This article has been posted on Naftemporiki Newspaper and website. The following text is a translation of the Greek article.

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The granting of Environmental Conditions regarding a PV station of 246 MW in Alexandroupolis area by the Ministry of Environment and Energy constitutes an important milestone of RESINVEST’s portfolio expansion. 

CEO of RESINVEST, Dimitris Karagoules, stated to “N”: Our goal is to complete the construction with a strategic partner for our common benefit and this is why we are in communication with groups in Greece and abroad. If everything goes as planned, then the construction works could start by the end of the year. 

He also left open the possibility of augmenting the station power up until 300 MW, highlighting the fact that specific actions are being taken so that the project receives connection terms from IPTO (ΑΔΜΗΕ). According to ETAD, the station will be connected to the Ultra High Voltage Center of New Santa via overhead Transmission Line of 150 kV. 

Alexandroupolis project is currently one of the biggest projects for RESINVEST. According to Dimitris Karagoules, the company has wind and photovoltaic stations of total capacity 750 MW that are in the phase of maturation (excluding the above-mentioned project) and are also in different phase regarding the licensing procedure. Company’s total tank is about 1 GW, while these plans also include some activity in storage industry. 

RESINVEST specializes in renewable energy projects and in the energy saving sector. It provides integrated services for the design, licensing, construction, operation and maintenance of energy projects, and at the same time it acts as investor in projects that has undertaken. RESINVEST is also involved in management of energy invoice collectivity system for PPC, through its subsidiary AK Recovery.  

Recently, the company has developed important partnerships with groups in Greece and abroad. Last summer RESINVEST cooperated with PPC Renewables and the Dutch company EWT to open up the repowering market in Greece by replacing the equipment of ten PPCR wind parks in 9 islands in Aegean Sea. It is also in cooperation with AMERESCO to develop wind power plants of 80 MW capacity in Peloponnese and Phocis. Earlier, in November 2021, the wind park of 9.2 MW in Kefalonia, on behalf of PPCR and AMERESCO, had been successfully completed. RESINVEST and AMERESCO completed a small PV plant in Aspropyrgos on behalf of the Water and Sewarage Company. 

Note that at the end of last year RESINVEST announced the transfer of 4 PV projects of total capacity of 174 MW to the French Group REDEN SOLAR. In the context of that agreement, the Greek company undertook the development (technical studies, licensing, etc) of the aforementioned projects until the stage of interconnection to the energy transmission system.