For yet another year, our educational program "Energy on the Go" opens a new cycle of activities, inviting students and young people from all over Greece to discover the world of energy and sustainable development.

The program has been implemented since 2014 under the auspices of the Ministry of Education, Religious Affairs and Sports and has evolved into a stable channel of communication with the educational community. Through presentations, discussions and experiential activities, children become familiar with Renewable Energy Sources, energy saving, the circular economy and modern environmental challenges.

5,500 children and young people participated to date

In its 11 years of implementation, more than 5,500 pupils, students and young people have participated in "Energy on the Go". During the school year that ended, the actions of the program traveled to schools and educational institutions in different regions of the country, among others, to Polygyros, Chalkidiki, near the “Themelio” Battery Energy Storage Station, where students participated in an interactive discussion about energy production and storage. At the same time, students visited our Corporate Hub and talked to its people for the day-to-day operation of energy projects and employment prospects in the sector. These actions gave participants the opportunity to connect theoretical knowledge with real projects and applications.

Employees of the company voluntarily participate in the implementation of the program, who share their knowledge and experience, answer children's questions and contribute to the creation of a meaningful educational experience.

New cycle of actions for 2026–2027

With the start of the new school year, "Energy on the Go" continues its journey with visits to classrooms, educational presentations and guided tours of our wind and photovoltaic parks throughout Greece. Our goal is to bring even more children and young people into contact with green energy, encourage dialogue around sustainability and help shape a new generation of informed and environmentally aware citizens.

For your school's participation in the "Energy on the Go" program or for more information, you can send an email to [email protected] or contact Aggeliki Papaiakovou at 6974760438.

You can download the program brochure in Greek here.

For us, wellness is not an isolated initiative, but part of the daily experience of our people

From sports and physical care to mental health and family support, we create opportunities that help employees connect, grow, and enjoy meaningful experiences beyond their work. Through indoor sports events, exercise activities in the office, participation in running events and initiatives that help our mental balance, we encourage wellness in all its forms.

A short pause with great benefit

At our Corporate Hub, we implement a fixed exercise program, which includes stretching sessions, power training and functional workout and takes place within working hours. The programs are designed by a professional trainer and are adapted to the needs of people who spend a large part of their day in sedentary work. Through targeted strengthening, mobility, and recovery exercises, sessions help improve posture, reduce musculoskeletal discomfort, and enhance overall fitness.

Steady presence in running events

At the same time, the Principia Running Team, with a regular presence in important running events in the city, encourages an active lifestyle and cultivates team spirit. Our participation in the Greece Race for the Cure is a typical example, as our employees ran for a cause with a strong social footprint, the information and awareness about breast cancer. Our continuous presence in running events,  such as the annual Authentic Marathon and the Athens Half Marathon, transforms sports into a shared experience that unites people with different interests and professional subjects.

Teamwork with significant distinctions

With the aim of strengthening our sports activities, we created the Principia football team, which has had an excellent run in the 2025-2026 season, reaching both the Group B final of the Commercial League 7x7 corporate championship and the final of the Commercial Cup. Being present in two finals within the same competitive year is a significant success and reflects consistency, the commitment and team spirit that characterized the team throughout the season.

Athletic Games: when fair play becomes fun

One of the most special initiatives of recent years was the Athletic Games, an internal event that brought colleagues together through sports and recreational activities. The program included a wide variety of activities: basketball 3-on-3, bowling, laser tag, padel, mini-basket, ping-pong, running, but also darts.  The initiative proved that the best teams are not only built in the office, but also through shared experiences that create a more active, positive experience for everyone.

Meaningful Conversations About Mental Health

Mental health care is an equally important priority for us. Through special workshops and informative activities, our employees have the opportunity to discuss issues such as stress management, resilience, emotional balance and maintaining healthy boundaries in everyday life. Furthermore, recognizing that the needs of our people evolve in different phases of their lives, we collaborated with the Fainareti Non-Profit Organization for the implementation of a parent support action. Through an experiential discussion, we examined issues related to parenthood, the mental strengthening of the family and the balance between professional and personal life.

We promote well-being every step of the way

Our wellness initiatives have a common denominator: they create opportunities for our people to get to know each other better, develop new habits, share shared experiences, and feel like they belong to a community with shared values. These moments of connection transform a workplace into an environment where people evolve, empower, and enhance their personal resilience.

Global Victory for Aiolos NTUA: NTUA innovation reaches the top of the world with the support of Principia

For the second consecutive year, Aiolos NTUA, the student team of the National Technical University of Athens (NTUA), claimed first place overall at the International Small Wind Turbine Contest (ISWTC), reaffirming its leadership in the design and development of small wind turbines. The team also secured first place in the Annual Energy Production category, achieving the highest energy output among all participating universities.

The international competition took place a few days ago in the Netherlands, bringing together leading universities from around the world. The final testing phase was hosted at Delft University of Technology, where each team assembled its wind turbine and underwent a series of demanding performance tests in the university's state-of-the-art wind tunnel facilities.

Innovation through the "Alcyone" wind turbine

For this year's competition, Aiolos NTUA developed the "Alcyone" project, introducing an active blade pitch control system. This innovative technology improves the turbine's performance in low wind conditions while ensuring more stable operation at higher wind speeds, ultimately increasing its overall energy production.

This latest achievement builds on the team's success in last year's competition, demonstrating that its excellence is driven by continuous research, interdisciplinary collaboration and constant innovation. Aiolos NTUA brings together students from NTUA's Schools of Mechanical Engineering, Electrical and Computer Engineering, Chemical Engineering, and Naval Architecture and Marine Engineering, united by a shared vision of developing innovative solutions for the wind energy sector.

Principia supports the next generation of engineers

At Principia, we were proud to support the team's participation in this year's competition as part of our ongoing collaboration with the National Technical University of Athens.

This initiative reflects our broader commitment to advancing education, research and innovation. Over the past years, we have actively participated in academic initiatives at NTUA while also supporting the Prometheus Eco Racing student team, contributing to the development of technologies related to renewable energy, e-mobility and sustainable engineering.

Supporting teams such as Aiolos NTUA is an investment in the talented people who will shape the future of energy. We warmly congratulate every member of the team on this outstanding international achievement and remain committed to supporting initiatives that foster talent, innovation and the potential of the next generation of scientists and engineers.

Sustainability is an integral part of the construction and operation of our projects, with circular economy at the heart of this approach

Our goal is to make the most of the available resources, reduce waste and create a positive social and environmental footprint at every stage of our activity. Through partnerships with social organizations, recycling programs and circular economy actions, we seek to give new life to resources that would otherwise end up as waste, while creating value for local communities.

From waste management to resource reuse

We apply responsible waste management practices in all our projects, seeking the maximum possible recycling and reuse of materials, right from the design and equipment procurement phase.  Our performance is reflected in our Sustainability Statement for 2025, with an important milestone being the 100% recycling of hazardous waste. At the same time, all the waste produced was managed through licensed partners, with an emphasis on the utilization of materials in new use cycles.

This philosophy was reflected during the construction of our "Perasma" Solar Cluster, when over 500 wooden pallets as well as 6 cable transfer rotors were reused to create an accessible wooden playground at the "Kivotos" Rehabilitation Center. The action was implemented in collaboration with the Cluster of Bioeconomy & Environment of Western Macedonia (CluBE), with the support of Department of Fine and Applied Arts of the University of Western Macedonia.

In the same context, we implemented material sorting and utilization practices with the aim of minimizing waste at "Themelio", the company's first battery energy storage (BESS) project. In collaboration with Fabric Republic, old battery covers were transformed into waterproof utility backpacks, which we offered to our colleagues. Through this innovative action, 150 families gained access to clean clothing, while at the same time 150 kg of CO₂ was not released into the atmosphere - showing in practice the power of the circular economy.

Giving new life to materials

This was not our first initiative to be implemented in collaboration with Fabric Republic, as on the occasion of the company's rebranding, we creatively upcycled more than 200 objects that had been used in previous actions and events, such as vests, hats, t-shirts, banners and bags. Through redesign and reuse processes, the objects were transformed into fabric accessories,  bags, pencil cases, keychains and wallets, extending the life cycle of materials and reducing waste generation.

The first step towards circular economy

Our first circular economy initiative was implemented at the Soros Wind Farm, in Evros. In 2022, we utilized medium-voltage wooden pylons that had completed their life cycle and turned them into a leisure kiosk for hikers and visitors to the area. The space was designed to offer a resting spot overlooking the natural landscape, while also serving as an observation point that contributes to the fire protection of the wider area.

An enduring commitment

The transition to a more circular operating model is a key element of our sustainability strategy. Through systematic monitoring of environmental performance, data recording through our annual Sustainability Statement, implementation of international management standards and continuous search for innovative solutions, we work so that the company's development is accompanied by responsible use of resources and substantial creation of value for society and the environment.

For us, circular economy is not a future, abstract ambition. It's a practice we're putting into effect today, building the foundations for a more sustainable energy tomorrow.

• Principia was awarded a Platinum Award in the CR Index 2026, confirming the systematic integration of sustainable development and ESG principles into its strategy and operation.

