MYTILINEOS Energy & Metals and KARATZIS SA in Greece have entered into a 210 MW long-term PPA for the energy generated by a 262 MW solar portfolio. This agreement allows MYTILINEOS to access 80% of the green energy produced. The portfolio comprises 35 solar projects in Larissa prefecture, with a total budget of USD 180 million, developed by KARATZIS. Anticipated to be operational by the third quarter of 2024, these solar farms are projected to generate 380 GWh annually, equivalent to the energy consumption of 97,000 households in Greece and expected to reduce approximately 162,000 tonnes of CO2 emissions each year.
MYTILINEOS and KARATZIS sign 210 MW solar PPA
The long-term solar PPA between MYTILINEOS and KARATZIS is set to be operational in the third quarter of 2024. (Image Credit: Pexels)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)