Macquarie-backed developer Cero Technology has claimed an business first by launching Greece’s maiden non-public PPA-backed utility-scale photo voltaic mission.
Cero, which is a part of Macquarie’s Inexperienced Funding Group, has mentioned the 100MW Delfini mission, positioned in Prosotsani Drama, would be the first in Greece to signal a non-public energy buy settlement (PPA).
The milestone marks additional progress within the firm’s growth in Greece after coming into available in the market a 12 months in the past and forming a three way partnership with renewables developer Wattcrop to develop as much as 750MW of photo voltaic PV within the nation by 2025.
Earlier this 12 months, PV Tech Premium had a take a look at Greece’s photo voltaic market and the way it was primed to take off, even earlier than the European Union made a big enhance of its renewables targets when it up to date its EU Photo voltaic Vitality Technique alongside the REPowerEU technique.
Marta Martínez Queimadelos, CEO at Cero Technology, mentioned: “This mission is a crucial step within the growth of Cero’s Greek portfolio and considered one of many market-leading tasks in our pipeline.”
At the moment current in six European markets – United Kingdom, Spain, Italy, France, Poland and Greece – Cero Technology has a photo voltaic growth portfolio of 9GW.