Another important distinction was awarded to Principia in the context of the CR Index Awards, organized by the Corporate Responsibility Institute. The CR Index, the first National ESG Index in Greece, has been evaluating the performance of businesses and organizations based on international ESG criteria since 2008 and is a benchmark for responsible entrepreneurship in the country.

This year's distinction is a continuation of a steady course of development. In 2023, as Enel Green Power Hellas, the company was distinguished with a Silver Award and the special Best New Entry commendation, while in 2024 it won a Gold Award and a special commendation in the "Environmental" pillar. The upgrade to a Platinum Award reflects Principia's continued progress in integrating sustainability into all of its business operations.

Principia's approach to sustainable development is based on creating long-term value for society, the environment and its people. This approach is also reflected in the recently published Sustainability Statement 2025, which has been drafted in accordance with the European Sustainability Reporting Standards (ESRS) and transparently presents the company's performance, impacts, risks, opportunities and objectives in the pillars of Environmental, Social and Governance.

The distinction with a Platinum Award in the CR Index 2026, combined with Principia's inclusion in the FT1000: Europe's Fastest Growing Companies list, confirms that responsible growth, business resilience and sustainability are integral elements of the company's strategy. Consistent in its commitments, Principia continues to invest in the energy transition, creating long-term value for its people, local communities, the environment and the Greek economy.

At Principia, we were awarded a Platinum Award in the National Corporate Responsibility Index CR Index 2026, confirming the rigorous integration of sustainable development and ESG principles into our strategy and activity.

The distinction was awarded in the context of the CR Index Awards, organized by the Corporate Responsibility Institute. The CR Index, the first National ESG Index in Greece, has been evaluating the performance of businesses based on international ESG criteria since 2008 and is an important tool for evaluation and continuous improvement. Through this process, the participating companies reflect their performance, identify areas for further development and compare their progress with international standards and best practices.

This year's distinction is a continuation of a steady course of development. In 2023, as Enel Green Power Hellas, we were distinguished with a Silver Award and the Special Commendation of Best New Entry, while in 2024 we received a Gold Award and a special commendation in the "Environmental" pillar. This year's upgrade to a Platinum Award reflects the continuous progress we have achieved in integrating sustainability into every aspect of our operation.

Creating value for society and the environment

Our approach to sustainable development is based on the belief that business development is directly linked to creating meaningful value for society, the environment and our people. For this reason, ESG principles are an integral part of our business planning, risk management, investment decisions and the day-to-day operation of the company.

In the environmental pillar, we continue to invest in the development of renewable energy and energy storage projects, contributing to the energy transition and the achievement of national and European climate goals. At the same time, we implement initiatives for the protection and restoration of the natural environment, such as the 660-acre reforestation program of Kastanologgos in South Evia, the creation  of a Bird Feeding Station at our Agios Kyrillos wind farm in Crete for the protection of birds of prey, our collaboration with the environmental organization TYTO for the protection of biodiversity, as well as  circular economy actions, giving new life to materials and equipment through projects with a social and environmental footprint.

In the social pillar, we continue to support the local communities in which we operate through a broad program of initiatives. Among them, the award-winning corporate volunteering program Be The Hero, the Educational Program "Energy on the Go", the support towards the student groups "Prometheus" and "Aiolos NTUA" of the National Technical University of Athens, the vocational guidance actions in various Universities of the country, the financing of the creation of the new Artificial Kidney Unit in Diokleion General Hospital of Karystos, the information and awareness-raising actions on organ donation, the book donations to schools and libraries, and our participation in Greece Race for the Cure. At the same time, we support for the sixth consecutive year the Paralympic table tennis athlete Giorgos Mouchtis, while strengthening local sport through sponsorships to sports clubs and events in the areas where we operate.

In the pillar of governance, we have developed a comprehensive framework of policies and procedures covering business ethics, human rights, diversity and inclusion through our internal EveryOne Is Here team, anti-corruption, as well as responsible supply chain management. At the same time, we integrate ESG principles into decision-making through Double Materiality Assessment processes.

Sustainability Statement 2025

An important milestone in our journey is the Sustainability Statement 2025, which was drafted in accordance with the European Sustainability Reporting Standards (ESRS) and clearly reflects our progress in the Environmental, Social and Corporate Governance pillars. The report presents the material impacts, risks and opportunities associated with our activity, as well as the policies, the goals and indicators by which we monitor our performance. At the same time, it enhances transparency and responsible information to employees, investors, local communities, partners and all interested parties.

The distinction with a Platinum Award in the CR Index 2026 , as well as our inclusion in the FT1000: Europe's Fastest Growing Companies list confirm that responsible growth, business resilience and sustainability are integral to Principia's growth strategy. