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Finnish investment company Korkia to fund development of 1,000 megawatts of renewable generation capacity in Greece

November 29, 2022

PV Tech:

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.

The company is targeting a renewable capacity of over 1GW, with the projects including energy storage to help in the balancing of the electrical system.

With a target to start construction of the solar PV projects in 2024, Korkia has partnered with GH Energy in Thessaly and AA Sunshine in Crete.

Two subsea cables will be laid between the island of Crete and the mainland of Greece, with the first one already operational and the second one expected to be finished by the end of 2023.

What drove the construction of these cables was to integrate the island into the main transmission system and to reinforce the transmission network, according to Korkia.

This will allow the island to become a solar PV hub providing renewable energy to mainland Greece.

[Jonathan Tourino Jacobo]

More: Korkia-funded partnership to develop over 1GW of renewables in Greece

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