Mytilineos heightens focus on solar in bid to reach 3GW of capacity by 2030

Facebook
Twitter
LinkedIn
Reddit
Email
Mytilineos completed EPC work on the 300MW Talasol project (pictured) in Spain last October. Image: Mytilineos.

Mytilineos is looking to transfer its global experience of solar and storage project development to help decarbonise the Greek electrical system and hit 3GW of PV capacity by 2030.

The industrial group earlier this month acquired 1.48GW of Greek solar parks as part of efforts to expand the company’s new renewables and storage development business unit, which was created a year ago. The €56 million (US$67.8 million) deal with Egnatia also included a pipeline of 21 battery energy storage projects as well as four additional solar-plus-storage installations.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The transaction, combined with Mytilineos’ international pipeline of solar plants in markets such as Spain and Australia, means the firm is “on a good path” to reach the 3GW target, according to Nikos Papapetrou, general manager of the company’s renewables and storage development (RSD) business unit.

“That Greek deal is definitely a major boost to this (3GW) direction,” he said, stressing the significance of the energy storage component of the transaction, which includes “the biggest storage development currently in Greece”.

When announcing the deal, Mytilineos said it is “investing heavily” in energy storage as it seeks to create a broad portfolio of power generation plants. In 2019, the company secured engineering, procurement and construction (EPC) contracts with Gresham House for four battery energy storage systems (BESS) with a total capacity of 150MW. Earlier this month, the firm was awarded 26MW of BESS to provide fast reserve grid services for Terna, the Italian Transmission System Operator.

“I deeply believe that storage is the holy grail of decarbonisation,” Papapetrou said. “Without storage, decarbonisation is only wishful thinking.”

Mytilineos last week announced its ambition to reduce its total emissions by at least 30% by 2030 from a 2019 benchmark, while it is committing to achieve net zero emissions across its entire business, which includes aluminium production, by 2050.

EPC and development efforts in 2021

Following a 2020 in which the coronavirus pandemic led to project delays for the RSD unit, Papapetrou said the company’s EPC business has “great expectations” for this year, with approximately 1.1GW of contracts in place from clients such as Lightsource BP, Total Eren and Sonnedix.

Mytilineos’ EPC work for Sonnedix saw the completion of the 170MW Atacama Solar project in Chile last October, which was finalised on time despite pandemic-related disruptions as well as protests in the South American country.

Since then, the firm has been named EPC contractor for the 118MWp Pampa Tigre PV plant, also in Chile, which is being constructed by Mainstream Renewable Power and is set to be completed in September 2021.

In terms of its own developments, Mytilineos now has a portfolio of around 4GW of renewables projects that are in various stages of progress in countries such as the UK, Spain, Mexico, South Korea and Taiwan.

Papapetrou said the company’s “significant pipeline” of solar projects outside of Greece includes 400MW in the construction phase, of which 120MW in Australia will be connected to the grid this quarter. Construction on a further 400MW of PV capacity is expected to begin in the next four months.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

September 16, 2025
The Philippines has commissioned the Batangas 1 project, the country's first to combine agriPV with a battery energy storage system (BESS).
September 15, 2025
Australia has reached 26.8GW of installed rooftop solar at the end of the first half of 2025, according to a report from the Clean Energy Council (CIC).
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
The absence of negative pricing in Italy undermines the case for co-located solar storage, the co-founder of Italian IPP Terrawatt has said.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 9, 2025
The US is forecast to reach between US$55-60 billion in clean energy tax credit monetisation in 2025, according to a report from clean energy financing technology platform Crux.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA