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PPC Renewables signs MOU on geothermal development on island of Santorini

Santorini, Greece (source: flickr/ Alberto d'Argenio, creative commons)
Alexander Richter 6 Dec 2017

Greek renewable energy developer PPC Renewables has signed an MOU with state and local government on development of a geothermal project on the island of Santorini, Greece.

Last week, it was announced that the development of the geothermal fields of (the island of) Santorini and the management of the urban waste of the region goes to PPC Renewables following a Memorandum of Understanding signed between the Deputy Minister of Shipping and Island Policy, Nektarios Santorinis , Mayor of Thera, Anastasios-Nikolaos Zorzos and the CEO of PPC Renewables , Elias Monachia and approved by the Municipal Council of Thira.

More specifically, PPC Renewables will undertake the possibility of developing geothermal energy on the island for power generation, heating, cooling, seawater desalination and use for hot springs.

The development of a geothermal power plant with the exploitation of the geothermal potential, aims to cover the current and future needs of the island, even in a peak period, ensuring the energy autonomy and stability of the island’s network. Using geothermal energy will definitively solve the issue of providing high-quality drinking water to residents and visitors.

In addition, cooling-heating needs for hotels and irrigation needs can be covered by the desalination method, giving opportunities for development and the agricultural sector. During the construction phase of the project, as well as during the operation of the facilities, new jobs will be created which will be mainly covered by the inhabitants of the island.

Geothermal fluids can support the growth and operation of hot spas (SPAs), which will give even greater impetus to tourism development, but also to prolong the tourist season in one of the most popular tourist destinations in the world, such as Santorini.

The development of geothermal fields will be in accordance with national and European legislation, gradually and in full co-operation with the Municipality of Thira and the local community. which will give even greater impetus to tourism development, but also to prolong the tourist season in one of the most popular tourist destinations in the world, such as Santorini.

The development of geothermal fields will be in accordance with national and European legislation, gradually and in full co-operation with the Municipality of Thira and the local community. which will give even greater impetus to tourism development, but also to prolong the tourist season in one of the most popular tourist destinations in the world, such as Santorini. The development of geothermal fields will be in accordance with national and European legislation, gradually and in full co-operation with the Municipality of Thira and the local community.

At the same time, PPC Renewables will contribute to the study and management of urban waste in the area, as well as to the development and construction of a plant using the optimal environmental and financial management system to produce energy. Not only will the big problem of urban waste disposal be tackled, but Santorini will emerge as a model island that exploits the waste, instead of having it, outside of national and European policy.

PPC Renewables Chief Executive Officer Ilias Monacholias said: “We are of utmost importance for the sustainable development of the islands and especially of the islands that attract tourism, investing in the management of waste with energy production and electricity from renewable energy sources.

In particular, potential geothermal exploitation can, in addition to significant environmental and economic benefits, be a strong attraction for new visitors, as well as a venue for conferences and an extension of the tourist season.

I would like to thank you for the opportunity with the Ministry and the Municipality of Thira, the Deputy Minister of Shipping and Island Policy, Nektarios Santorinios and Mayor Nikos Zorzos for their opportunity to contribute with our own efforts to a big plan for the modernization and development of the islands.

Source: Insider