ABO sells 50-MW Greek solar park, completes construction

German renewables developer ABO Wind AG (ETR:AB9) on Wednesday said it has finalised the construction of a 50-MW solar park in northwestern Greece and announced the recent change of ownership to compatriot Wirtgen Invest Energy.

Commercial operations at the Margariti photovoltaic (PV) park will be launched in the middle of next year.

Located in the Epirus region of Greece, the solar farm consists of 3,000 bifacial panels and 10 central inverter stations. It will be hooked to the grid via a nearby substation that is still under construction. When fully operational, the PV park is expected to generate around 76 GWh of electricity annually.

ABO Wind will provide operational management and maintenance services to the plant through its Greek unit. The company noted that Margariti is the largest free-field solar project it has developed and built on a turnkey basis.

ABO Wind, which entered the Greek renewable energy market in 2017, has installed close to 100 MW of PV parks in the Balkan country and is currently working on 850 MW of wind, solar and storage projects. “Our intention is to invest further, reaching a project pipeline of two gigawatts in the coming years [..],” said Spyridon Papalamprou, director of ABO Wind Hellas.

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