Quest Group Acquires 4.5-MW Solar Park in Greece

Jan 8, 2024 04:13 PM ET
  • Quest Holdings Group furthers its renewable energy investment with the acquisition of a 4.48MW solar PV park in Greece, adding to its total 39.3MW capacity and cementing its position as a leader in the Greek energy market.

Quest Holdings Group has purchased a 4.48-MW solar photovoltaic plant in the Central Macedonia region of Greece for EUR 7.7 million (USD 8.4m). The new PV park is located in the municipality of Anthemion and will be operated by Quest's subsidiary Kynigos SA. This acquisition increases Quest's total renewable energy generation capacity to 39.3 MW, with the energy business already owning 24 solar PV assets of over 34 MW across Greece.

What Does Quest Holdings' Acquisition Mean for Greek Solar?

  • The acquisition of the 4.48-MW solar photovoltaic plant is a significant investment for the Quest Holdings Group, which will bring their total renewable energy generation capacity up to 39.3 MW.
  • This is the first major investment in the Greek solar energy industry by Quest Holdings Group and it is a promising sign for the future of renewable energy in the region.
  • The investment is expected to create jobs in the local area and contribute to the Greek economy in the form of electricity produced from solar energy.
  • The Quest Holdings Group is committed to further investment in the Greek solar energy market and hopes to expand their presence in the future.
  • The acquisition will help to reduce carbon emissions in the Central Macedonia region, furthering Greece’s commitment to combatting climate change.
  • The acquisition also furthers Greece’s goal of transitioning to renewable energy sources, as the country moves to achieve its ambitious target of having 35% of its total energy needs supplied by renewable sources by 2030.
  • This investment signals that Greece’s solar energy industry is becoming increasingly attractive to investors, which could lead to further investments in the future.

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