The power generated from the investment in question is sufficient to electrify a city with a population of 10,800 inhabitants or equivalent to 3,730 households. To generate the same power with oil, it would require 24,450 barrels of oil annually.
Given that the clean energy to be produced by the photovoltaic power plant substitutes the power alternatively generated from lignite, the investment will avert the release in the air of around 18,600 tons of carbon dioxide annually. From environmental point of view, the above is equivalent to the benefits offered by 1 million trees or else 20,000 stremma of forest and also equivalent to placing out of circulation 6,000 cars of medium cubic capacity.
The financing was based on project finance structure and was implemented by the specialized team of Piraeus Bank Group Large Corporates and Project Finance Division, holding a leading position in project financing in the area of renewable energy sources. For the transaction implementation, Piraeus Real Estate acted on behalf of Piraeus Bank as technical advisor and Piraeus Insurance Brokers as insurance advisor.