The 100 MW solar complex being built by 500 families in Greece is now officially a guide for other similar projects to follow suit after it was incorporated in the legal framework, said Balkan Green Energy News. (Photo Credit: Agrinio Union)
Key Takeaways
- Agrinio Union has brought together 500 Greek families to build a 100 MW solar complex in Katouna
- The community solar project is financed by ProCredit Bank with €90 million and is expected to save €14 million annually on completion
- JinkoSolar modules are to be deployed for the project after residents picked the company
- The project will also get its own electric power substation and is being built by KiEFER TEK
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At least 500 families in Greece have come together to get their own community solar plants in the country up and running after Hellenic Electricity Distribution Network Operator (HEDNO) rejected several of their applications for solar installations. Referring to a presentation of the agricultural cooperative Agrinio Union, Balkan Green Energy News confirms the union got all these individual projects grouped together to set up the energy community that’s now developing the 100 MW capacity.
Residents chose JinkoSolar modules for the 100 MW solar power complex in Katouna’s Aetolia-Acarnania region, set to be connected to the grid by the end of 2020 by local construction company kiEFER TEK. Residents also get to set up their own electric power substation. The model, the report claims, is now incorporated in the legal framework to guide similar other projects in the country.
Financing worth €90 million ($107 million) has been arranged by ProCredit Bank. Agrinio Union expects the 100 MW complex, once commissioned, will annually save €14 million ($16.6 million). The report says on completion it will be the biggest facility of its kind in the country.
Anu Bhambhani
Anu Bhambhani is the Senior News Editor of TaiyangNews
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