Mytilineos sells 211MW Romanian PV to fellow Greek energy company

Facebook
Twitter
LinkedIn
Reddit
Email
A Mytilineos PV project in the Atacama Desert in Chile, one of the sunniest places in the world. Image: Mytilineos.

Greek renewables developer Mytilineos has sold a 211MW portfolio of four solar parks to its compatriot fossil fuels company HELLENiQ. The projects are located in Southern Romania, with commercial operations due in stages between 2023 and 2025.

13MW of the portfolio is expected online this year, 108MW in 2024 and the final 90MW by Q3 2025. In total, the portfolio output is expected to exceed 300GWh annually.

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

This transaction is part of Mytilineos’ asset rotation programme, the company said, which will see it redeploy the proceeds of this deal into realising its outstanding project pipeline. Last month the company proceeded with what it called its largest ever project transaction, the acquisition of 1.4GW of Canadian solar projects from Westbridge Renewables.

In the first half of this year, the company’s energy sector posted a €1.99 billion turnover, a 22% increase on H1 2022.  

This is HELLENiQ’s first entry into Romania, conducted through its renewable energy subsidiary HELLENiQ Renewables.

Romania and the wider Southern Europe region is one of the fastest-growing areas for solar PV on the continent. Fossil fuel companies have been moving into the Romanian market of late: French oil major TotalEnergies acquired 208MW of PV earlier this month and domestic oil and gas company OMV Petrom bought a 710MW portfolio in June.

PV Tech Premium published a deep dive into the changing Romanian market earlier this year.

Read Next

June 10, 2025
Australia’s Queensland government has confirmed an AU$2.4 billion investment in the CopperString transmission project, aiming to extend the National Electricity Market (NEM) to the North West Minerals Province.
June 9, 2025
Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.
June 9, 2025
Growing political headwinds threaten to dent US solar manufacturing and project deployment, despite a strong start to 2025.
June 6, 2025
rPlus Energies has secured more than US$500 million for an 800MW solar-plus-storage project in Emery County, Utah, US.  
June 6, 2025
Australia’s Solar Energy Industries Association (SEIA) has called on Australia’s climate change and energy minister, Chris Bowen, to “urgently intervene” on a rule change that could threaten to derail the uptake of rooftop solar PV.
June 6, 2025
ElectraNet has revealed that renewables supplied 100% of South Australia's electricity demand for 27% of 2024, roughly 99 days.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece