HELLENiQ to buy 180MW Greek PV portfolio from Lightsource

The 204MW Kozani project under construction in Greece. Image: JUWI Hellas.

Greek fossil fuels company HELLENiQ has signed a deal to purchase 180MW solar PV portfolio in its home country from the Greek arm of UK-based renewables developer Lightsource bp.

The acquisition from Lightsource Renewable Energy Greece Holdings (UK) will take effect once the projects have reached commercial operation, which is expected between Q1 and Q3 2024. Financial details of the deal were not disclosed, and over half of the projects are contracted on a long-term basis, HELLENiQ said.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Last month the company bought a 211MW Romanian PV portfolio from fellow Greek renewables developer Mytilineos, as it looks to expand its portfolio to include 1GW of operating renewable energy assets by 2025, and 2GW by 2030.

In June 2021, Lightsource bp secured a 640MW solar co-development deal in Greece with plans for 200MW of solar capacity to come online over the ensuing 24 months.

Greece is a rising presence in the European PV sector. PV Tech Premium spoke with industry experts earlier this year about the potential and challenges facing the Greek market, in particular the interconnection system which could prove the key to unlocking the country’s solar potential.

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 21, 2024
UAE state-owned renewable energy developer Masdar has reached an agreement to buy 67% stake in Greece's Terna Energy.
June 21, 2024
NextEra Energy Resources has begun construction of a 310MW solar PV plant in Texas, US, offering power to INEOS Olefins & Polymers USA.
June 21, 2024
Solar PV is expected to generate 20% of global power across midday peaks on the summer solstice in the northern hemisphere, up from 16% in 2023.
June 21, 2024
PV Tech Premium talks to Nextracker president Howard Wenger about the company's business, expansion plan and R&D spending. 
June 20, 2024
Singaporean state-owned energy company Sembcorp has completed the acquisition of 245MW of renewables projects in Vietnam.
June 20, 2024
The smarter E Award has five categories in total, including photovoltaics, energy storage, e-mobility, smart integrated energy and outstanding projects.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia