EuroEnergy completes the sale of wind asset portfolio in Greece in transaction valued at approximately €300m
07 Sep 2018
EuroEnergy has completed the sale of a portfolio of owned or managed wind assets in Greece to Fortress Investment Group LLC as part of a transaction totalling approximately €300m. The transaction involved the disposal of nine projects in all with a total generating capacity of 181MW, three being fully operational and six under development. EuroEnergy’s role spanned full transaction management including regulatory compliance, maintaining local technical teams for rapid response, and managing relationships with local communities. The assets are located in Fokida, Viotia and Kefalonia island.
EuroEnergy’s first renewable energy investment in Greece came 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.
The company 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 continue its presence and investments in the Greek Renewable energy market and contribute to the growth of the Greek economy.
Following this sale EuroEnergy retains a €200 million investment in Greek and Romanian renewable energy assets.