PPC is evolving into a “green” energy “giant” aiming at the development of RES projects with a total capacity of 10 GW by 2026. That is, the current installed capacity of the company’s power plants, which in the vast majority operate with its lignite fossil fuels, natural gas and diesel.
In the updated strategic plan of the company that accompanies the newsletter for the increase of the share capital, the whole “green” portfolio of the new PPC is unfolded, which aspires to lead the energy transition of the country.
This is the whole range of RES technologies. With most of the 10 GW consisting of wind power 4.3 GW and photovoltaic total power 3.9 GW.
Also the storage systems that the company seeks to run are over 1.1 GW, new hydroelectric projects are at 100 MW, geothermal projects on islands are at 40 MW, and hybrids at 10 MW.
From the “green” basket of RES, PPC has the most investment plans in Western Macedonia where it plans to develop photovoltaic power over 3 GW which will be built in its lignite mines. Large wind farms of 2.7 GW are scheduled for Crete and more than 1 GW for the Dodecanese. The company’s plans for floating offshore wind power of 180 MW have a prominent place. Information wants the specific power to be the share of PPC from its possible participation in a consortium of companies.
The selection of mature projects
These 10 GW are its developing portfolio, ie these are projects from which the company will choose to build its share in RES.
According to the prospectus for the increase of the share capital, PPC aims at an installed capacity of RES systems with a total capacity of 10 GW. These include its current hydroelectric power of 3.2 GW and another 200 MW of photovoltaic and wind turbines that are already operating.
It also has already secured, ie mature projects on privately owned land and with locked connection terms providing 3 GW. These are going to be operational by 2024. By 2026 it will reach a total of 9.5 to 10 GW of which 8.3 GW will be in Greece and 1.1 GW will be in the Balkan markets. The majority of RES that will operate by 2026 will be photovoltaic with a total capacity of 3.4 GW.
Essentially, PPC from today until 2026 will add RES with a total capacity of more than 5 GW.
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