A ceremony marking the start of construction of one of Greece’s largest hybrid renewable energy projects was held in Domokos. The project is being developed jointly by METLEN and the Tsakos Group.
The event marked the strategic partnership between the two companies moving into the next, substantive phase of construction, according to a joint announcement. Representatives of the Hellenic Parliament, the regional governor of Central Greece, the mayor of Domokos, local government officials, and representatives of institutional and business organisations attended the ceremony.
The project comprises a 251.9 MW solar power plant, combined with an energy storage system with an expected capacity of 375 MWh. It is being developed through a special-purpose joint venture in which the Tsakos Group holds a 60% stake and METLEN 40%. METLEN is responsible for construction, as well as the plant’s energy and commercial management.
The project is an investment of particular importance for Central Greece and the country’s energy transition, combining large-scale clean energy generation with storage. It also offers prospects for growth and broader benefits for the region, with a focus on sustained cooperation with local government and communities.
Captain Panagiotis Tsakos, founder of the Tsakos Group, said: “Today is a special day for all of us, and even more so for me. It marks the beginning of an important project, as well as our contribution to helping shape a more sustainable energy future for our homeland, using our own resources.
This project is about more than generating electricity. It is about harnessing the natural potential of the Greek land, technological progress, energy security and, above all, our responsibility to future generations.”
Nikos Tsakos, CEO of TEN Ltd., said: “In shipping, we have learned to transport energy from one end of the world to the other. For decades, our group’s ships have been part of this global effort. We transport energy resources that power the economy, supply industry and support the daily lives of millions of people.
With our project here in Domokos, we are taking another step. We are moving from transporting energy to generating it. From the sea to the land. From ships that carry energy around the world to projects that harness the Greek sun and store energy so it is available when society needs it.
At the same time, our partnership with the METLEN Group is an example of what international Greek companies can achieve by working together when they share values, expertise, an outward-looking approach and a commitment to their country.”
Evangelos Mytilineos, Executive Chairman of METLEN, said: “Today marks the transition from planning to action. Together with the Tsakos Group, we are moving ahead with an investment of particular importance for the country’s new energy system, drawing on METLEN’s expertise and international experience in the construction and management of complex energy projects.
At the same time, we want this project to be developed in close connection with the region and to create meaningful value for the local community and the Greek economy.”
The start of construction is another important milestone in the partnership between the two groups and paves the way for a new-generation energy infrastructure project that will contribute to security of supply, flexibility in the electricity system and the further development of Greece’s renewable energy potential.
Drawing on its proven international experience in delivering complex hybrid projects combining solar generation and energy storage, METLEN is strengthening its leading role in the country’s energy transition through strategic partnerships such as this one with the Tsakos Group, helping to shape the Utility of tomorrow.