Faria Renewables S.A. has announced the integration of photovoltaic project Mykonos, in central Greece, with a capacity of 35 MW, into its asset portfolio.
The construction of the Mykonos plant will start immediately, with the goal of completion by the fourth quarter of 2025, Faria said.
The investment is estimated at EUR 27 million. The PV project will be developed on 100% privately owned land. It is expected to produce 52.5 GWh of clean energy annually
It is enough to supply 13,125 households in the areas of Domokos, in the regional unit of Phthiotis or Phthiotida, and Farsala, which administratively belongs to Larissa in Thessaly.
The integration of the project, previously owned by the Vasileiadis Group of Companies, is fully aligned with Faria Renewables’ strategy to include additional ready-to-build projects in its portfolio, while it is another important step towards Greece’s energy transition, the announcement adds.
Faria has a 3,500 MW portfolio under development
Faria Renewables currently has a 3,500 MW portfolio under development across Greece. It includes renewable energy projects at various stages of maturity. More than 126 MW is in the construction or electrification phase. Mykonos was added to the firm’s list of mature projects.
The developer said it remains committed to its vision of contributing to the promotion of sustainable development by investing dynamically in renewable energy projects that substantially meet the energy transition needs of Greece and local communities.
Of note, Faria is one of the seven companies that won government support for 11 standalone battery projects at Greece’s second energy storage auction. The facility is envisaged with 49.9 MW in operating power.
As a panelist at the Belgrade Energy Forum 2024 (BEF 2024) in May, the company president and CEO Thalia Valkouma said the focus in the energy sector should be on the diversification of storage systems so that different technologies cover all uses.
“We believe that storage is one of the next big things in the energy sector,” she stressed.
Publised at balkangreenenergynews.com
