The Competition Committee approved the “entry” of private sector infrastructure player Helector into the special purpose company set up by PPC Renewables, the renewable energy arm of state-controlled Public Power Company.
As we reported in 2020, the company of the ELLAKTOR Group was announced as the “highest bidder” in the relevant tender announced by PPC Renewables for the selection of a strategic partner in the four geothermal areas.
PPC Renewables will complete the research for the identification and characterization of the geothermal potential in these areas, with funding from “Geothermal Objective II”, which aims to develop 5 MW geothermal power plants in each of the areas over the next five years.
The research budget for the four areas amounts to EUR 70 million and the cost of setting up the production units to EUR 50 million.
On the other hand, the “start” of the partnership demonstrates the fact that PPC Renewables is the only Greek company that expects to be “present” in all RES technologies.
At the same time, the company plans to expand to new “green” state-of-the-art technologies, such as floating photovoltaics , having first submitted applications to the Energy Regulatory Authority for projects with a total capacity of 50 MW.
At the same time, as stated at a recent conference the CEO of the company, Konstantinos Mavros, PPC Renewables intends to expand to offshore wind farms , for the utilization of offshore wind potential for the production of electricity.
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