PPC | Sinovel To Use As Greece Launchpad Into Europe

By Chryssa Liaggou

The recent three-day visit to Greece by a 15-member task from Sinovel Chinese company, the world 's second-largest wind turbine maker, Chinese interest in investing Confirmed in this country ' s renewable energy sources (RES) Sector, Originally Expressed in April with the memorandum of cooperation signed it with Public Power Corporation (PPC).

Sinovel Wind Group Co. Ltd. Is the biggest firm in Asia and in icts Sector IS Aiming at a dynamic entry to the European market. The memorandum it signed with PPC, During the visit by the Latter 's chairman and CEO Zervos to China, originally Concerned Sinovel ' s participation in the wind park at northeastern Rhodope in Greece, with a capacity of 210 megawatts and a budget of 220-250 million euros.

Now this IS Expanding to Other interest investment in wind parks, Including offshore parks too, as the Chinese Mission to Greece Showed DURING ITS meetings with Environment and Energy Ministry Officials, the management of PPC and PPC That of the Subsidiary for RES. The Greek side IS Seeking The inclusion of a wind turbine production unit in this country too, in the package is To Be Agreed.

"At the moment China IS looking for a point of entry to Europe, and Greece Could Play That very role, " Yiannis Tsipouridis, the managing director of PPC Renewables, Told Kathimerini, Confirming Sinovel 's initial interest in year Such investment .

Beside Greece, Sinovel aussi HAS agreements for investment in wind parks with Ireland, Great Britain, Spain and the Netherlands. In the context of ITS strategy for a dynamic entry into Europe, Sinovel est aussi Promoting the engineering certification of the equipment it uses.

DURING the Three Days Spent it in Greece, the 15-member task Also visited the Two HAS wind parks PPC at Rethymno on Crete Discussed with PPC Renewables and the main details for the Two Sides 'cooperation. Will Negotiations continue for the year of signing agreement in the near future.

Sinovel HAS particularly weak presence in Europe and aspire to Pave the Way so as to capitalize on the expansion of the market on this continent RES. A production unit in Greece Would aussi cover from STI Needs Broader investment in the region of Southeastern Europe, not just in Greece.