ContourGlobal announced its entry into the Greek renewable energy market with the acquisition of a photovoltaic portfolio and 6 battery storage systems.
As the company notes, this marks the latest step in its shift toward clean energy and its expansion across Europe. In the same month it commissioned a storage system in Bulgaria, and in December it secured three solar parks in Sicily.
“While we continue our efforts for simplification and rationalisation, entering the Greek market is yet another step in ContourGlobal’s journey to become one of the leading independent RES and energy storage producers,” said CEO Antonio Cammisecra.
“Greece combines rapidly growing RES penetration with the pressing need for large-scale storage solutions. We see Greece as a key market for expanding our battery portfolio in Europe and supporting the country’s energy transition.”
Regarding the portfolio being acquired, it includes 26 operational photovoltaic plants that were commissioned between 2011 and 2022 and previously belonged to Quest Energy, a member of Quest Holdings. These parks have entered into feed-in tariff and feed-in premium contracts.
Additionally, the 6 battery systems were acquired through 2 separate transactions, with Spanish company Fotowatio Renewable Ventures and Greek company Zephiros, and have a combined capacity of 500 MW.
The projects that have not yet been constructed have secured environmental and other permits and have submitted applications for grid connection. Furthermore, they are eligible under the merchant standalone battery tender.
Article source: Energy Press
