Athens-based PPC hopes to select a financial partner by this summer, with construction at the €600m ($810m) project, which will tip the scales at 200MW, to commence by the end of the year and be finished by mid-2012.

The array will be located in Kozani, northern Greece, and, alongside an associated module factory to be built near the site, will create 200 permanent jobs. The project will produce an estimated 260,000MWh of electricity a year.

“This is a great step toward the fulfillment of a viable energy policy for our country, as well as a new growth prospect for the local community,” says PPC chief executive Arthouros Zervos.