| Work Detail |
RWE and PPC are reinforcing their commitment to Greece’s energy transition through their joint venture, Meton Energy S.A., which has just reached a final investment decision on two major photovoltaic (PV) projects in Central Macedonia, Northern Greece. The solar farms—Kotyli and Neo Syrakio—will have a combined capacity of 567 MWp (518 MWac), with construction scheduled to begin this spring and commissioning expected in 2027. Once operational, the projects are projected to generate enough renewable electricity to power over 140,000 households annually. To support the development, Meton Energy S.A. has signed 10-year bilateral Power Purchase Agreements (PPAs) with PPC and RWE Supply & Trading, securing offtake for the green energy produced. The total investment of €418 million is being financed through a mix of €175 million from the European Union’s Recovery and Resilience Facility (RRF) under the “Greece 2.0” plan, €169 million in commercial debt, and contributions from the shareholders. RWE Renewables Europe & Australia (holding 51%) and PPC Renewables (49%) have already energized five solar farms totaling 210 MWp and completed construction of a sixth project, bringing the completed capacity to 315 MWp. Another three projects, totaling 625 MWp, are expected to be operational by the end of 2025. Altogether, these nine solar farms represent 940 MWp (870 MWac) of renewable capacity, located in Western Macedonia on the site of the former Amynteo lignite mine—symbolizing a key step in Greece’s transition from coal to clean energy. Katja Wünschel, CEO RWE Renewables Europe & Australia said, “With our latest investment decision, we underpin once again our strong commitment to the Greek market with now roughly 1.5 gigawatts of solar capacity in deployment. This great achievement is the result of the excellent cooperation between the teams involved at RWE and PPC. Together we are accelerating the energy transition in Greece.” Konstantinos Mavros, CEO of PPC Renewables added, “In Central Macedonia we are creating a new and sustainable future. Our cooperation with RWE has proven to be an excellent demonstration of what we can do when we work together. Both our current projects in the old lignite mines in Amyntaio and the new investment in Central Macedonia, mean more new jobs both in construction and operation phases, and a promise for sustainable growth and a brighter future for Greece.” Costas Papamantellos, CEO of RWE Renewables Hellas and CEO of Meton Energy S.A. commented, “We are delivering our solar projects at an impressive pace. The first cluster of the Amynteo portfolio is already energised, construction works for Amynteo Clusters II and III are at an advanced stage and we are looking forward to connecting all projects to the grid this year. By taking this FID we have laid the ground for our next two large-scale photovoltaic projects in Greece, which will contribute to reach the country’s climate goals.” |
