Model: Virtual-net metering / collective self-consumption
Capacity: 500 kWp Photovoltaic plant
Status: under construction
HYPERION on media and press
HYPERION is a SCCALE programme pilot site
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Construction of a 500 kWp community solar station located in Korinthos
The project owner is
HYPERION Energy Community (L4513/2018)
The solar farm will be able to power more than 80 families, SMEs, NGOs, and energy-poor households by generating over 750,000 kWh of clean energy annually over a period of 25 years.
The model of “Virtual Net Metering” will be applied. The model allows members to own shares of the community solar farm and to benefit from the energy 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).
GEMI Registration number: 166251161000
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