Ameresco Sunel Energy SA Begins Construction on Lightsource bp's 560 MWp ENIPEAS Solar Project in Greece
Ameresco Sunel Energy SA has begun construction on Lightsource bp's 560 MWp ENIPEAS solar project in Greece, one of Europe's largest solar sites. The project, located in Larissa and Fthiotida regions, consists of two clusters: Skopia (400 MWp) and Kalithea (160 MWp). It will install nearly 970,000 photovoltaic modules, generating 0.90 TWh of electricity annually, powering 225,000 households, and reducing CO2 emissions by 379 kt per year.
The project is expected to complete within 18 to 24 months and will significantly contribute to Greece's sustainable energy goals and economic resilience. Ameresco Sunel Energy SA, a joint venture between Ameresco, Inc. (NYSE: AMRC) and Sunel Group, is committed to supporting local communities through employment and services.
Ameresco Sunel Energy SA ha avviato la costruzione del progetto solare ENIPEAS da 560 MWp di Lightsource bp in Grecia, uno dei più grandi siti solari d'Europa. Il progetto, situato nelle regioni di Larissa e Fthiotida, è composto da due cluster: Skopia (400 MWp) e Kalithea (160 MWp). Saranno installati quasi 970.000 moduli fotovoltaici, generando 0,90 TWh di elettricità all'anno, alimentando 225.000 abitazioni e riducendo le emissioni di CO2 di 379 kt all'anno.
Il completamento del progetto è previsto entro 18-24 mesi e contribuirà significativamente agli obiettivi di energia sostenibile della Grecia e alla resilienza economica. Ameresco Sunel Energy SA, una joint venture tra Ameresco, Inc. (NYSE: AMRC) e Sunel Group, è impegnata a supportare le comunità locali attraverso l'occupazione e i servizi.
Ameresco Sunel Energy SA ha comenzado la construcción del proyecto solar ENIPEAS de 560 MWp de Lightsource bp en Grecia, uno de los sitios solares más grandes de Europa. El proyecto, ubicado en las regiones de Larissa y Fthiotida, consta de dos clústeres: Skopia (400 MWp) y Kalithea (160 MWp). Se instalarán casi 970,000 módulos fotovoltaicos, generando 0.90 TWh de electricidad anualmente, suministrando energía a 225,000 hogares y reduciendo las emisiones de CO2 en 379 kt al año.
Se espera que el proyecto se complete en un plazo de 18 a 24 meses y contribuirá significativamente a los objetivos de energía sostenible y a la resiliencia económica de Grecia. Ameresco Sunel Energy SA, una empresa conjunta entre Ameresco, Inc. (NYSE: AMRC) y Sunel Group, está comprometida a apoyar a las comunidades locales a través del empleo y los servicios.
아메레스코 수넬 에너지 SA는 그리스에 있는 라이트소스 bp의 560 MWp ENIPEAS 태양광 프로젝트 건설을 시작했습니다. 이 프로젝트는 유럽에서 가장 큰 태양광 사이트 중 하나로, 라리사 및 프티오티다 지역에 위치하고 있으며, 두 개의 클러스터로 구성되어 있습니다: 스코피아 (400 MWp)와 칼리테아 (160 MWp). 거의 970,000개의 태양광 모듈이 설치되어 연간 0.90 TWh의 전기를 생산하며, 225,000가구에 전력을 공급하고 매년 379kt의 CO2 배출량을 줄입니다.
이 프로젝트는 18~24개월 내에 완료될 것으로 예상되며, 그리스의 지속 가능한 에너지 목표와 경제적 회복력에 중요한 기여를 할 것입니다. 아메레스코 수넬 에너지 SA는 아메레스코, Inc. (NYSE: AMRC)와 수넬 그룹 간의 합작 투자로, 고용 및 서비스를 통해 지역 사회를 지원하는 데 전념하고 있습니다.
Ameresco Sunel Energy SA a débuté la construction du projet solaire ENIPEAS de 560 MWp de Lightsource bp en Grèce, l'un des plus grands sites solaires d'Europe. Le projet, situé dans les régions de Larissa et de Fthiotida, se compose de deux clusters : Skopia (400 MWp) et Kalithea (160 MWp). Près de 970 000 modules photovoltaïques seront installés, générant 0,90 TWh d'électricité par an, alimentant 225 000 foyers et réduisant les émissions de CO2 de 379 kt par an.
Le projet devrait être achevé dans un délai de 18 à 24 mois et contribuera de manière significative aux objectifs d'énergie durable et à la résilience économique de la Grèce. Ameresco Sunel Energy SA, une coentreprise entre Ameresco, Inc. (NYSE: AMRC) et Sunel Group, s'engage à soutenir les communautés locales par le biais de l'emploi et des services.
Ameresco Sunel Energy SA hat mit dem Bau des 560 MWp ENIPEAS Solarkraftwerks von Lightsource bp in Griechenland begonnen, einem der größten Solarstandorte Europas. Das Projekt, das sich in den Regionen Larissa und Fthiotida befindet, besteht aus zwei Clustern: Skopia (400 MWp) und Kalithea (160 MWp). Es werden fast 970.000 Photovoltaikmodule installiert, die jährlich 0,90 TWh Strom erzeugen, 225.000 Haushalte versorgen und die CO2-Emissionen um 379 kt pro Jahr reduzieren.
Der Abschluss des Projekts wird innerhalb von 18 bis 24 Monaten erwartet und wird erheblich zu den Zielen Griechenlands in Bezug auf nachhaltige Energie und wirtschaftliche Resilienz beitragen. Ameresco Sunel Energy SA, ein Joint Venture zwischen Ameresco, Inc. (NYSE: AMRC) und Sunel Group, engagiert sich dafür, die örtlichen Gemeinschaften durch Beschäftigung und Dienstleistungen zu unterstützen.
- Secured contract for one of Europe's largest solar projects (560 MWp)
- Project expected to generate 0.90 TWh of electricity annually
- Will power 225,000 households and reduce CO2 emissions by 379 kt per year
- Boosting local economy through employment and services
- Aligns with Greece's decarbonization and energy independence goals
- None.
Insights
The announcement of Ameresco Sunel Energy SA's involvement in constructing Lightsource bp's 560 MWp Enipeas solar project in Greece is a significant development for Ameresco, Inc. (NYSE: AMRC). This project, one of Europe's largest solar sites, represents a substantial business opportunity for Ameresco and its joint venture with Sunel Group.
Key financial implications include:
- Potential revenue boost: While specific contract values aren't disclosed, a project of this scale typically involves
hundreds of millions of dollars in revenue for the EPC contractor. - Long-term income stream: The 18-24 month construction timeline, followed by operations and maintenance responsibilities, suggests a multi-year revenue opportunity for Ameresco.
- Market expansion: This project strengthens Ameresco's position in the European renewable energy market, potentially leading to future contract wins.
- Diversification: The joint venture with Sunel Group allows Ameresco to share risks and resources while expanding its global footprint.
Investors should monitor Ameresco's upcoming financial reports for details on how this project impacts the company's backlog, revenue recognition and profit margins. The scale of this project could significantly influence Ameresco's financial performance in the coming years, potentially driving stock price movements as progress is reported.
The Enipeas solar project marks a significant milestone in Greece's renewable energy landscape, with far-reaching implications for the country's energy sector and economy. Here's why this project is noteworthy:
- Scale and Impact: At 560 MWp, this is one of Europe's largest solar installations, capable of powering 225,000 households and reducing CO2 emissions by 379 kt annually.
- Energy Independence: The project aligns with Greece's strategy to reduce reliance on fossil fuel imports, enhancing energy security.
- Economic Boost: Beyond clean energy production, the project stimulates local economies through job creation and increased demand for services.
- Technological Advancement: The installation of nearly 970,000 photovoltaic modules showcases the rapid scaling of solar technology in Europe.
This project could serve as a catalyst for further large-scale renewable energy developments in Greece and neighboring countries. It demonstrates the viability of mega-solar projects in Southern Europe, potentially attracting more international investors and developers to the region. The success of this project could influence energy policies and accelerate the transition to renewables across the Mediterranean.
The Enipeas solar project presents significant environmental benefits, but it's important to consider both positive and potential negative impacts:
Positive Environmental Impacts:
- Carbon Reduction: The project is expected to reduce CO2 emissions by 379 kt per year, contributing substantially to Greece's climate goals.
- Clean Energy Generation: Producing 0.90 TWh of electricity annually from solar power reduces reliance on fossil fuels.
- Land Use Efficiency: Large-scale solar projects can be more efficient in terms of land use compared to distributed small-scale installations.
Potential Environmental Considerations:
- Habitat Disruption: The large land area required (560 MWp) could impact local ecosystems and wildlife habitats.
- Water Usage: Solar panel cleaning and maintenance may require significant water resources in a potentially water-stressed region.
- End-of-Life Management: Planning for the eventual decommissioning and recycling of solar panels will be important for long-term sustainability.
It's important to note that the press release doesn't mention specific environmental mitigation strategies. Investors and stakeholders should look for detailed environmental impact assessments and management plans as the project progresses to ensure its long-term sustainability and minimal ecological footprint.
Solar Panels (Photo: Business Wire)
Lightsource bp, a global leader in the development and management of solar energy projects, started its operations in the
The Enipeas project is located in the regions of Larissa and Fthiotida and it is expected to reach completion within 18 to 24 months. The project comprises two clusters: Skopia, a 400 MWp southern cluster and Kalithea, a 160 MWp northern cluster, where nearly 970,000 photovoltaic modules will be installed. Upon completion, the project is expected to generate 0.90 TWh of electricity annually, powering 225,000 households and reducing CO2 emissions by 379 kt per year.
“The 560 MWp Enipeas project contributes substantially to create a more sustainable future for
As the EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) provider, Ameresco Sunel Energy SA is dedicated to ensuring the project's success through sustainable practices. Ameresco Sunel Energy SA is deeply committed to supporting local communities through this project, having already hired several local contractors and service providers, including a local civil contractor, community liaison officer, security guards, environmental subcontractors, water supply services, aggregates, and concrete supplies as well as a welfare cleaner. Ameresco Sunel Energy SA has rented several accommodations in Skopia Village for project personnel and provided two tractors to the communities of Skopia and Kallithea. The team plans to further boost local employment by hiring additional workers, security guards, and subcontractors for various construction and infrastructure related jobs.
“Our efforts align with Lightsource bp’s commitment of delivering cleaner, more secure energy while using local talent as much as possible for Greece,” said George Sakellaris, CEO at Ameresco. “We’re excited to work with the Lightsource bp -team in supporting the country’s decarbonization and energy independence goals as well as the local economy.”
"We are thrilled to be part of the Enipeas Solar PV Project. This collaboration with Ameresco and Lightsource bp highlights our commitment to accelerating the transition to renewable energy in Greece” said Konstantinos Zygouras, CEO of Sunel Group. "Our team is dedicated to delivering high-quality EPC services that will make a lasting impact on the local community and environment."
To learn more about Ameresco, visit www.ameresco.com.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes solutions that help customers reduce costs, decarbonize to net zero, and build energy resiliency while leveraging smart, connected technologies. From implementing energy efficiency and infrastructure upgrades to developing, constructing, and operating distributed energy resources – we are a trusted sustainability partner. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, utilities, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects. Most recently, bp has announced the intention to fully acquire Lightsource bp. It is currently operated as a 50:50 joint venture with bp.
Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 1200 industry specialists, working across 19 global regions. We provide a full service to our customers, from initial site selection, financing and permitting through to long-term management of solar projects.
For more information visit lightsourcebp.com, follow us on Twitter @lightsourcebp, Instagram @lightsourcebp, youtube @lightsourcebp or view our LinkedIn page.
About SUNEL Group
SUNEL Group is an international EPC contractor and Developer. Founded in 2006 by Greek stakeholders, the group has won the trust of the international investment community by its professionalism, reliability, efficiency, and work ethics, thus creating a strong and recognizable brand. Since 2012, Sunel has been rapidly expanding, by establishing operational centers in
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. The company’s share of this project was included in our previously reported contracted backlog as of March 31, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240725268408/en/
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
Source: Ameresco, Inc.
FAQ
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