It’s official. After 18 months or so of negotiations, electric companies in Germany and Greece last night inked a deal to confirm RWE’s entry into the Greek power market. Initially, the arrangement concerns 2 GW of new PV generation capacity to be built in former lignite mines, however the deal may later expand to include additional power projects.
The development lender will supply three-quarters of the funds as Hellenic Petroleum aims to raise €100 million for a reported 18 solar sites in the nation’s coal heartland.
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