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Quest Holdings Group has purchased a 4.48-MW solar photovoltaic plant in the Central Macedonia region of Greece for EUR 7.7 million (USD 8.4m). The new PV park is located in the municipality of Anthemion and will be operated by Quest''s subsidiary Kynigos SA. This acquisition increases Quest''s total renewable energy generation
Mytilineos will also acquire a portfolio of 21 battery energy storage projects, as well as four additional battery storage combined with solar parks, all developed by Egnatia Group. Mytilineos said the transaction forms part of its strategic planning for a "significant expansion" in renewables capacity, both in Greece and abroad.
Credit: Terna Energy. UAE''s state-backed Abu Dhabi Future Energy Co. PJSC (Masdar) has secured a deal to merge with Terna Energy SA, a renewable energy company in Greece, for an enterprise value of EUR 3.2 billion ($3.4 billion). The definitive agreement would initially transfer 67 percent of Terna Energy ''s outstanding shares to
ATHENS, Greece, and MUNICH, Germany, July 18, 2023 /PRNewswire/ -- Sunlight Group Energy Storage Systems (Sunlight Group), member of Olympia Group and global technology company specializing in
Image courtesy 123rf. Greece''s Independent Electricity Transmission System Operator (IPTO) has acquired 25% of the share capital in EuroAsia Interconnector Holdings Limited (EuroAsia), a move that is expected to expedite the completion of what is being called the world''s longest HVDC cable. The transaction sees IPTO acquire up to
Greece''s Regulatory Authority for Energy has disclosed 48 provisional winners in the country''s second energy storage auction, totalling 1.5GW/3.1 gigawatt
Greece''s Ministry of Environment and Energy is planning a series of decrees, actions and interventions for the second half of 2022 to accelerate renewables growth, including four auctions. BiH-based Lager acquires one of largest wind projects in Serbia 01 July 2024 - Lager from Posušje in Bosnia and Herzegovina has acquired the
Mytilineos will also acquire a portfolio of 21 battery energy storage projects, as well as four additional battery storage combined with solar parks, all developed by Egnatia Group. Mytilineos said the transaction forms part of its strategic planning for a "significant expansion" in renewables capacity, both in Greece and abroad.
Fotowatio Renewable Ventures (FRV) has acquired a 51% stake in a 600MW battery electricity storage systems (BESS) project portfolio in Greece from EK Energy Storage Systems, a Wootis Group company. The terms of the deal were not disclosed. The portfolio includes eight projects that are currently under development and
September 2, 2021. The MINOS Thermal Energy Storage System is a 52,000kW energy storage project located in Atherinolakos, Crete, Greece. The thermal energy storage project uses others as its storage technology. The project will
Greek company Wootis said it sold 51% of its subsidiary that owns eight licensed battery electricity storage system (BESS) projects to Fotowatio Renewable Ventures or FRV. The buyer, part of the Abdul
Greek power utility PPC SA ( ATH:PPC) on Wednesday said its renewables arm has agreed to acquire a 216-MW pilot offshore wind project off the coast of Alexandroupolis. PPC Renewables will acquire 100% of Thrakiki Wind 1 SA, which holds the generation licence for the project, under a deal with Copelouzos Group and Samaras
Fotowatio Renewable Ventures (FRV) has acquired a 51% stake in a 600MW battery electricity storage systems (BESS) project portfolio in Greece from EK
Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027.
"Greece has demonstrated a remarkable commitment to achieving its target of doubling the country''s green energy capacity by 2030, which we are excited to take part in with this project. At Abdul Latif Jameel Energy, we are dedicated to supporting the green energy drive and ensuring a more sustainable energy model across the world."
Greece auctions 300 MW storage projects. The Greek authorities have awarded 300 MW of new battery storage capacity in its second energy storage tender. The 11 winning projects range in size from 8.875 MW/17.75 MWh to 49.9 MW/100 MWh. Winners include Terna''s 40 MW project plus a separate 12 MW installation by its Heron
FRV acquires a majority stake in a 600 Megawatts (MW) Battery Energy Storage System (BESS) in Greece. The project is divided into several facilities under development by Wootis. It is one of the largest commercially operated BESS in Greece.
