The Avax Group and PPC Renewables signed a contract for the development and management of a 125 MW photovoltaic power plant in Megalopolis.

The project has a budget of €42.9 million and includes the design, supply, construction, and operation of a photovoltaic station at the locations Katarrachia and Tripotamos in the municipality of Megalopolis.

The new project includes connection to an existing 33/150 kV outdoor substation (substation) and extension of this with a new gate.

"The new agreement reflects Avax's strong presence in major energy projects in Greece and abroad, as well as its very good cooperation with PPC Renewables, which was sealed with the recent successful completion of the Agios Christoforos photovoltaic power plant in the municipality of Eordaias with a nominal capacity of 64.983 MW," the statement said.