Helpe Solar Tender

Location GreeceProject number 52071Business sector EnergyNotice type PrivateEnvironmental category BEBRD Finance Summary EUR 75000000.00Project DescriptionThe provision of long-term financing of up to 75 million to Hellenic Petroleum for the construction of a portfolio of photovoltaic PV plants with total installed capacity of 204MW in Western Macedonia Greece. The project will be presented under the Greek Renewable Energy Framework.Project ObjectivesThe project will contribute to climate mitigation by increasing the share of privately owned renewable energy generation in Greece and add 204MW solar PV generation capacity to the national energy system. It will be key to Greeces decarbonisation plans that envisage the decommissioning of the countrys lignite-fired generation plants by 2028.Transition ImpactThe project will target the Green quality by supporting the construction of 204MW of solar PV generation capacity. This capacity will replace coal-fired plants in the generation mix with expected associated CO2 savings of approximately 187000 tonnes annually.