EuroEnergy signs the EPC for the construction of 3.8MW solar plant in Greece
20 Jul 2011
EuroEnergy has announced the completion of the financing and EPC negotiations to construct 3.8MW in Thrace, Greece. The project is part of EuroEnergy’s solar licenses portfolio in Greece and is the second project it will build and own, following the earlier completion of its pilot 100KW project in Kilkis.
“We are delighted that despite the Greek economic crisis and the huge difficulties in financing encountered as a result, we have managed to successfully secure the required funds to proceed with the completion of our projects”, said Christos Reveliotis, CEO. “This project is significantly bigger than our earlier project and is one of the biggest solar parks built in Greece so far. As such it will make significant contributions to the country’s renewable energy targets and will also help its economy in this difficult current phase.”
Once built, the project will generate 5.400.000 KWh of green energy annually, enough to power 1800 homes.
With an active presence in the country since 2008, EuroEnergy has established a portfolio of wind and solar operating assets and a strong local management team with deep knowledge of the local renewables industry and excellent hands-on capabilities in developing and operating wind and solar assets.
EuroEnergy is committed to increasing its presence and investments in the Greek Renewable energy market and contribute to the growth of the Greek economy.