ELPE produces power through solar energy

Hellenic Petroleum SA, Greece?s largest refiner, said on Monday that its first power unit that produces electricity using the sun had successfully begun operations. The photovoltaic unit has generating capacity of 500 kilowatts and will have annual power production of about 740,000 kilowatt hours, the Athens-based company said in an e-mailed statement.

ELPE has other solar projects, either being implemented or submitted for approval, which correspond to more than 90 megawatts of capacity, as well as a 4.7 megawatt biomass unit, according to the statement.

These projects will contribute to its goal of reducing carbon dioxide emissions by at least 250,000 metric tons a year, the company said. ELPE said in July last year it aims to produce electricity from renewable sources equivalent to 100 megawatts by mid-2014.