Two of Greece’s most powerful business groups are joining forces in the energy sector, launching an investment that ranks among the largest hybrid power generation projects in the country.
Shipping group
Two of Greece’s most powerful business groups are joining forces in the energy sector, launching an investment that ranks among the largest hybrid power generation projects in the country.
Shipping group Tsakos, established in 1970 by Captain Panagiotis N. Tsakos, and industrial and energy specialist Metlen signed a strategic partnership for the development, construction, operation (energy management), and commercial management of one of Greece’s largest hybrid power generation projects.
At the core of the partnership is the creation of a joint venture (SPV). According to the plan, Metlen (holding the 40%) and Tsakos Group (the 60%) will participate in a joint venture to develop and operate a hybrid power plant from renewable energy sources with integrated energy storage system consisting of a 251.9 MW photovoltaic park and an energy storage system with an expected capacity of 375 MWh, located in central Greece.
The implementation of the investment is expected to commence
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