Skip to main content

RWE and PPC will create a JV to develop 2 GW of solar projects in Greece

The Greek state-owned power utility Public Power Corporation (PPC) will create a joint venture with RWE to develop solar PV projects with a total capacity of 2 GW in Greece. RWE would hold a 51% in the joint venture, and PPC the remaining 49% stake.

In March 2020, RWE had already signed a Memorandum of Understanding (MoU) with PPC to cooperate on the development of renewable projects in Greece. RWE intends to invest €1bn in the Greek renewable market by 2025. As part of the preliminary deal, RWE would participate in over 2 GW of solar projects developed by PPC near its mines in Ptolemaida (Western Macedonia). In addition, the company is interested in helping PPC to transform some of its lignite-fired units into biomass-fired plants.

In December 2019, PPC decided to stop operating all of its existing lignite-fired power plants by 2023, i.e., five units at the Agios Dimitrios lignite-fired power plant (around 1.5 GW), two units at Amynteo (nearly 600 MW), Meliti (289 MW), all four Kardia units (1,250 MW), and the two Megalopoli units (511 MW).

Power plant tracker

Interested in Power Plants?

Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.

Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.

Request a free trial Contact us