High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.
Greek transmission system operator Independent Power Transmission Operator (IPTO) has signed a long-term loan agreement with the European Investment Bank (EIB) to finance a power connector between mainland Greece and outlying islands.
The European Investment Bank (EIB) has committed €28.5 million (US$30.8 million) to support the construction of 230MWp of solar PV projects in Greece’s Western Macedonia Region.
Finnish investment company Korkia has funded a partnership with Greek developers GH Energy and AA Sunshine to develop solar power parks in mainland Greece and Crete.
Prescinto, a renewable energy asset performance management (APM) platform, has entered into a partnership with Greek solar developer SunSolarWind IKE to apply its APM software to 70MW of solar PV projects.
Demand for solar and wind power purchase agreements (PPAs) in Europe remains strong despite sustained price hikes, research from LevelTen Energy suggests.
Greece was entirely powered by renewables for the first time in its history last week, according to the country’s independent power transmission operator (IPTO).
Greek developer Mytilineos has completed third-party engineering, procurement and construction (EPC) contracts on a backlog of solar PV projects in Chile, Uzbekistan and Spain.
