Valorem takes over wind energy portfolio of 82 MW in Greece


Photo: Valorem


January 20, 2020






January 20, 2020





French green power company Valorem said it has bought a portfolio of 82 MW wind projects in Greece, in a move to expand its operations in this country.

According to information it posted on its website, the affiliate of private equity and venture capital firm 3i covers all the phases of renewable energy investments from the development to financing, construction, and operation. It is currently active in the Caribbean, Northern and Eastern Europe, North Africa, and Latin America.

A portfolio of 82 MW wind projects is under various stages of development

The acquired projects are in various stages of development and the company claimed it would promptly finance, build and operate them.

Valorem added that it established the office in Athens with the aim to become a major player in the renewable energy sector in Greece, particularly for wind, solar and hybrid plants.

Jean-Yves Grandidier, founder and president, said he is pleased to increase wind portfolio in Greece in addition to its photovoltaic units.

The takeover makes the country a priority market for Valorem, he asserted.

The utility expressed the intention to develop renewable energy projects in Greece and pointed to its experience, especially in island hybrid systems.

The company has developed 1.2 GW in wind power and 300 MW in PV projects

Valorem will continue to build a solid team in order to consolidate its presence and participate in Greece’s efforts to achieve its objectives within the European Union with the help of green electricity production, CEO Frederic Lanoë said.

The company has so far developed 1.2 GW in wind power and 300 MW in PV projects. It said it has built 1 GW and that it operates 340 MW.

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

Spain on track to phase out nuclear, coal by 2035 energy storages

Spain on track to phase out nuclear power, coal by 2035

22 October 2021 - The phaseout of coal and nuclear power plants will be offset with a simultaneous and gradual increase in renewable power capacity

Romania’s supplier Electrica acquires 31 MW solar power plants

Romania’s supplier Electrica acquires 31 MW in solar power plants

22 October 2021 - Romanian power and distribution and supply company Electrica has taken over five firms that operate solar power plants

Slovenia Electricity Supply Act two year delay

Slovenia adopts Electricity Supply Act after two-year delay

22 October 2021 - The National Assembly passed the Electricity Supply Act after adopting amendments that make all end consumers in the market equal

New York City startup Air Co vodka captured CO2

New York City startup Air Co. produces vodka from captured CO2

21 October 2021 - Air Co. calls its vodka the world's most sustainable spirit as it makes the alcohol from captured CO2 and green hydrogen. It just launched a perfume.