Enel Expands Presence in Wind Power in Greece

Enel signed an agreement for the acquisition of 127 megawatts (MW) of wind plants in Greece either already in service (84 MW) or under development (43 MW).

The plants are 50% owned by the Greek group Copelouzos, already an Enel partner in Enelco, which recently submitted the winning tender offer for the construction of a combined cycle gas plant of 430 MW at Livadia in central Greece, and by the International Constructional Group (50%). As Enel continues to pursue development of renewable energy sources and consolidation in southeastern Europe, this acquisition places Enel among the top three operators in the wind power production market, with plants distributed throughout Greece. Also working through the Enelco Consortium (75% Enel and 25% Prometheus Gas, which is in turn equally owned by the Russian company Gazprom with a 50% stake and Copelouzos with the remaining 50%), Enel intends to expand its presence in Greece, a market where electricity demand is expanding above the European average. Enel’s expansion in Greece represents part of its international growth strategy in the renewable energy market for South-eastern Europe; Enel is already present in Romania and Bulgaria.

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