German developer wpd taps into Greek renewables market with 345MW solar pipeline

German developer wpd joins others in tapping into the Greek renewables market. Image: Wikimedia Commons.

German renewables developer wpd has announced a 345MW solar development pipeline to tap into the growing Greek renewables market.

wpd Solar Hellas and wpd Hellas Onshore, both subsidiaries of the German company, have been created to develop “an independent” solar project portfolio in the country. The former is currently in partnership with local renewables group Zephiros EPE, developing three solar PV projects with a total capacity of 345MW. The parent company currently has an operational portfolio of wind power with 5,150MW capacity, but is also planning to develop 1,650MWp of solar energy over the coming years.

wpd said in a statement that the company also plans to participate in the country’s renewables tenders this year, developing and operating its own power systems. In addition, it hopes to capitalise on its experience in offshore and onshore wind to “expand its portfolio” in the country.

Constantinos Faitatzoglou, head of project development at wpd Solar Hellas, said the company is “open to cooperations and opportunities in the Greek market.”

It is not the only German-headquartered solar company tapping into the emerging Greek solar sector. Blue Elephant Energy acquired two solar parks, a 7MWp plant in Kossos and a 38MWp plant in the Trikala regional unit, in February to gain a foothold on what it called a “promising” European market.

The Greek government has made several attempts to accelerate solar deployment, having set a target to phase out coal-fired power generation by 2028. Lawmakers approved four investments into new renewable energy projects totalling 2.8GW capacity at the end of last year as part of the country’s economic recovery from COVID-19. More than €2 billion is expected to be spent on four projects, the majority of which will be reserved for solar PV developments. Its environment and energy ministry has also attempted to shorten lengthy licensing processes for renewable energy projects, in a bid to free gigawatts’ worth of installations facing eight-year waits.

Read Next

July 18, 2022
Germany generated a record amount of power from solar PV on Sunday, with this expected to be repeated over the coming days amid a fierce heatwave across western Europe, according to Bloomberg.  
July 15, 2022
Macquarie-backed developer Cero Generation has claimed an industry first by launching Greece's maiden private PPA-backed utility-scale solar project.
June 29, 2022
Spanish developer Grenergy has launched a €90 million (US$94.8 million) accelerated capital increase to fuel growth in Europe and develop its energy storage capacity.
June 22, 2022
Independent power producer (IPP) AMPYR Solar Europe (ASE) and German developer Belectric have agreed to install a pipeline of more than 200MW of solar PV capacity in Germany within the next two years.
June 7, 2022
Commercial and industrial (C&I) solar investor True Green Capital Management (TGC) has closed a US$660 million fundraiser for its latest fund.
PV Tech Premium
May 10, 2022
Erik Martinson, CEO at residential solar challenger Svea Solar, speaks to PV Tech Premium about how Europe’s energy crises and sustainability trends are lifting the home solar and energy storage markets.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain