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SPI Solar completes two projects in Greece

By R&D Editors | August 9, 2012

SPI
Solar announced that it has completed construction and successfully
interconnected two large-scale solar energy facility (SEF) projects in
Greece. A 2-MW development in Evros and a 4.4-MW SEF in Orestiada were
completed and interconnected by July 26th. Both systems are
providing power to the Greek Public Power Corporation through 20-year Power Purchase
Agreements. A 1-MW SEF remains under construction in Rhodopi and is scheduled
for completion by mid-September.

“These
are the first two large-scale SEFs we have completed in Greece, and they mark
significant milestones for SPI,” said Stephen Kircher, CEO of SPI. “As Greece
continues to diversify its energy sources, we will continue to pursue
additional projects across the country,” Kircher concluded.

SPI
has entered into a Memorandum of Understanding (MOU) with the Taneo Fund to
develop 23 MW of utility-scale SEFs across Greece; all of which are fully
permitted and ready for construction. The MOU sets a goal for Taneo and SPI to
potentially develop a total of 100 MW across Greece.

Source: SPI Solar

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