EPC contract awarded for 50 MW CSP project in Greece

Greece MINOS 50MW CSP project
03 Dec 2019

Past November 11th, Chinese President Xi Jinping and Greek Prime Minister Kyriakos Mizotakis witnessed the text exchange of MINOS 50 MW Concentrating Solar Power project financing Cooperation Agreement. Four major parties of the solar thermal project, namley the financing party, project EPC contractor, project developer, and local construction company signed the Cooperation Agreement.

Consortium formed by China Gezhouba Group International Engineering Co., Ltd (shorted as CGGC), Energy China Group and Zhejiang Supcon Solar Technology Co., Ltd. (shorted as Supcon Solar) will be awarded as EPC contractor, while Greek local company PRENECON S.A. will be responsible for the project construction, and China ICBC will provide financing support for the project.

MINOS will be located in the southeast of Crete, Greece, and will be the first CSP project in the country. The cooperation in the development and construction of this CSP project is regarded as a great sample for the cooperation between China and Europe under the “BRI (Belt and Road Initiative)”. The MINOS plant will generate calculable and continual electricity from solar energy from the site in Crete that is considered one of the best in Europe for the production of the highest solar energy capacity.

The project will take tower CSP technology with an installed capacity of 50MW and a 5-hour molten salt heat storage system, and is expected to be executed based on the technology and project development & construction experience of Supcon Solar. Once completed, it can provide high-quality clean electricity equivalent to 10% of local electricity demand every year. While meeting the increasing power demand of the local area, it is of great significance to greatly increase the proportion of local clean energy and protect the island’s ecological environment and tourism resources.

For further information: http://www.cspfocus.cn/en/market/detail_2358.htm