HELPE acquires 55.2 MW wind farms in Eastern Mani, Laconia

HELPE announced the acquisition of 55.2 MW wind farms in Eastern Mani, Laconia.

In particular, HELLENIC PETROLEUM Holdings S.A. announced, in the context of the implementation of its strategy for growth in the RES sector, the signing of a binding agreement for the acquisition by “HELPE RENEWABLE WIND PARK MANIS S.A.” – a wholly owned subsidiary of HELPE RENEWABLES S.A. – of the companies “MAKRYLAKKOMA SA” and “SAGIAS SA”, owned by the Kopelouzos Group and the “International Construction” Group. The wind farms, with a total capacity of 55.2 MW, are located in Eastern Mani of Laconia and have been in operation since December 2019. The total price for 100% of the shares of the two companies amounts to €90 million.

The windfarms

The two windfarms of the acquired company “MAKRYLAKKOMA SA” located at Makrylakkoma in Eastern Mani, have a total power of 29.9 MW and consist of 13 wind turbines. The other two windfarms, of the company “SAGIAS SA”, are located at the location of Prophet Ilias in Eastern Mani, have a total power of 25.3 MW and consist of 11 wind turbines. It is estimated that the four windfarms can cover, with clean energy, the annual energy needs of approximately 40,000 households or 8,000 small and medium-sized businesses.

PricewaterhouseCoopers Business Solutions S.A. (PwC) acted as financial advisor to ELPE RENEWABLES SA, while the law firm Lampadarios & Associates acted as legal advisor.