EuroEnergy acquires a further 3.75MW of solar assets in Larissa
20 May 2017
EuroEnergy continues its strategy of expansion in the Greek solar market by further acquiring 3.75MW of solar parks in the prefecture of Larissa. The projects are fully operational with capacities ranging from 1.29MW to 0.5MW.
The addition of projects falling in the 0.5MW range which commands higher feed in tariffs than the bigger projects enhances EuroEnergy's tariff mix and revenue profile, whilst building economies of scale as it improves its overall critical mass of operational projects.
This last acquisition come fast on the heels of the company's acquisition of 3.09MW of solar assets in Fthiotida earlier this month and it takes EuroEnergy's total solar capacity in Greece to 31.25MW, exceeding the 30MW milestone. EuroEnergy owns and operates a further 18MW of solar assets in Romania.
EuroEnergy completed its first renewable energy investment in Greece in 2008 and since then it has established a portfolio of wind and solar operating assets and a strong local management team with deep knowledge of the local renewables industry and excellent hands-on capabilities in developing and operating wind and solar assets.
Euroenergy seeks to expand its current operating asset base and its licensing portfolio in the Greek wind and solar market in the near future, as it is committed to sustaining its presence and investments in the Greek Renewable energy market and contributing to the growth of the Greek economy.