The 45 MW solar PV project included in the sale has recently secured financing from a leading Greek bank and is expected to complete construction in the second half of 2025. The project comprises three distinct sites in the municipality Almyros, Greece, with a combined peak capacity of 45 MW. The annual electricity generated by the solar plant will equal the average consumption of more than 17,000 households, offsetting up to 25,000 metric tonnes of CO2 emissions.
Also see: Sungrow supplies solar desalination project on Greek island
“We are pleased to deliver this portfolio to Faria Renewables and support them in their positioning as a key player in Greece’s renewable energy sector. It allows us to strengthen focus on our European core markets and international expansion in the coming years,” said Anton Milner, CEO of German headquartered ib vogt. “I would like to thank everyone involved in this transaction for their outstanding effort and support, allowing us to further achieve our goal of powering the energy transition.”
Subscribe to our free monthly special newsletter PV for investors
Installed solar fleet of 10 GW reached
The Greek solar market saw a record growth in 2024 with 2.9 GW of new installations, dominated by C&I installations, reaching a operating solar fleet of 10 GW, according to the EU Market Outlook for Solar Power 2024-2028. Further strong growth, also in the PV utility-scale, the residential and energy storage sector is expected. (hcn)
