Blue Elephant gets 45 MWp of Greek solar parks from ABO

• German renewables firm Blue Elephant Energy AG has actually accepted obtain 45 MWp of solar parks in Greece from compatriot ABO Wind AG for a concealed amount.

The offer notes Blue Elephant's access right into the Greek renewable resource market, the Hamburg-based wind and solar plant driver said on Monday. The portfolio it is acquiring includes two functional photovoltaic (PV) farms with capabilities of 7 MWp and 38 MWp, respectively.

The bigger plant, located near Trikala, in Megala Kalyvia, is equipped with an exclusive substation and single-axis trackers and currently the biggest PV park currently in operation in Greece, according to Blue Elephant. The smaller sized plant is located near Xanthi, in Kossos. Their combined output stands at around 80 million kWh per year.

ABO Wind ended up being the owner of both projects in 2018 when it acquired them when they remained in the growth phase. The planning, construction as well as grid-connection of both of them occurred between 2019 as well as 2020.

Blue Elephant, which mostly focuses on countries in Western Europe, has 1.104 MW of possessions in operation and also unfinished. Setting foot on the Greek market will enable it to better expand its portfolio, the firm's chief financial investment police officer Tim Kallas noted.