Faria Renewables Expands Greek Portfolio with 35-MW Solar Project
- Faria Renewables SA expands Greek portfolio with 35-MW solar project acquisition on Mykonos, meeting energy demands for thousands of households by 2025.
Greek renewable energy company Faria Renewables SA has acquired a 35-MW solar project from Vasileiadis Group of Companies, expanding its domestic portfolio. The construction of the PV park on Mykonos is set to begin immediately, with an estimated investment of EUR 27 million. Once operational, the plant is expected to generate 52.5 GWh of electricity annually, meeting the demand of around 13,125 households in the Domokos and Farsala areas by the fourth quarter of 2025.
Faria's acquisition aligns with its strategy to include more ready-to-build projects in its portfolio, which currently totals 126 MW of mature projects. The Thessaloniki-based company has a development portfolio of approximately 3.5 GW of projects across Greece, with plans to commission two additional solar farms totaling 19.8 MW this year.
What is Faria Renewables SA's latest acquisition in the Greek solar industry?
- Faria Renewables SA has acquired a 35-MW solar project from Vasileiadis Group of Companies in the Greek solar industry.
- The PV park will be constructed on Mykonos with an estimated investment of EUR 27 million.
- The plant is expected to generate 52.5 GWh of electricity annually, meeting the demand of around 13,125 households in the Domokos and Farsala areas by the fourth quarter of 2025.
- Faria's acquisition aligns with its strategy to include more ready-to-build projects in its portfolio, which currently totals 126 MW of mature projects.
- The Thessaloniki-based company has a development portfolio of approximately 3.5 GW of projects across Greece, with plans to commission two additional solar farms totaling 19.8 MW this year.
