The state-owned electrical firm, which has lastly pivoted in the direction of inexperienced power, is growing a subsidy-free method.
The transformation of Greek renewable power laggard the Public Energy Company (PPC) has continued with information the utility’s PPC Renewables arm has received tenders to develop the nation’s largest photo voltaic cluster and is planning Greece’s first unsubsidized PV challenge.
The renewables division of the state-owned energy firm is planning a subsidy-free 50 MW photo voltaic plant within the Megalopoli coal mining area of the Peloponnese peninsula.
“The concept is PPC Renewables’ subsidy-free plant [will] generate electrical energy that will promote [to] the mum or dad firm, the PPC,” stated Konstantinos Mavros, who was appointed chief govt of PPC Renewables in September.
The electrical utility, Greece’s largest company, accounts for round 70% of the home electrical energy retail market however holds a a lot smaller chunk of the facility era combine. Till lately, the debt-saddled firm adopted a fossil fuel-driven marketing strategy however a change on the prime has seen the utility pivot in the direction of clear power with the purpose of PPC Renewables growing enough services for the enterprise to carry extra era belongings.
Mavros stated the acquisition tariff the PPC can pay its renewables subsidiary for the facility generated at Megalopoli was nonetheless underneath negotiation however advised pv journal: “The subsidy-free plant in Megalopoli will serve to show our idea. As soon as that is confirmed, PPC Renewables can take the lead and remodel the corporate, the power market and our economic system.”
The clear power division has additionally printed particulars of an engineering, procurement and building (EPC) tender for a 200 MW photo voltaic challenge in northern Greece. The power, deliberate at a coal mine within the western Macedonia area, has secured a €0.04911/kWh tariff for the power it is going to generate. That determine, which shall be paid on prime of the wholesale electrical energy value, marks the bottom premium fee for a renewables challenge within the nation.
PPC Renewables secured the contract within the final spherical of the nation’s renewable power tenders, on April 2. The EPC tender shall be held at 1pm native time on Might 28 and could have an indicative €110.15 million price range, excluding VAT.
The PPC Renewables division has already secured contracts for 2 15 MW photo voltaic tasks on the location the place it’s planning the 200 MW facility. The smaller belongings will obtain premium tariffs of €0.06488 and €0.05382/kWh agreed in nationwide PV tenders held in July and December. The incentives shall be paid underneath 20-year contracts.
The renewables enterprise of the nationwide utility secured the three tasks, which collectively will make up the biggest focus of PV tasks underneath growth in Greece, by bidding the bottom acceptable top-up premiums within the tenders held in December and this month.
Bids to land the EPC contract for the primary of the 15 MW services are being evaluated and the window for pitches for the second plant will shut on April 28.
PPC Renewables claims to have a clear power challenge pipeline amounting to greater than 6 GW of photo voltaic, wind, small hydro, geothermal and biomass services.
Lignite to photo voltaic
Guardian firm the PPC plans to put in three GW of photo voltaic capability on former coal mines, with the nation pledged to finish coal use by 2028 on the newest. Some 2 GW of photo voltaic tasks, together with the most recent 200 MW facility, are deliberate in Ptolemaida, within the Kozani area of northern Greece, with an additional gigawatt earmarked for the Peloponnese.
Reworking the utility
Reworking the lignite mines will go hand in hand with the turnaround of the electrical utility.
The paradigm shift on the PPC began after the nation elected a brand new center-right authorities with a transparent majority in July. The brand new administration cited transformation of the PPC – hamstrung by an incapacity to gather invoice funds – as one in all its prime priorities.
Below the course of recent chief govt George Stassis, who was appointed in August, the PPC has launched quite a few measures together with the deliberate phase-out of uneconomic coal energy crops. The utility plans to shutter all however one coal facility by 2023 and has acknowledged the remaining website could also be transformed to biomass era.
PPC Renewables boss Mavros advised pv journal the mum or dad utility additionally has plans for power storage, electrical autos and a metamorphosis of IT which can drag the corporate into the digital age.
“Our purpose is to remodel the utility into a brand new enterprise unit match for the 21st century,” stated Mavros.