FundedSolarbit
Aegean Crest
Sitia, Greece
About this project
Aegean Crest follows the old olive terraces above Sitia in eastern Crete. Its 3.2 MWp have been producing since 2021, feeding an island grid that still burns oil at peak demand.
Revenue comes from a state-backed contract for difference at €71/MWh, which protects income when wholesale prices fall.
The asset
- Plant
- Terraced ground-mounted PV
- Capacity
- 3.2 MWp
- Grid connection
- 2021
- Site
- 6 ha
Location
Eastern Crete has some of the strongest sunshine in Europe; the island grid still relies on oil at peak demand, so every solar megawatt-hour displaces diesel and heavy fuel oil.
