Phoenix Solar’s Greece subsidiary Phoenix Solar EPE has secured an EPC contract for the solar facility from US-based Sol Power, Production and Trading Electricity.
Phoenix Solar has agreed to deliver modules, inverters and components as well as design and construct the solar park in Kolindros.
Construction work began in September and grid connection has been scheduled before the end of this month.
The power plant consists nearly 5,600 crystalline solar modules that will deliver about 1,400MWh of environmentally compatible electricity annually.
The electricity generated by the solar modules is enough to power 450 average Greek households and avoid about 1,600 tons of CO2 emissions a year.
Phoenix Solar in Greece general manager Christos Protogeropoulos said the financing by Cypriot investors and German know-how are the ideal preconditions for new green investments in Greece.
"The country is currently searching for foreign investors to help overcome the difficult economic situation", Protogeropoulos said.
