In addition, Ashtrom has a right to take ownership of several other projects at advanced development stages
TEL AVIV, Israel, Oct. 11, 2022 /PRNewswire/ -- Another major milestone for Ashtrom Group (TASE:ASHG) in promoting its renewable energy operations. The subsidiary, Ashtrom Renewable Energy, is reporting its entry to operations in Greece today, following its operations in the U.S. and Poland, which commenced last year. Ashtrom Group announces today that its subsidiary, Ashtrom Renewable Energy, has signed agreements to develop a solar project pipeline in Greece in which a local development partner will develop five projects under initial development and at a cumulative scope of ~476 MW. The cost of establishing the said projects is estimated at €335-380M, based on the assumption that the cost of construction per MW, including the cost of connecting such projects to the grid, estimated at 700-800K€.
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