Eight photovoltaic projects of a total capacity of 882.4 MW are added to the renewable energy development plan of MORE, a subsidiary of the Motor Oil Group, and PPC Renewables, a wholly owned subsidiary of the PPC Group, as the new projects have received a Final Connection Offer to the grid, a critical step in the licensing process.

In particular, the two companies will construct six photovoltaic parks of a total capacity of 742.4 MW in the Regional Unit of Kozani, one photovoltaic park with a capacity of 92 MW in the Regional Unit of Kilkis and one more with a capacity of 48 MW in the Regional Unit of Serres.

The generated electricity will be utilized to support Greek industry through bilateral power purchase agreements (PPAs), as well as to support the farmers participating in the “GAIA” program, the special agricultural tariff aimed at strengthening agricultural activity by providing cost-effective electricity rates.

The photovoltaic stations in the Regional Unit of Kozani are not part of the 2,130 MW photovoltaic projects that the PPC Group is already developing in Western Macedonia, on the former lignite fields.

MORE is implementing a targeted investment plan for the development of large-scale Renewable Energy projects in Greece and the wider region. It focuses on technologies such as photovoltaics, wind and energy storage, building a strong and constantly evolving production portfolio that already ranks it among the largest and fastest growing RES producers in Greece.

For PPC Renewables, the collaboration for the construction of the new photovoltaic stations is a step further to RES development, both organically and through partnerships—across Greece and Southeastern Europe, playing a key role in achieving PPC Group’s target of 11.8 GW of total renewable energy projects by 2027.