The company, a subsidiary of Phoenix Solar AG, the international photovoltaic system integrator, was commissioned by Sol Power Production and Traiding Electricity SA, a company founded by investors from Cyprus, to serve as lead contractor on the project.
Construction work began in September and has already been completed. Grid connection is been scheduled to occur before the end of the month.
Over 5,600 crystalline solar modules will be producing more than 1,400 megawatt hours of environmentally compatible electricity a year.
The facility will produce enough electricity to power 450 Greek home and avoid more than 1,600 tons of CO2 emissions a year.
The feed-in tariff comes to more than 37 euro cents per kilowatt hour and is significantly higher than in Germany where it is currently 22.07 euro cents per kilowatt hour for photovoltaic plants on conversion sites.
"Having already built the largest photovoltaic power plant in Central Greece with a peak power of two megawatts in Douneika this year, we are delighted to be making another contribution to promoting renewable energies in Greece with the power plant in Kolindros", said Dr. Christos Protogeropoulos, General Manager of Phoenix Solar in Greece.
“The financing by Cypriot investors and our German know-how are the ideal preconditions for new green investments in Greece,” Protogeropoulos continued. “The country is currently searching for foreign investors to help overcome the difficult economic situation. Photovoltaics is an option for a profitable and secure investment.”
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