Of Haris Fludopoulos
Another acquisition agreement in the green energy market, that of the wind farms in Laconia of the Kopelouzos group bought by the Hellenic Petroleum group, has been added to the long list of agreements that have been implemented recently in the Greek market.
Yesterday, therefore, ELPE announced the acquisition of 55.2MW power parks in Eastern Mani, Laconia, which are in operation, for a total price of 90 million euros. The two parks are added to the green energy portfolio of ELPE, which adds up to 300MW with the aim of reaching 2GW by 2030.
The acquisition of ELPE is added to the long list of deals on the market recently. Specifically, in June PPC Renewables announced the acquisition of Volterra’s RES projects with a total capacity of 73MW in operation, 36MW under construction and 150MW under development. The value of the transaction reached 133 million euros.
An even bigger deal was the acquisition of ELLAKTOR’s wind farms by the Motor Oil group, the value of which is estimated at 1 billion euros (including the value for MOH’s entry into ELLAKTOR’s share capital).
With the ELLAKTOR renewable energy deal, MOH added to its portfolio projects with a capacity of 493 MW in operation as well as a series of projects under construction or development with a total capacity of over 1.6GW.
TERNA Energy
In addition to the agreements that have been concluded, another big deal is being carried out in the market and it concerns the number one player in the sector, TERNA Energy.
As the head of the company, G. Peristeris, stated during the recent investor day, the company has received proposals to enter the share capital from large funds, without currently having any agreement.
According to information, although the name of the large Australian fund Macquarie has been heard, nevertheless the proposals that TENERG has in its hands and is considering are more than one, but none of them is close to completion, not even in the final stretch for finalization .
It should be noted that unlike in the case of ELLAKTOR or Volterra, the management of TERNA Energy does not have any specific targeting for the sale of the company’s shares and any movement has arisen as a result of proposals submitted by interested parties.
It is noted that 37.9318% of TERNA Energy belongs to the parent GEK TERNA, 11.0583% to the president of TERNA Energy, Giorgos Peristeris and 6% to Atale Enterprises LTD, interests of the shipowner Vangelis Marinakis.
Mature market
The impact of Macquarie and other funds on TERNA Energy is indicative of the status of the Greek green energy market, where now the scope for a major player to be positioned is rather limited as most of the geographical points that are deemed suitable for RES installations have already been occupied. Therefore, to enter the domestic market, the safest route is the acquisition of existing licenses or companies.
Source: Capital
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