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With PPAs signed in April this year between Thermi-Taneo Venture Capital Fund and SPI Solar, the construction and connection of two solar facilities in Greece has been announced. A 2MW development in Evros and a 4.4MW plant in Orestiada are both providing power to the Greek Public Power Corporation through 20-year PPAs.
A 1MW facility remains under construction in Rhodopi and is scheduled for completion by mid-September.
In March, SPI Solar had stated that it would partner with local manufacturer ExelGroup in order to enter into the Greek market. ExelGroup had agreed to supply the company with mounting structures for the three installations.
“These are the first two large-scale SEFs we have completed in Greece, and they mark significant milestones for SPI,” said Stephen Kircher, CEO of SPI. “As Greece continues to diversify its energy sources, we will continue to pursue additional projects across the country,” Kircher concluded.
SPI has entered into a Memorandum of Understanding with the Thermi-Taneo Fund to develop 23MW of utility-scale facilities across Greece; all of which are fully permitted and ready for construction. The MOU sets a goal for Taneo and SPI to potentially develop a total of 100MW across Greece.