COUNTRY: GREECE

ISLAND: KYTHNOS

PROJECT PROMOTERS: PUBLIC POWER CORPORATION RENEWABLES SA (PPCR)

SECTOR: WIND, STORAGE

PROJECT VALUE: 1,750,000 €

WHAT IS THE PROJECT ABOUT?

• The proposed project includes the replacement of PPCR’s existing wind turbine with modern, state-of-the-art wind turbine and a ‘behind-the-meter’ lithium-ion battery.
• This innovative arrangement allows the full exploitation of the wind turbine’s installed capacity, using a large amount of energy that would under other circumstances be discarded.
• The project has high replicability as it applies to almost all the wind farms located on Greek islands that will need repowering soon.
• Kythnos has a long history of innovative energy projects since 1982 and the installation of Europe’s first wind farm

HOW WILL THE EU ISLANDS FACILICY NESOI SUPPORT THE PROJECT?

• Analysis of permitting procedures, proposed contractual framework, design options, technical documentation, workplan and cost assumptions
• Identification of existing litigations/appeals and evaluation of the associated risks
• Analysis of the soundness of the assumed economic and financial inputs
• Risk analysis and identification of available mitigation strategies
• Listing of condition precedents (CPs) for successive project implementation steps (e.g. tender adjudication, financial close and disbursement, start construction, etc.)
• Action plan and project identification of monitoring procedures

NESOI CONTACT

Avraam Kartalidis, CERTH, kartalidis@certh.gr

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