Greek renewable energy company Faria Renewables has secured approval for the construction of 650 MW of wind and solar farms with storage facilities.

The power producer licenses were issued by the Regulatory Authority for Waste, Energy and Water (RAAEY). They cover 17 renewable energy projects, of which 12 envisage the construction of wind farms with a combined capacity of 485.7 MW and five schemes for 164.3 MW of photovoltaic parks.

The largest of the approved projects calls for the construction of two 81-MW wind farms in the Evrytania regional unit. Six plants totalling 234 MW will be built at the same location and additional wind turbine capacity will be installed in Thessaly, Central Macedonia and Western Macedonia.

The proposed solar parks will be located in Thessaloniki, northwestern Macedonia and Central Macedonia.

Faria was launched in 2023 by Faria Group and Omnes Capital’s Capenergie 5 Fund. Its current development pipeline, including onshore wind, solar, hybrid sites and battery storage, tops 2 GW. Some 40 MW of solar farms are under construction, with this capacity to reach 200 MW by end-2024.