Mytilineos Group on Tuesdsay announced that its subsidiary, METKA EGN, has signed a contract with Talasol Solar S.L.U., a subsidiary of Ellomay Capital Ltd., to set up a large-scale solar power plant, with an installed capacity of 300 MWp in the municipality of Talav?n, C?ceres, Spain.

The signing of the agreement took place on Monday, 18 June at Mytilineos headquarters in Athens.

The scope includes the engineering, procurement and construction (EPC) of the Talasol Project and the ancillary facilities for injecting power into the grid, including a 400 kV step-up substation, a high voltage interconnection line to the point of connection to the grid and provide up to two years of operation and maintenance (O&M) services. The contract value is just under 200 millon euros.

The selection of METKA EGN for this project consolidates the company’s position as an international leader in providing competitive EPC solutions for the global solar industry.

Evangelos Mytilineos, Chairman and CEO of Mytilineos Group, commenting on the agreement, stated: “ We appreciate the confidence placed in us by Ellomay. This project is a landmark in terms of competitive, subsidy-free solar power in Europe and we look forward to successfully completing it on time and certainly on budget. We are committed to further expanding our activity in this growing market, both in terms of supporting major global clients with competitive EPC solutions, but also building up our own project development and investment activity in the sector.”