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Groundbreaking Begins At Massive Greek Solar Power Project

Ameresco Sunel Energy Kicks Off Construction of Lightsource BP’s 560MW Enipeas Solar Project in Greece

Ameresco Sunel Energy has embarked on the ambitious construction of Lightsource BP’s 560MW Enipeas solar project in Greece. This significant venture, co-funded by the European Union through the “NextGenerationEU” fund, spans the regions of Larissa and Fthiotida and is slated for completion within 18 to 24 months.The Enipeas project is divided into two major clusters: Skopia, a 400MW southern cluster, and Kalithea, a 160MW northern cluster. Nearly 970,000 photovoltaic modules will be installed across these clusters. Once operational, the project is expected to generate 0.90TWh of electricity annually, supplying power to approximately 225,000 households and reducing CO2 emissions by 379kt per year.

Ameresco Sunel Energy, a joint venture between solar leader Ameresco and EPC specialist Sunel Group, is at the helm of this groundbreaking project.Lightsource BP, which began operations in the UK in 2010, has grown to develop over 9.5GW of solar projects across 19 markets. Natalia Paraskevopoulou, Lightsource BP’s Head of Country for Greece, expressed her enthusiasm for the project: “The 560MWp Enipeas project contributes substantially to creating a more sustainable future for Greece. It will provide affordable, secure, and cleaner energy, supporting the country’s decarbonisation goals and energy independence. We are excited to partner with Ameresco Sunel Energy SA on Enipeas, one of the largest clean energy projects of its kind in Europe.”

She added, “Additionally, the Enipeas project will boost the local economy. The presence of workers and contractors will drive demand for housing, groceries, and other local services, generating additional income for local businesses and entrepreneurs.”Ameresco Sunel Energy has already engaged several local contractors and service providers, including a local civil contractor, community liaison officer, security guards, environmental subcontractors, water supply services, aggregates, and concrete suppliers, as well as a welfare cleaner. The company has also rented accommodations in Skopia village for project personnel and provided tractors to the communities of Skopia and Kallithea.The team plans to further boost local employment by hiring additional workers, security guards, and subcontractors for various construction and infrastructure-related jobs. George Sakellaris, CEO at Ameresco, noted, “Our efforts align with Lightsource BP’s commitment to delivering clean, secure energy while utilizing local talent as much as possible.”This monumental project not only marks a significant step towards a sustainable energy future for Greece but also underscores the powerful impact of collaborative efforts in the renewable energy sector.

#RenewableEnergy #SolarPower #Greece #EnipeasProject #Sustainability #CleanEnergy #LocalEconomy #AmerescoSunelEnergy #LightsourceBP #NextGenerationEU #GreenEnergy #Decarbonisation #EnergyIndependence

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Masdar Secures 2.5GW Solar Energy Deal In Spain

Masdar and Endesa Forge Landmark 2.5GW Solar Energy Partnership in Spain

Masdar has inked a significant agreement with Endesa, a subsidiary of Enel, to jointly own 2,500MW of renewable energy assets in Spain, pending regulatory approvals and other conditions. This landmark deal positions Masdar as a key player in one of Spain’s largest renewable energy transactions.

Under the agreement, Masdar will invest €817 million to acquire a 49.99% stake in the projects, bringing the total enterprise value to €1.7 billion. The portfolio includes 48 operational solar plants with a combined capacity of 2GW. In addition, Masdar and Endesa plan to integrate a 0.5GW battery energy storage system (BESS) into these projects, enhancing their efficiency and reliability.

This partnership strengthens Masdar’s reputation as a trusted global energy partner for governments, investors, developers, and communities. It also underscores Masdar’s commitment to accelerating the energy transition in Spain and Europe, supporting Spain’s National Energy and Climate Plan (NECP) and the EU’s net zero by 2050 targets.

Beyond the acquisition, Masdar and Endesa have signed a memorandum of understanding (MoU) to explore further collaboration on renewable energy projects in Spain. This alliance aims to foster innovation and development in the renewable energy sector.

Dr. Sultan Al Jaber, Chairman of Masdar, remarked, “Building on Masdar’s global expertise and pioneering approach to renewable energy innovation and development, this partnership underscores our commitment to unlocking clean energy capacity in Spain, Europe, and around the world. Supporting the global mandate enshrined in COP28’s UAE Consensus, we aim to triple renewable energy capacity by 2030, enabling a just, orderly, and equitable energy transition. Masdar is accelerating its ambitious growth plans as we target 100GW of renewable energy capacity by the end of the decade.”

Flavio Cattaneo, Chief Executive of Enel Group, added, “We are pleased that Enel, through its subsidiary Endesa, has started this partnership with a major player such as Masdar. Looking ahead, we hope to carry out similar transactions in other geographies.”

This collaboration marks a significant milestone in the journey toward a sustainable future, showcasing the combined efforts of Masdar and Endesa to drive the renewable energy agenda forward.

#RenewableEnergy #SolarPower #Masdar #Endesa #Spain #CleanEnergy #Sustainability #EnergyTransition #BatteryStorage #NetZero #COP28 #GreenFuture