RWE and PPC launch 567 MW solar projects

Green Forum

7 April, 2025 at 9:32 PM

RWE and PPC are driving the energy transition through their joint venture, Meton Energy S.A., which has approved the final investment for two major solar projects in Central Macedonia.

The Kotyli and Neo Syrakio farms will deliver a combined capacity of 567 MWp (518 MWac), with construction set to begin this spring and commissioning expected in 2027. Once operational, the projects are projected to power over 140,000 households annually.

Meton Energy has secured 10-year bilateral Power Purchase Agreements with PPC and RWE Supply & Trading for the sale of the generated green electricity. The €418 million investment is backed by €175 million in EU Recovery and Resilience Facility funds under “Greece 2.0,” with the balance covered through €169 million in commercial debt and shareholder equity.

RWE Renewables Europe & Australia (51%) and PPC Renewables (49%) have already energized five solar farms totaling 210 MWp, with a sixth project (315 MWp) completed and pending energization. An additional three projects (625 MWp) are expected to come online by end-2025. Altogether, the nine projects—located in Western Macedonia on the site of the former Amynteo lignite mine—will total 940 MWp (870 MWac).

PPC starts second phase of 490 MW solar park in Greece

PPC has begun the second phase of construction on its flagship 490 MW solar power plant in Megalopoli, part of a broader strategy to repurpose former lignite mining sites into renewable energy hubs.

Energy

RWE wins 31 solar projects in Poland

RWE has been awarded 31 solar projects in Poland, with a combined capacity of 102 megawatts of direct current (MWdc).

Energy

PPC Energie and Romania's Ministry test solar energy storage

PPC Energie has implemented an integrated solution for electricity production using photovoltaic panels and battery storage on a residential building in Bucharest's Sector 6.

Energy

PPC finalizes Evryo Group renewable acquisition in Romania

PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania.

Regulation

Romania's Competition Council reviews PPC's wind farm acquisition

The Romanian Competition Council announced its analysis of the deal through which Greece's Public Power Corporation (PPC) plans to acquire the operators of the Fântânele-Cogealac wind farm.

Energy

PPC Renewables builds 140 MW Wind Farm in Romania

PPC Renewables, the renewable energy division of Greece's PPC, will build a new wind farm with an installed capacity of 140 MW at the Deleni site in Vaslui County.

Energy

RWE starts construction of solar plant facility in Italy

RWE has commenced the development of its inaugural solar facility in Italy. The completion of the project is slated for the year's end.

LATEST NEWS

20 Oct

Cost remains main driver and biggest barrier in sustainability

15 Oct

Nepi Rockcastle opens its first solar park in Romania

10 Oct

Nearly 772 million liters of water are lost annually due to leakages

23 Sep

Iulius invests €29 million in Europe's largest private soil cleanup

17 Sep

EU struggles to agree on climate targets, set to miss UN deadline

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

Real estate

Iulius invests €29 million in Europe's largest private soil cleanup

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

Energy

EU struggles to agree on climate targets, set to miss UN deadline

The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.

Energy