Renewables

China Energy gains renewable foothold in Greece, eyes Balkan expansion

Photo: Pixabay

Published

July 10, 2018

Country

Comments

0

Share

Published:

July 10, 2018

Country:

Comments:

0

Share

China Energy Investment Corporation, one of the world’s largest power companies, has signed a cooperation agreement with Greece’s Copelouzos Group for renewable energy and conventional electricity.

Under the agreement, China Energy will enter into the equity of a significant pipeline of wind farms built by Copelouzos Group, one of the biggest investment groups in Greece with a diversified range of activities such as energy and infrastructure, Copelouzos Group said in a news release.

The Chinese company, one of the world’s biggest producers of energy both from conventional and renewable sources, will acquire 75% of the pipeline of wind farms in Greece, the Greek group’s President and CEO Dimitris Copelouzos said, Xinhua reported.

China Energy and Copelouzos Group will also file a joint expression of interest for lignite units of Greece’s majority state-owned power utility, Public Power Corporation (PPC), the Greek company said.

The cooperation deal envisages investments worth at least EUR 3 billion in the Greek market alone, Copelouzos Group sources said, according to the Chinese news agency.

The two groups aim to expand in the Balkans and other European countries in terms of their cooperation in the green energy sector and the environmental upgrading of energy generating units.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Minister Dubravka Dedovic Djedovic Handanovic Female Leader of Energy Transition award

Minister Dubravka Đedović Handanović receives Female Leader in Sustainable Energy award

29 September 2023 - President of CPOR and Cofounder of WISE Serbia Branislava Jovičić handed the Female Leader in Sustainable Energy award to Minister Dubravka Đedović Handanović

Bulgaria-add-42-GW-wind-outside-protected-areas

Bulgaria could add as much as 42 GW from wind outside protected areas

29 September 2023 - A study found that Bulgaria is expected to increase its total wind power capacity by...

US-Canada-financing-nuclear-reactors-Romania-Cernavoda

US, Canada approve financing for new nuclear reactors at Romania’s Cernavodă

29 September 2023 - US Exim Bank approved a USD 57 million loan and Canada offered CAD 3 billion in financing for new reactors in Romania's Cernavodă plant

Alcazar Energy fund acquires rights wind power Bijela Montenegro

Alcazar Energy fund acquires rights to wind power project Bijela in Montenegro

28 September 2023 - Luxembourg-based Alcazar Energy took over the Bijela wind farm project in Šavnik in Montenegro, of 118 MW