Latest news with #Greece2.0
Yahoo
08-04-2025
- Business
- Yahoo
Meton Energy announces FID for two solar farms in Macedonia, Greece
Meton Energy, a joint venture between RWE Renewables Europe & Australia and PPC Renewables, has announced the final investment decision for two large-scale photovoltaic projects in Central Macedonia, Greece. The solar farms, named Kotyli and Neo Syrakio, will have a total capacity of 567 megawatts peak (MWp) and are expected to commence construction in spring 2025, with commissioning in 2027. The projects will generate enough annual energy to supply 140,000 households. Meton Energy has secured ten-year bilateral power purchase agreements with PPC and RWE Supply & Trading to purchase the green electricity produced. The €418m investment includes €175m from European Union – NextGenerationEU funds through the recovery and resilience facility plan known as Greece 2.0, with the balance financed by €169m in commercial debt from Greek banks and shareholder contributions. Formed in 2021, the joint venture has a 51% stake held by RWE Renewables Europe & Australia, and a 49% interest held by PPC Renewables. The partnership has already energised five solar farms with a total capacity of 210MWp and completed construction of a sixth project. Three additional solar farms, totalling 625MWp, will be operational by the end of 2025. These nine projects, located in Western Macedonia, will have a combined capacity of 940MWp. RWE Renewables Europe & Australia CEO Katja Wünschel stated: 'With our latest investment decision, we underpin once again our strong commitment to the Greek market with now roughly 1.5 gigawatts of solar capacity in deployment. This great achievement is the result of the excellent cooperation between the teams involved at RWE and PPC. Together we are accelerating the energy transition in Greece.' PPC Renewables CEO Konstantinos Mavros commented: 'In Central Macedonia, we are creating a new and sustainable future. Our co-operation with RWE has proven to be an excellent demonstration of what we can do when we work together. Both our current projects in the old lignite mines in Amyntaio and the new investment in Central Macedonia mean more new jobs both in the construction and operation phases, and a promise for sustainable growth and a brighter future for Greece.' RWE Renewables Hellas CEO and Meton Energy CEO Costas Papamantellos added: 'We are delivering our solar projects at an impressive pace. The first cluster of the Amynteo portfolio is already energised, construction works for Amynteo Clusters II and III are at an advanced stage and we are looking forward to connecting all projects to the grid this year. By taking this FID, we have laid the ground for our next two large-scale photovoltaic projects in Greece, which will contribute to reach the country's climate goals.' "Meton Energy announces FID for two solar farms in Macedonia, Greece" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
Planet Signs Deal with European Space Agency, Enabling Greek Government to Expand National Space Services
SAN FRANCISCO, March 24, 2025--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about change on Earth, today announced that they have signed a new contract with the European Space Agency on behalf of the Hellenic Ministry of Digital Governance to support the Greek National SmallSat Programme, funded by the Recovery and Resilience Fund (RRF) Greece 2.0. Using Planet's commercial satellite data, Greece aims to inform and complement the development of their national satellite technology. Through this contract, Greece will leverage the company's PlanetScope data to support the development of future downstream services for their national satellite data program, enable technological development, and serve as a complementary data source to their national satellite data feeds. "The Hellenic Space Center (HSC) is coordinating the provision of Planet's satellite data, optimizing tasking capabilities, and ensuring seamless integration across the downstream projects of the national satellite program," said Dimitris Bliziotis, Earth Observation Officer of HSC. "We are living through a global space renaissance where governments and commercial providers are working hand-in-hand to develop new innovation," said Martin Polak, Planet's Senior Director of Government Sales in EMEA. "We're honored to have signed this contract to inform the new development of Greece's national space services." The company's PlanetScope satellite data provides a near-daily scan of all of Earth's landmass at 3 meter resolution. With this high-cadence capture and broad area coverage, Planet offers a robust historical archive of Earth observation data, dating back over a decade, which can enable better, faster decision making by international governments and businesses worldwide. "Access to Planet's satellite data will provide valuable data and insights for the development and validation of our national downstream services. This will accelerate innovation and will ensure the effective integration with data from our national space assets," said Professor Konstantinos Karantzalos, Secretary General of Telecommunications & Post, Ministry of Digital Governance. Planet has provided their unique satellite data and services to international governments around the globe, securing contracts with ESA's Third Party Mission programme, which has made this newest contract possible. They have also recently announced a contract with the Japanese Space Agency (through JSAT), to help provide satellite services and technological innovation. About Planet Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites. Planet provides mission-critical data, advanced insights, and software solutions to approximately 1,000 customers, comprising the world's leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit and follow us on X (formerly Twitter) or tune in to HBO's 'Wild Wild Space'. View source version on Contacts Planet PressLauren Neville Cottrellcomms@ Planet Investor RelationsCleo Palmer-Poronerir@