Athens, 29 December 2023. Macquarie Asset Management has acquired a 50 per cent stake in Enel Green Power Hellas for a total equity consideration of approximately €250 million. Partnership formed with Enel Group to develop a pipeline of renewable energy projects in Greece. Macquarie Asset Management, on behalf of co-investors and
RAAEY – Greece''s newly formed regulatory authority for waste, energy, and water – has revealed that the country will allocate 1 GW of new energy storage
Credit: Porstocker/Shutterstock . RWE Clean Energy, a subsidiary of German utility RWE, has expanded its operations in the US with the acquisition of a 599MW portfolio of three solar and battery energy storage systems (BESS) projects. This move signifies an enhancement of RWE''s renewable energy footprint in Idaho, Washington
Greek refiner Hellenic Petroleum (ELPE) concluded the construction of the largest PV plant in Greece, a 204 MW project in Kozani. Hellenic Petroleum''s corporate transformation continues, as the group aims to become a player with a diversified energy portfolio, including hydrocarbons, renewables, hydrogen, and storage.
20 · The average cost for sodium-ion cells in 2024 is $87 per kilowatt-hour (kWh), marginally cheaper than lithium-ion cells at $89/kWh. Assuming a similar capex cost to Li-ion-based battery energy storage systems (BESS) at $300/kWh, sodium-ion batteries'' 57% improvement rate will see them increasingly more affordable than Li-ion cells, reaching
Masdar to Acquire a Major Renewable Energy Company In Greece. Last Updated on 24 th June 2024. Masdar has signed a definitive agreement with Terna Energy SA to acquire 67% of the company''s outstanding shares. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding
The list of winners in Greece''s maiden tender for standalone battery energy storage system (BESS) projects includes seven companies with 12 proposals,
Leading developer of sustainable energy solutions, Fotowatio Renewable Ventures, as part of Abdul Latif Jameel Energy, has announced the acquisition from Greek developer Wootis SA of a majority
Credit: Wadstock/Shutterstock . The European Commission (EC) has approved €1bn ($1.08bn) in Greek state aid to support the development of two solar-plus-storage projects. These projects, which will enhance the stability of the Greek electricity grid, will have a combined capacity of 813MW. Construction will be completed by mid-2025.
Sustainable energy solutions developer, Fotowatio Renewable Ventures (FRV), as part of Abdul Latif Jameel Energy, has announced the acquisition of a majority stake in a 600 MW battery electricity storage systems (BESS) project from Wootis SA in Greece. The battery storage is divided into several facilities spread across Greece.
Fotowatio Renewable Ventures, a developer of sustainable energy solutions, and part of Abdul Latif Jameel Energy, has announced the acquisition of a majority stake in a 600 Megawatts (MW) battery
Mytilineos S.A., Marousi, Greece, (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) announces the acquisition of a portfolio of 20 solar farms (PV) in progress with a total capacity of 1.48GW, owned by Egnatia Group S.A., Thessaloniki, Greece, as part of its strategic planning for a significant expansion in Renewable Energy Sources
Masdar to buy 67% stake in Greece''s TERNA ENERGY. This will support the UAE-based firm''s goal to reach 100 GW of capacity by 2030. United Arab Emirates-based energy firm Masdar entered a $3.4b (EUR3.2b) definitive agreement with GEK TERNA SA to initially acquire a 67% stake in Greece''s TERNA ENERGY. In a statement, Masdar said the
Greece''s energy regulator, RAE, is preparing a new energy storage support framework to foster renewable energy growth, chairman Nikolaos Boulaxis has said at the Thessaloniki International Fair. The new energy storage support framework should be completed by the end of 2019, Boulaxis said, energypress reported.
UAE state-owned renewable energy developer Masdar has reached an agreement to buy 67% stake in Greece''s Terna Energy. Nextracker acquires Ojjo, expanding solar foundation business June 20, 2024
Fotowatio Renewable Ventures, a developer of sustainable energy solutions, and part of Abdul Latif Jameel Energy, has announced the acquisition of a
Motor Oil Renewable Energy (MORE) has acquired a majority stake in holding company Unagi S.A., which holds a 51% stake in three solar power companies in Greece, with a combined capacity of 1.9GW
Greece is gearing up for its second competitive auction for standalone, front-of-the-meter energy storage facilities connected to the electricity transmission
With the Alexandroupolis Power Plant, Greece acquires another crucial project that will contribute to the continuous supply of more cost-effective energy. At the same time, our country also has a new
The Greek energy regulator has awarded 300 MW of new battery storage capacity in the nation''s second energy storage tender, split among 11 projects. The
FRV acquires a majority stake in a 600 Megawatts (MW) Battery Energy Storage System (BESS) in Greece. The project is divided into several facilities under development by Wootis. It is one of the
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