AXIA Ventures Group advised Macquarie Asset Management for the acquisition of a stake in Enel Green Power Hellas

Enel Green Power Hellas is a leading renewable energy developer and operator in Greece, with a 566 MW portfolio of onshore wind, solar, and hydropower projects in operation or under construction across its mainland and islands.

The portfolio comprises 59 operational projects totaling 482 MW of installed capacity powered by wind, solar and hydropower, and six solar projects under construction with an overall capacity of 84 MW. Its operational portfolio is the third largest in Greece. Enel Green Power Hellas has also identified a pipeline of new development projects, across wind and solar and is expanding into innovative storage and hybrid solutions. This infrastructure will be critical to Greece’s ongoing energy transition as it seeks to decarbonise its energy generation capacity and enhance security of supply.

The joint venture brings together two highly experienced teams in the renewable energy sector. Macquarie Asset Management’s specialist Green Investments team will further support the business’ ambitions through its global expertise and investment capabilities. Enel Green Power Hellas has a growing professional team with long-standing experience in the Greek renewable energy market, industrial knowledge and in-house capabilities to take projects swiftly from development through to construction and operations.

In its capacity as Financial Advisor, AXIA supported Macquarie Asset Management across M&A and debt advisory, throughout the offer stages of the competitive process and the subsequent bilateral negotiations.

Mr. Haris Sitzoglou, Managing Director & Head of Credit at AXIA stated:  “We are truly honored to have supported Macquarie Asset Management on this complex landmark transaction, marking the largest acquisition in the Greek renewables space to date by an international investor. As Greece is accelerating the energy transition, FDI is crucially important in reaching the ambitious targets set under the National Energy and Climate Plan, and we are pleased to see a global player like Macquarie make our country a primary focus. Our warmest congratulations to MAM, we thank them for the trust and wish them and Enel as well as the management team all the best on the road ahead.”