Dubai: Abu Dhabi’s Masdar and Taaleri Energia will develop a 65 megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the joint venture Masdar-Taaleri Generation (MTG).
This is Masdar’s first investment in Greece and will be developed by MTG alongside local partners - the Constantakopoulos family and Autohellas S.A. It is located in the region of Viotia, approximately 65 kilometers north of the capital Athens, and is at an advanced development stage. Construction is expected to be completed in 2023.
The project is expected to participate in Greece’s feed-in-tariff premium auction scheme later this year. “We look forward to working with our partners and leveraging our international expertise in clean energy projects to support the diversification of the country’s energy mix, while advancing our common climate change mitigation goals,” said Mohamed Jameel Al Ramahi, CEO of Masdar.
Masdar and Taaleri Energia to develop solar plant in Greece
06 May 2021 Top officials of the UAE and Greece during a virtual signing ceremony. WAM Masdar and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65-megawatt (MW) solar photovoltaic (PV) project in Greece. The project will be managed through the companies’ joint venture Masdar-Taaleri Generation (MTG).
The co-development was announced at a virtual signing ceremony, attended by Dionyssios Zois, Ambassador of the Hellenic Republic to the UAE, and Sulaiman Hamed Salem AlMazroui, UAE Ambassador to the Hellenic Republic.
According to Masdar, the project is its first investment in the Greek market and will be developed by MTG alongside local partners, the Constantakopoulos family and Autohellas S.A.
Dubai UAE clean energy firm Masdar, which aims to double its renewable installed capacity from 11 GW in two to three years, and Taaleri Energia, which invests in utility-scale wind and solar assets, have agreed to develop a 65 MW solar PV plant in Greece, which is seeking to generate 35% of its electricity from renewables by 2030.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
The solar PV project will be managed through Masdar-Taaleri Generation joint venture, the UAE company said in a statement May 6.
The project is Masdar s first investment in Greece and will be developed by MTG alongside local partners, the Constantakopoulos family and Autohellas, it added.
Jan 25 2021 Read 634 Times
Poland is accelerating its transition from fossil fuels with the construction of two new wind farms financed by the
European Bank for Reconstruction and Development (EBRD).
The EBRD is providing a loan of PLN 117 million (€26 million-equivalent) for a project in the north-east of the country with a total installed capacity of 51.4 MW: Mława (37.4 MW), located approximately 110 km northwest of Warsaw, and Grajweo (14 MW), 60 km southwest from Suwałki. The EBRD finance will be complemented by a parallel loan from DNB.
The wind farms will be built and operated by a joint venture between the Taaleri SolarWind Fund II, a fund managed by Helsinki based renewable fund manager and developer Taaleri Energia, and Masdar, the Abu Dhabi Future Energy Company. Both wind farms will benefit from the Polish renewable energy support scheme (contract for difference) for a portion of their respective outputs following their successful bids in the December 201