RWE

Greek banks Alpha, Eurobank and National have signed loan contracts with the energy groups RWE and Public Power Corporation for the construction of four photovoltaic projects with a total capacity of 730 MWp in Amyntaio. This is an investment of 451.4 million euros, with co-financing from the Recovery Fund.

Two major energy groups, Germany's RWE and Greece's Public Power Corporation are promoting Greece's energy transition through their joint venture, Meton Energy SA, which has made its final investment decision for the construction of another photovoltaic project in the country.

The agreement Public Power Corporation signed on Wednesday through its PPC Renewables subsidiary with the Copelouzos and Samaras groups for the acquisition of shares in the company Thrakiki Wind 1 SA brings the utility ahead in the race for offshore wind farms, given its license for the 216-megawatt offshore wind park off Alexandroupoli.

Exactly one year after signing their provisional agreement on the joint installation of offshore wind parks in Greece in July 2022, local refiner Helleniq Energy and German power giant RWE have signed the framework agreement for their joint venture through which they will bid in the tenders the Greek state has proclaimed for the development of 2-2.5 gigawatts of offshore wind power capacity.

Heron Group on Wednesday announced the signing of long-term power purchase agreements (PPAs) with RWE Renewables Europe & Australia and PPC Renewables, through their joint venture Meton Energy.

Under the terms of the agreement, Heron will supply approximately 192 gigawatt-hours of green electricity each year.

At the beginning of 2023 Bulgaria gained access to Turkey's terminals and gas transmission network under a long-term deal that would help the country replace supplies once provided by Russia.

Public Power Corporation (PPC) and Germany's RWE have taken a final investment decision to build five solar farms in northern Greece, the two companies said on Thursday.

The farms will cost €180 million and have a total capacity of about 200 megawatts (MW).

Climate activist Greta Thunberg was among climate activists detained during protests against the expansion of a coal mine in Luetzerath on Tuesday, according to German police, reported CNN affiliate N-TV.

The interruption, according to the same sources, is due to the annual scheduled maintenance of the Turk Stream pipeline

By mid-February Greek electricity giant PPC and German peer RWE are expected to sign an agreement for the joint development of renewable energy source projects in the Greek market.