Luxcara has reached financial close on an 83MWp solar PV project in Kozani, marking its first investment in Greece.
The company said the project includes around 130,000 PV modules on single-axis trackers and is already under construction.
Luxcara added it has secured a long-term pay-as-produced power purchase agreement with Amazon for the project.
Financing includes support from Greece’s Recovery and Resilience Facility alongside Piraeus Bank and Optima Bank.
The EPC contract has been awarded to Ameresco Sunel Energy.
“Reaching financial close for our first investment in the attractive Greek market underlines Luxcara’s commitment to expanding our European footprint,” said Lorenz Hahn, investment manager at Luxcara.
“We are delighted about the renewed collaboration and trust from Amazon as a strong offtaker.”