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.”
