Her Eleni Botas
The energy crisis has created new data in the Greek electricity market with the result that processes are underway to change the prevailing scenario today.
According to information, a tender process with the aim of selling by the AVAX Group, the subsidiary of the electricity supply company Volterra, is already in progress, at an initial stage and under confidentiality procedures.
This is a company with a significant presence in the supply market which has a significant market share of 2.31% and is in sixth place among alternative suppliers.
The company also has a presence in Renewable Energy Sources, having 16 MW in operation, 54 MW under construction or ready for construction and 365 MW in various other stages.
According to cross-referenced information from Capital.gr, the relevant process for the sale of Volterra is “running” by a large financial group, having in fact compiled a short list – of non-binding interest – with 5 large companies.
Among them is, according to information, a large construction group with a presence in the energy sector, but also at least one more energy group with a vertical presence in the Greek electricity market.
The Capital.gr contacted Volterra, which declined to confirm the report.
New round of acquisitions and mergers
The ongoing processes aimed at the sale of Volterra come to confirm the estimates that a new round of concentration in the electricity market is imminent with new acquisitions and mergers that will reduce the number of suppliers by strengthening the position, mainly of the vertical companies, ie those present and in electricity generation, in addition to supply.
It is worth noting that the Greek supply sector includes a total of 21 companies, a large number for the size of the domestic market of about 7 million meters. In fact, the companies with measurable market share are 10 to 12. PPC maintains a dominant market share with a rate of 62.62% (September data).
The rest of the suppliers in the Greek market share 37.38% of the market and are divided into vertical players, ie companies that have a presence in both production and non-vertical players.
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Source From: Capital
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