Energy groups RWE and PPC are continuing to support Greece’s energy transition through their joint venture company Meton Energy SA. The company has taken the final investment decision for the construction of two large-scale photovoltaic projects in the Prefecture of Central Macedonia in Northern Greece. The solar farms Kotyli and Neo Syrakio will have a total capacity of 567 MWp (518 MWac). Construction is planned to start this spring, with commissioning expected in 2027.
Meton Energy has signed 10-year bilateral Power Purchase Agreements with PPC and RWE Supply & Trading, which will purchase the green electricity produced by the solar farms. For the €418 million investment, €175 million of European Union NextGenerationEU funds have been secured via the Recovery and Resilience Facility (RRF) plan ‘Greece 2.0’ while the remaining amount is being financed through €169 million commercial debt financing, and from shareholders.
Together, RWE Renewables Europe & Australia (51%) and PPC Renewables (49%) have already energised 5 solar farms totalling 210 MWp and finished construction of a 6th project, 315 MWp, with energisation expected soon. A further 3 solar farms (total 625 MWp) are planned to be operational by the end of 2025. These nine solar projects have a total capacity of 940 MWp (870 MWac) and are located in Western Macedonia in Northern Greece, within the boundaries of the former Amynteo opencast lignite mine.
