Helleniq Snags 26MW Solar Bundle in Cyprus

• Helleniq Energy has acquired a 26 MW solar portfolio in Cyprus, with 43 GWh of electricity per year to be commissioned in 2024. This is a big step towards their 1 GW renewable energy goal by 2025 and 2 GW by 2030. Now owning 40MW in Cyprus and 180 MW elsewhere, Helleniq Energy is positioning itself as a major renewable energy provider.

Greek oil company Helleniq energy has acquired a 26 MW solar portfolio in Cyprus. The portfolio includes six PV schemes totaling 43 GWh of electricity per year, which are expected to be commissioned in 2024. This deal is part of the company’s plan to reach 1 GW of renewable energy by 2025 and 2 GW by 2030. Helleniq Energy already owns 40MW of renewable energy assets in Cyprus and purchased a 180 MW portfolio in August.

What Does Helleniq Energy's Plan for Renewables Entail?

• Helleniq Energy's plan for renewables entails the acquisition of a 26 MW solar portfolio in Cyprus.
• This portfolio includes six PV schemes that are expected to generate 43 GWh of electricity annually and will be commissioned in 2024.
• In addition to the solar portfolio, Helleniq Energy also owns 40MW of renewable energy assets in Cyprus and purchased a 180 MW portfolio in August.
• The company’s goal is to reach 1 GW of renewable energy by 2025 and 2 GW by 2030.
• Helleniq Energy plans to further expand its renewable energy portfolio in the future, including investments in wind, solar and storage technologies.
• The company is also investing in the development of a smart grid to improve the delivery of renewable energy to consumers.
• Helleniq Energy is also exploring opportunities to partner with other organizations in the region to strengthen their renewable energy efforts.