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ATHENS/LONDON - Metlen Energy & Metals PLC (METLEN) has formed a strategic partnership with Tsakos Group to develop one of Greece’s largest hybrid power generation projects, according to a press release statement issued Thursday.
The companies will establish a joint venture with Tsakos Group holding a 60% stake and METLEN owning the remaining 40%. The project will develop and operate a hybrid power plant combining renewable energy with storage capabilities in Central Greece.
The planned facility will consist of a 251.9 MW photovoltaic park integrated with an energy storage system expected to have a capacity of 375 MWh. Construction is scheduled to begin this year with completion targeted for early 2028.
Under the agreement, METLEN will acquire an equity stake in the project, handle construction responsibilities, and manage the plant’s commercial operations through its Energy Management division.
The project represents a significant development in Greece’s renewable energy sector, combining large-scale solar generation with substantial storage capacity. The partnership aligns with Greece’s ongoing energy transition efforts.
Implementation of the investment is expected to commence in 2026, with both companies positioning the project as an important contribution to the country’s renewable energy infrastructure.
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