COOKIES
We use cookies to enhance user experience and ensure optimised site functionality. We inform you that the use of Essential Cookies is auto-performed according to our Cookie Policy. You can adjust other cookie settings to your preference by selecting "Cookie Settings".
×Cookies Settings
OK
COOKIES SETTINGS
ESSENTIAL
The essential cookies are absolutely necessary for the proper functioning of the site. They allow you to browse and use its features. They are automatically installed when you visit the website.
Always On •
STATISTICS (GOOGLE ANALYTICS)
Statistics cookies help us, as website owners understand how visitors interact with site pages by collecting information in Google Analytics.
Suggested •
MARKETING
These cookies are used to track site users' preferences. Their use relates to the promotion of relevant advertisement.
ACCEPT SELECTED

OUR NEWS

Announcement for the acquisition of wind farms of 55.2 MW capacity in Eastern Mani, Laconia, Greece
28.07.2022

HELLENIC PETROLEUM HOLDINGS S.A. (“the Company”) announces, in the context of the implementation of its growth strategy in RES, the signing of a share purchase agreement for the acquisition of “MAKRYLAKKOMA S.A.” and “SAGIAS S.A.”, both owned by Copelouzos Group and International Constructional S.A. Group, by “HELLENIC PETROLEUM RENEWABLE WIND FARMS OF MANI S.A.”, a wholly owned subsidiary of HELPE RENEWABLES S.A.. The wind farms, with a total installed capacity of 55.2 MW, are located in Eastern Mani, Laconia, Greece, and have been in commercial operation since December 2019. The consideration for 100% of the shares of the two companies amounts to €90m.

The two wind farms of "MAKRYLAKKOMA S.A." comprise 13 wind turbines with total installed capacity of 29.9 MW, while the other two wind farms of "SAGIAS S.A." comprise 11 wind turbines with total installed capacity of 25.3 MW. It is estimated that the four wind farms can generate renewable energy to cover the needs of approximately 40,000 households or 8,000 SMEs.

PricewaterhouseCoopers Business Solutions S.A. (PwC) acted as financial advisor to HELPE RENEWABLES S.A., while Lambadarios Law Firm acted as legal advisor for the transaction.