Cubico Sustainable Investments to buy 21 MW Kitheronas wind project in Viotia
Cubico Sustainable Investments (Cubico), backed by two of Canada’s largest pension funds, has signed an agreement to acquire K-Wind Kitheronas Energy S.A., the owner of a 21 MW operational onshore wind farm. It will be acquired from Intracom Holdings S.A., a Greek leader in IT services, construction projects and electronic defense systems.
The wind farm, located in the Viotia region of Sterea Ellada, marks Cubico’s entry into the Greek market. It became operational in 2015 and a 12 MW extension, which will also be part of the transaction, is expected to start construction in the first quarter of 2020.
Cubico plans to achieve completion of this acquisition in the first quarter of 2020.
Country updates
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December 18, 2019
Greece to launch privatization of Hellenic Electricity Distribution Network Operator SA (HEDNO)
The Government of Greece is set to launch the sale of a 49% stake in its state-owned Hellenic Electricity Distribution Network Operator SA (HEDNO). The privatization of HEDNO seeks to...
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December 10, 2019
HRADF, Hellenic Petroleum launch sale of DEPA Infrastructure
The Hellenic Republic Asset Development Fund and Hellenic Petroleum have launched the sale of their respective interest in the DEPA Infrastructure, a unit of DEPA. DEPA S.A. is a group of compa...
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November 27, 2019
Energy China CGGC, Supcon Solar of China to build the 52 MW MINOS CSP plant in Crete
The consortium of Energy China CGGC International Ltd and Supcon Solar of China has been awarded the engineering, procurement, and construction (EPC) contract for the development of a 50 MW ...
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October 16, 2019
Enel commissions 154 MW Kafireas wind farm complex in Karystos
Enel Green Power has brought online its new 154 MW Kafireas wind facility. Located in the Municipality of Karystos (Evia), this complex is the largest wind farm in Greece. It was built with an overal...
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October 02, 2019
Vestas wins turbine order for 16 MW Pyrgari wind park in Greece
Vestas has won a 16 MW auction-derived order from Iberdrola for the Pyrgari wind park located in Viotía, Greece. The contract includes the supply and installation of four V150-4.2 MW wind turbi...
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