Helleniq Energy Expands Solar Portfolio by 110 MW

• Helleniq Energy expands its green footprint with a 110-MW solar park acquisition, powering over 41,000 homes and driving toward a 2 GW renewable future by 2030!

Helleniq Energy Holdings SA has bolstered its renewable energy portfolio by acquiring a 110-MW portfolio of solar parks in Greece’s Western Macedonia region, bringing its total installed renewable capacity to 500 MW. The acquisition includes six photovoltaic farms purchased from solar developer Lightsource bp and is part of a broader agreement from the previous summer.

Located in Kozani and commissioned in May, the solar parks feature bifacial modules and are backed by long-term power purchase agreements (PPAs) with an undisclosed international company. Their combined annual energy output of approximately 175 GWh is enough to power over 41,000 local homes. This move supports Helleniq Energy’s goal to achieve 1 GW of operational renewables by 2025 and 2 GW by 2030.

How does Helleniq Energy's latest acquisition enhance its renewable energy strategy in Greece?

• Strategic Expansion in Western Macedonia: The acquisition of the solar parks in the Western Macedonia region aligns with Helleniq Energy’s strategy to diversify its renewable energy footprint across Greece, focusing on regions poised for growth in solar energy generation.
• Increase in Installed Capacity: With the addition of these 110 MW, Helleniq Energy has significantly increased its renewable energy capacity to a total of 500 MW, marking a substantial milestone toward its long-term goals of scaling up renewable assets.
• Use of Advanced Technology: The solar parks utilize bifacial solar modules, which can capture sunlight on both sides and improve overall energy efficiency. This technological edge enhances the performance and reliability of Helleniq Energy’s solar portfolio.
• Sustainable Energy Supply: Backed by long-term power purchase agreements (PPAs) ensures a stable revenue stream, mitigating risks associated with fluctuations in energy prices and providing financial predictability for future investment.
• Community Impact: The combined annual output of approximately 175 GWh not only contributes to local energy supply but also supports the broader adoption of renewable energy in the region, potentially reducing reliance on fossil fuels for local communities.
• Commitment to Climate Goals: The acquisition underscores Helleniq Energy's commitment to reducing carbon emissions and transitioning to a more sustainable energy system, which aligns with both national and European climate targets.
• Role in Energy Transition: The investment reinforces Helleniq Energy’s role as a key player in Greece's transition toward renewable energy, enhancing its competitive position as the country aims to increase its share of renewables in the energy mix.
• Future Growth Potential: Securing additional capacity helps build a foundation for future growth, enabling Helleniq Energy to explore further renewable projects and investments, thereby enhancing its operational agility in a rapidly evolving energy landscape.
• Synergies with Existing Projects: Integrating the newly acquired solar parks with existing renewable projects may yield operational synergies, such as shared management resources and enhanced logistical efficiencies.
• Contribution to National Energy Independence: By increasing its renewable energy capabilities, Helleniq Energy is contributing to Greece's energy independence, helping to reduce its reliance on imported fossil fuels and enhancing energy security.