Germany’s Luxcara invests in its first Greek solar project

Luxcara, a starring autarkic German plus manager for vigor transition infrastructure projects, announced connected Tuesday it has reached fiscal adjacent for its archetypal vigor infrastructure concern successful Greece.

The project, located successful Kozani, Western Macedonia, will person a total nominal capableness of 83 MWp.

The financing includes contributions from Greece’s Recovery and Resilience Facility (RRF), funded by the European Union – NextGenerationEU, under Greece’s nationalist program “Greece 2.0,” arsenic well arsenic from Piraeus Bank and Optima.

The caller solar works will comprise astir 130,000 photovoltaic modules connected single-axis trackers to optimize vigor yield, the institution said. By tracking the presumption of the sun and thereby optimizing the alignment of the modules, tracker-mounted PV modules tin seizure much irradiation than fixed-mounted modules.

“Reaching fiscal adjacent for our archetypal concern successful the charismatic Greek marketplace underlines Luxcara’s committedness to expanding our European footprint,” stated Lorenz Hahn, Investment Manager astatine Luxcara.

Additionally, Luxcara has secured a semipermanent pay-as-produced powerfulness purcahse ahreement (PPA) with Amazon.

“We are delighted astir the renewed collaboration and trust from Amazon arsenic a strong offtaker. This transaction is simply a large illustration of however Europe’s increasing energy needs tin beryllium met with renewable energy, supporting European vigor independency and future-proofing industries,” Hahn said.

Having acquired a bulk stake successful the task successful 2024, Luxcara awarded the engineering, procurement and operation (EPC) declaration to Ameresco Sunel Energy, a associated venture betwixt Ameresco, a starring cleantech integrator specializing successful vigor ratio and renewable energy, and Sunel Group, a starring planetary solar PV EPC contractor.