Public Power Corp SA, Greece’s biggest electricity producer, also known as PPC, invited potential strategic partners for the world’s biggest solar project to show their interest by March 31.
The partner will help to secure financing for the construction, development and operation of a 200-megawatt photovoltaic park in northern Greece on PPC land, the Athens- based company said in an invitation published today in the Financial Times newspaper.
Interested parties must show average net assets of more than 500 million euros ($678.2 million) over the last three years, according to the invitation. They must also have raised project funding of more than 300 million euros and show experience in the development and operation of solar power stations.
The proposed 600 million-euro solar park will reduce Greece’s carbon dioxide emissions by 300,000 metric tons a year, Public Power Chief Executive Officer Arthouros Zervos said Jan. 21. The biggest solar park is currently in Canada and generates 97 megawatts, he said.
To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net.
To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net.
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