Metlen Energy & Metals has signed a 10-year power purchase agreement to supply Coca-Cola Tria Epsilon with electricity from a new 12 MW solar project in Greece.
The photovoltaic plant, being developed at Mikro Perivolaki near Velestino in Magnesia, is expected to generate around 16.5 GWh annually. Its entire output will be supplied to Coca-Cola Tria Epsilon under the bilateral agreement.
The contract provides the beverage producer with another long-term renewable electricity source as it works towards the wider Coca-Cola HBC group’s net-zero target for 2040.
For Metlen, the agreement expands a growing portfolio of corporate renewable supply contracts. The company operates around 500 MW of renewable capacity in Greece, while its global portfolio of completed and ongoing projects totals about 11.4 GW.
The deal also reflects wider growth in corporate PPAs in Greece as industrial and commercial consumers seek longer-term power-cost visibility while renewable developers use contracted revenues to support financing and reduce merchant-market exposure.
