Corinth Pipeworks, in collaboration with Survey Digital Photovoltaics and Sirec Energy, proudly announces the electrification of the largest industrial rooftop photovoltaic (PV) system in Greece, a landmark project setting new standards in the sustainable development of industry.
The 7.1 MW system was installed at the company’s state-of-the-art plant in the Thisvi Industrial Area
and consists of 12,000 solar panels, utilizing advanced Behind-the-Meter technology to directly power the production facilities.
The project was entirely designed and implemented by Survey Digital Photovoltaics and financed through an innovative ESCO scheme by Sirec Energy and Survey Digital Photovoltaics in collaboration with Piraeus Bank. Under the terms of the 10-year lease, the system will be transferred at no cost to Corinth Pipeworks, ensuring long-term benefits both for the company and for the environment.
Key features of the project:
- Annual renewable energy generation of 10,000 MWh, covering approximately 25% of the plant’s electricity needs.
- Direct consumption model with no injection into the high-voltage grid, ensuring full utilization of the generated energy while considering the energy consumption profile of the production process.
- Installation across two factory rooftops, covering nearly 60,000 m² at a height of 10 meters.
- Reduction of CO₂ emissions by approximately 4,000 tons annually.
This initiative strengthens the company’s carbon reduction strategy, exceeding its 2025 target of sourcing 80% of its energy consumption from renewables through the combination of this system and its renewable energy power purchase agreement (PPA) from a wind farm, while also highlighting the power of partnerships in advancing Greece’s energy transition.
“This project highlights our commitment to sustainable development and the energy transition. Together with our partners, we are proud to have completed and commissioned the largest industrial rooftop photovoltaic system in Greece, a project that not only reduces greenhouse gas emissions but also creates long-term value for the company,” said Ilias Bekiros, General Manager of Corinth Pipeworks.
“I am proud that Survey Digital Photovoltaics undertook entirely the design, development, and implementation of the largest industrial rooftop photovoltaic system in Greece,” said Kostis Daniilidis, CEO of the company. “This project is not merely a technological installation; it is a living example of how industry can combine innovation with sustainable development. This collaboration demonstrates the strength of strategic partnerships in the energy transition. With projects like this, we enhance the competitiveness of Greek industry, reduce the environmental footprint, and create long-term value for future generations.”
“Sirec Energy invests in the green transition and is pioneering the innovative ESCO financing scheme through Esco Partners. We welcome Corinth Pipeworks’ strategic decision to entrust us with financing this project,” said Vangelis Bardis, Vice President of Sirec Energy. “This choice carries particular significance, as it comes from an organization with both the technical capacity to develop the photovoltaic system and manage the generated energy, as well as the financial capacity to finance the investment independently. Yet, it chose to move forward in collaboration with us and Survey Digital Photovoltaics, recognizing the value of strategic partnership.”
About Corinth Pipeworks
Corinth Pipeworks (CPW), steel pipe segment of Cenergy Holdings, is a leading steel pipe manufacturer for the global energy and construction sector. With projects executed in more than 50 countries worldwide, we develop valuable solutions, exceed our customers’ expectations whether the application is a challenging offshore subsea flow line, a high criticality onshore gas transmission pipeline, transportation of 100% hydrogen at high pressures through large diameter/high strength steel pipelines, or a specialized structural steel requirement. All this by combining experience, on time delivery, innovation and investments in the latest technology. For more information about our company, please visit our website at www.cpw.gr
About Survey Digital Photovoltaics
Survey Digital Photovoltaics is a well-recognized and established contractor in the construction and maintenance of photovoltaic systems, with a strong focus on performance and bankability in the projects it undertakes. The company has successfully constructed more than 150 MW of photovoltaic power plants in Greece and abroad, manages an operation & maintenance portfolio of over 200 MW in Greece and abroad, and oversees more than 40 plants in Greece as an Aggregator in the Energy Exchange. For more information, please visit our website at www.survey-digital.com
About Sirec Energy
Sirec Energy is a Capital Investment company. It manages the first Greek private equity fund that invests in the green transition through the European Sustainable Investments Fund (EuSIF). Sirec Energy’s investments in the fields of Energy Efficiency, Renewable Energy Production, and the Circular Economy have already leveraged capital exceeding €800 million, supporting projects of strategic importance for the Greek economy. In the ESCO projects sector, it invests through its portfolio company, Esco Partners. For more information, please visit our website at www.sirecenergy.com and Esco Partners at www.escopartners.gr