Mytilineos completes sale of 211 MW Greek solar PV portfolio to HELLENiQ Energy
Mytilineos and HELLENiQ Energy have closed a binding agreement for the construction and transfer of four (4) solar parks in Southern Romania that are already in an advanced stage of development and have a combined capacity of 211 MW.
Of the total solar portfolio, 13 MW are expected to enter commercial operation in 2023, 108 MW in 2024, and 90 MW by Q3 2025. All solar parks will be delivered on the Commercial Operation Date (COD) with the total annual production of the projects expected to exceed 300 GWh of green energy, enough to meet the needs of 100,000 households.
The projects are part of the international renewables portfolio that is being developed by M Renewables, under the Energy sector of MYTILINEOS. The transaction is part of MYTILINEOS’ ongoing asset rotation program, designed to accelerate value creation from the M Renewables platform as proceeds are being redeployed in the development of our large pipeline. This agreement marks HELLENiQ ENERGY Group’s entry into Romania’s rapidly growing RES market
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