[Metlen Energy & Metals]
Metlen and Tsakos Group announced on Thursday that they have formalized the launch of their partnership through Metlen’s entry into an existing Special Purpose Vehicle (SPV) of Tsakos Group.
This development marks the next step in the implementation of the two companies’ strategic agreement for the development of one of the largest hybrid renewable energy power generation projects in Greece.
The SPV, in which Metlen has entered with a 40% stake, will undertake the development, construction, operation and commercial management of the project, which will comprise a photovoltaic power station with an installed capacity of 251.9 MW and an energy storage system with a total capacity of 375 MWh, in Central Greece.
