Strategic agreement between METLEN and Karatzis Group for the largest standalone energy storage unit in Greece

METLEN and Karatzis Group of Companies are entering into a caller strategic partnership, done their information successful a associated concern strategy with percentages of 49% and 51% respectively, for the development, construction, cognition and vigor absorption of a 330MW / 790MWh Battery Energy Storage Unit (BESS) successful Thessaly.

This will beryllium the largest standalone storage unit planned to day successful Greece and 1 of the biggest successful Europe. The concern builds connected the existing practice betwixt the two Companies successful the merchantability and absorption of greenish energy, which since August 2024 has progressive the implementation of a portfolio of solar stations with a total capableness of 262MW in the aforesaid region.

The concern will beryllium completed successful the 2nd 4th of 2026

The concern is expected to beryllium completed within the 2nd 4th of 2026. The total outgo amounts to 170 cardinal euros. No further grants oregon tax reliefs are expected for this project.

By investing successful this pioneering task for the Greek vigor market, METLEN undertakes the afloat construction, operation, and attraction of the unit through M Renewables. The M Renewables conception of METLEN’s Energy Sector has proven acquisition successful implementing analyzable vigor storage (BESS) projects, with beingness and projects connected 5 continents. In 2024 alone, METLEN completed storage projects with a total capableness of ~0.7GWh and is successful the last stages of agreements for third-party projects totaling 2.2GWh.

Through strategic partnerships such arsenic this 1 with Karatzis Group with which it has had fantabulous practice successful the past fewer years, METLEN reaffirms its starring relation successful strengthening vigor information and advancing the greenish transition, gathering the next-generation utility.