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Enel will purchase over 100 MW in Greece

Enel has new PV projects in the Greece market

Enel purchased 100 MW project in Greece

In kind of a secret action, Italian ultility company Enel has acquired licenses for rising 102.5 MW of new solar PV parks in Greece.

The Italian company Enel has recently achieved 26 Greek licenses for the constructon of new solar parks in the country.

To be precise, Enel bought 17 licences where as 73.46 MW are from Enexon Hellas, seven licenses for 25.57 MW from Kalenta and two licenses for 3.54 MW from Solar Thessalias.

Enel Green Power and Mismats Holdings Ltd. respectively own 88.81% and 11.19% of Enexon Hellas’ 17 licenses. Enel Green Power and Sharp similarly own 100% of Kalenta’s seven licences while Enel Green Power fully owns Solar Thessalias’ two licenses.

Greece’s regulatory authority for energy, RAE agreed with the purchase deals in May. What was important in the decision making process was Enel’s submission for strong clues that the company had secured or was able to secure appropriate resources for a long lasting reliable on going projects.

This last purchases were not included in the company’s business plan for the year, plan made public in April. That only combined installations by 2017 of 55 MW and 21 MW of new photovoltaic capacity in Romania and Italy, respectively.

Still this kind of achievement is not a surprise for Enel. For example, in Januay, the company purchased 19 new photovoltaic plants with a capacity of around 42 MW online in Greece. The projects were supposed to happen in 2012-2016. Moreover, Yet the company also connected to the Greek grid a further 15 MW of solar PV operated by ESSE, a 50/50 joint venture between Enel Green Power and Sharp that aims to develop photovoltaic power in the

Mediterranean region, that month. And since since Enel purchased the majority of the Greek PV licenses through joint ventures, it was not necessary for the anticipated Greek projects to be included in the 2013-2017 business plan.

An important factor of this move is that it demonstrates that Greeks financial troubles do not need to be an impediment for foreign investors to put their money into the Greek PV market.

 

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Posted by on Oct 30 2013. Filed under _featured slider, Energy Market, Europe, Market News, Solar PhotoVoltaics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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