Eurobank and the Greek Public State have inked a financing agreement with Enipeas Single-Member S.A, a subsidiary of Lightsource bp in alignment with Greece’s National Recovery and Resilience Plan ‘Greece 2.0’. The Enipeas project requires a total investment of €395.15 million for completion. The project is anticipated to be integrated into the grid by 2026 and is projected to generate 0.90 TWh in its initial year of operation. This capacity is set to cover nearly 2 per cent of domestic energy production while mitigating 379 kt of carbon emissions annually.
The €395.15 million investment, earmarked for the Green Transition segment of the Recovery and Resilience Fund (RRF), is structured around a long-term loan of €315.34 million. This loan incorporates €170 million from RRF funds and €145.34 million in financing from Eurobank. Lightsource bp will contribute the remaining 20 per cent of the investment, totaling €79.82 million from its own resources.
The Enipeas solar project will be developed across the Greek regions of Larissa and Fthiotida, located in the east of Greece’s mainland. It will feature two sub-areas, a 400 MW southern cluster, and a 160 MW northern cluster. A total of 968,630 PV modules will be installed, covering an area of around 2,802 hectares.
