Greek oil company Helleniq Energy has expanded its renewable energy portfolio by acquiring a 110 MW portfolio of solar parks in Western Macedonia.
This purchase brings the company’s installed renewable energy capacity to 500 MW.
The portfolio consists of six photovoltaic (PV) farms located in the municipality of Kozani.
These farms, equipped with bifacial solar modules, were commissioned in May and operate under long-term power purchase agreements (PPAs) with an unnamed “leading international company.”
Together, they produce approximately 175 GWh annually, enough to meet the electricity needs of over 41,000 local households.
Helleniq Energy acquired the portfolio from solar developer Lightsource bp, as part of a broader agreement reached last summer.
This new addition complements Helleniq Energy’s existing 204.3-MW solar park in Kozani, which has been operational since 2022 and is managed by the company’s renewable energy subsidiary, Helleniq Renewables.
The acquisition aligns with the company’s strategic goal of achieving at least 1 GW of renewable energy capacity by 2025 and exceeding 2 GW by 2030.
