Following the completion of the studies carried out on the research areas in “Western Crete” and “Southwestern Crete”, TotalEnergies decided to withdraw from the two blocks. TotalEnergies EP Greece informed the authorities and its partners about this decision. TotalEnergies remains committed to the development of renewable energy sources in Greece. TotalEnergies continues its activity in Greece through its subsidiary TotalEnergies Marketing Hellas.
Total announced its decision to withdraw from the concessions of Western Crete and Southwestern Crete, confirming today’s report by Capital.gr.
According to the announcement, after the completion of the studies carried out on the research areas in “Western Crete” and “Southwestern Crete”, TotalEnergies decided to withdraw from the two blocks. According to the relevant announcement, Total Energies EP Greece informed the authorities and its partners about this decision. The same announcement states that TotalEnergies remains committed to its commitment to the development of renewable energy sources in Greece. TotalEnergies continues its activity in Greece through its subsidiary TotalEnergies Marketing Hellas, the announcement concludes.
What is TotalEnergies Marketing Hellas?
TotalEnergies Marketing Hellas SA is a subsidiary of TotalEnergies, for the Marketing and Services sector, for Greece and Albania, Northern Macedonia, Malta, Cyprus, Georgia and Armenia. The scope of its activities is focused on the supply of the market with lubricants and coolants for the automobile, industry, construction machinery and the agricultural economy and with chemicals for agricultural production and industry. The goal of TotalEnergies Marketing Hellas is to provide support to its customers with innovative products and services, aiming to reduce operating costs, improve efficiency and ensure the longevity of their equipment.
TotalEnergies Marketing Hellas’ activities have been extended to the field of electric vehicle charging with a complete offer of solutions for professionals or end users.
Eren Hellas, the Greek subsidiary of Total Eren, has a total gross installed capacity of approximately 350 MW (84 MW of solar photovoltaics and 265 MW of wind energy). With significant wind and solar resources, Greece offers ideal conditions for the development of renewable energy sources. Total Eren’s development activity for the Greek market is in full swing, with over 750 MW of wind and solar projects. TotalEnergies participates directly or indirectly with a 30% stake in Total Eren.
Source: Capital
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