State-controlled gas company DEPA Trade is planning to obtain connection permits for its portfolio of 840 MW in renewable energy projects by the end of this month.
The company is planning to use its RES portfolio to conclude power purchase agreements (PPA) with large electricity consumers as well as with its electricity supply subsidiary Fysiko Aerio.
DEPA Trade adopted a business plan which envisages investments in renewable energy projects prior to the pandemic and, currently, its projects reaching advanced stages in licensing procedures have surpassed 600 MW.
DEPA Trade holds 49 % stake in renewable energy developer North Solar, a company with 500 MW RES portfolio in the pipeline, with an option to acquire the remaining stake.
