Τhe first community solar investment in Athens, Greece
Budget 180 000 €
Model: Virtual-net metering – collective self-consumption / 180 kWps Photovoltaic plant
Status: under development
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Electra Energy Cooperative is proposing and supporting the development of a 180 kWps community solar farm located in the region of Lamia (Central Greece).
The project owner is
HYPERION Energy Community (L4513/2018)
The solar farm will be able to power more than 50 homes and small businesses producing and supplying 264,500 kWh of clean solar power for a period of 25 years.
The solar farm will be licensed and contracted following the rules of the new Ministerial Decision for self–consumption: “Virtual Net Metering”, which allows any member in the Energy Community to own a share of the community solar farm and to benefit from the solar production retrofitting the annual electricity bill.
How community solar works?
A community solar farm is a collectively owned photovoltaic plant distributing electricity to multiple users.
The users are becoming self-producers (prosumers) and co-owners of the solar farm by joining HYPERION Energy Community as members. By becoming members, they are also purchasing cooperative shares and through them a portion of the annual power production of the plant.
The annual energy that is generated by the farm is credited to the member’s electricity bill, in proportion to his/her investment and shares (Virtual Net Metering).
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