Greece, PPC Renewables launched tender for 550 MW solar project

, SEE Energy News

PPC Renewables, a renewable subsidiary of Greek state-controlled power utility, has launched a tender for the construction and commissioning of 550 MW solar power plant at the former Ptolemaida coalmine in northwestern Greece.

According to tender documentation, the project’s cost is estimated to 216 million euros, without VAT. The cost also does not include equipment procurement.

The contractor is required to carry out the project study, construction, procurement, transportation and installation of other equipment through to commissioning of the facility as well as the construction and repair of connections to the grid, including substations. The deadline for bids submission is 30 September.

PPC Renewables is aiming for 7.2 GW in installed RES capacity by 2024 and 9.1 GW by 2026, an investment initiative worth 8.4 billion euros.

In June, PPC Renewables has agreed the acquisition of electricity supplier’s Volterra renewable energy portfolio, consisting of 112 MW in solar and wind projects, both under development and in operation.

Also in June, PPC Renewables became a minority partner in a joint venture with local construction company Cantreva Group aimed to develop 1.31 GW in 13 solar projects in Greece.