Juwi’s 204 MW solar park wins at auction in Greece

5/6/19, 11:01 AM -

Construction of the largest solar project in South East Europe and the company's history is due to begin this year.

Juwi is already active since several years in Greece, here a 1.5 MW solar park in Genisea in the Xanthi region.
Juwi is already active since several years in Greece, here a 1.5 MW solar park in Genisea in the Xanthi region.

It is the biggest success for Juwi Hellas so far and a milestone for the Juwi group as a whole: Recently the Greek subsidiary of the international project developer for renewable energies secured 47 percent of the total volume in the latest auction round for wind and solar projects in Greece. The company’s “Kozani” project has a size of 204 megawatt and will be the largest solar PV project in South East Europe.

A total volume of 635 megawatts participated in the auction, 437 megawatts have been awarded. Juwi competed with four other solar and one wind project in the 30-minute online auction.

Renumeration of 5.73 cents/kWh

"Thanks to a very well prepared and precisely executed strategy, we were not only able to bring our entire project volume through the auction process - we have managed to secure the highest tariff of all other solar projects", reports Takis Sarris, Managing Director of Juwi Hellas. Juwi secured a remuneration of 5.73 cents per kilowatt-hour. Again, the project developer’s great experience in various tendering systems has paid off. In 2018, for example, Juwi was one of the most successful companies in Germany’s bidding rounds for wind and solar energy. With its current success juwi became the leading company for utility-scale renewable power plants in Greece.

Expected yield of more than 300 million kWh/yearly

The awarded project is located in the north of Greece about 15 kilometers away from the city of Kozani. In December 2019, Juwi will begin with the construction of the solar park on an area of ​​more than 400 hectares. It is scheduled to be connected to the grid by April 2021. The solar park is expected to produce more than 300 million kilowatt hours of electricity annually. juwi acquired the project rights in November 2017 and developed the project to market maturity.

"For us, the auction result is also the reward for our persistence. After the collapse of the Greek market in 2013, we continued to believe in the potential of renewables in Greece as well as in other European countries and maintained our activities with a small team. That has now paid off," says Juwi-EMEA Regional Director Dirk Retzlaff. juwi has been active in Greece for more than ten years and has connected more than 50 plants with over 100 megawatts of power to the grid. (HCN)

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