HELLENIC PETROLEUM RENEWABLE ENERGY SOURCES S.A. (HELPE Renewables) was founded in 2006 and is a fully owned subsidiary. The company’s object of business is the production and trading of energy products produced by renewable energy sources.
HELPE Renewables plans to develop significant wind, photovoltaic, and biomass capacity in the next few years, diversifying the Group’s energy portfolio and contributing to balancing its greenhouse gas emissions.
The following stations are in operation:
- 7 P/V stations located on property owned by the Group with a total nominal capacity of 19 MW. These include four P/V projects with a total capacity of 17.6 MW of the first tender process organized by RAE (2016).
- A wind farm with a capacity of 7 MW in Pylos in Messinia
- 11 PV with net-metering systems totaling approximately 135 KW, installed at EKO and BP fuel stations.
The following projects are in various stages of development:
- 2 P/V projects with a capacity of 12 MW, on property owned by the Group.
- 2 biomass power and heat generation units (using agricultural residues as a source of energy) with a total capacity of 9.7 MW
- 94 MW photovoltaic portfolio, as well as wind and hybrid projects in cooperation with LARCO.
- In 2018, the Group submitted applications for production licensing for projects with a total capacity exceeding 265 MW, whose evaluation is expected.
- • Applications for the issuance of production licenses for RES projects (PV and wind) with a total capacity of 599 MW, which were submitted in 2019.
- At the same time, HELPE Renewables continuously assesses investments in own production for own consumption at the Group facilities, which are connected to the LV and MV networks.
On February 17, 2020, HELPE signed an agreement for the acquisition of a portfolio of photovoltaic projects at the final permitting stage, in the area of Kozani, N. Greece from the German RES developer and contractor JUWI.
The project, with a total installed capacity of 204 MW, will be the largest RES plant in Greece and one of the five largest PV plants in Europe. It is expected to generate 300 GWh annually, sufficient to power 75,000 homes with zero-emission energy, with a CO2 emission avoidance of around 300,000 tons p.a. The total investment will amount to €130m, with a significant benefit for the economy, particularly in N. Greece, as over 300 jobs will be created during the construction phase, as well as dozens of direct and indirect jobs created during operation, most of which will be filled from the local community
HELPE Renewables follows the Safety and Environment procedures adopted by the Group with regard to compliance, reporting, risk and accidents prevention, and management, both during the construction phase as well as operation. An S&E engineer is appointed for each new project, entrusted with monitoring the relevant issues, supervising works, and the S&E licensing stage, as well as the validity term and the renewal of licenses.
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