EuroEnergy signs framework sale agreement with AES solar for its Greek solar portfolio

10 Dec 2008

EuroEnergy has announced the signing of a framework sale agreement with AES regarding its portfolio of Greek solar assets.

AES Solar Energy BV, an international utility operating globally, has approached EuroEnergy, owner of one of the biggest portfolios of solar PV licenses in Greece with an interest to acquire the EuroEnergy portfolio. The companies have reached an agreement for the gradual transfer of the solar assets, subject to EuroEnergy successfully completing their licensing stage.

Iktinos, a solar project of 4.3MW is the first to be transferred under this agreement, with the remaining projects pending as they are completing their licensing process.

“This agreement demonstrates the strength of the EuroEnergy’s solar pipeline and its expertise in developing solar projects from start”, stated Christos Reveliotis, CEO. “It is also a tribute to the company’s high international profile and standards and its ability to attract and transact with blue chip international players in the renewable energy market.”

EuroEnergy currently has one of the largest portfolio of solar projects in Greece, comprising six licenses totaling 25MW, and is committed to increasing its presence and investments in the Greek Renewable energy market and contribute to the growth of the Greek economy.

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