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Terna Energy proposes three floating solar projects in Greece totaling 265MW

January 22, 2021

Renewables Now:

Greek renewable power producer Terna Energy is seeking permission to install 265 MW of floating solar plants in artificial reservoirs in central Greece.

The company said on Tuesday it has submitted applications with Greece’s Regulatory Authority for Energy (RAE) to get a producer certificate in relation to the three projects. It estimates it will need over EUR 170 million (USD 206.8m) in investment to develop the schemes.

The applications concern a 120-MW floating PV plant in the Kastraki dam on the Achelous River in Aitoloakarnania and a 103-MW array on the Pournari dam near Arta. Terna Energy also intends to install a 42-MW floating PV system in the artificial Army Reservoir.

The investment in the three schemes will be made on top of Terna Energy’s plan to realise projects that will lift its installed capacity to 2.8 GW in the next five years. Thus, the goal has been expanded to over 3 GW, it explained.

At present, the Greek company has 1.37 GW of renewables capacity in operation and another 430 MW under construction or ready for construction. Its assets are located in Greece, the US, Central and Eastern Europe. 

[Veselina Petrova]

More: Terna Energy to build 265 MW of floating PV plants in Greece

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