ECONOMY

German solar-energy company plans Greek projects

Conergy AG (CGYK), a German solar-energy company, and Athens-based MGD Energy plan to operate six solar plants in Greece with a total capacity of 3 megawatts, enough to supply 1,100 households.

The plants will supply as much as 4.3 million kilowatt- hours of electricity a year, according to a statement posted on Conergy?s website on Tuesday.

Solar-power generation in Greece climbed 65 percent to 724.18 watts in the first half of the year, the state-controlled electricity market operator, known as Lagie, said in July.

Conergy and MDG plan more joint projects in the country, according to the statement. [Bloomberg]