which 110 million is related to the 200 MW power plant. Previously in May, PPC Renewables awarded two contracts for the construction of 15 MW solar power plants in Kozani to METKA and Terna, which has already completed.
The solar project, worth 87 million euros, will stretch over 500 hectares and will be comprised of bifacial panels with single-axis trackers. The facility will have an annual production of 352 GWh of electricity, enough to cover the needs of approximately 75,000 households. PPC Renewables has secured a tariff of 49.11 euros/ MWh for the project. The plant should be completed within 42 months.
In early 2020, PPC Renewables announced that it is planning to build large scale solar projects at its depleted lignite fields in West Macedonia and near Megalopoli, in the Peloponnese. The company already submitted applications to Greek Regulatory Authority for Energy (RAE) for solar power production permits, with a total capacity of some 1,500 MW. Thus, PPC Renewables would increase its portfolio to up to 4.5 GW.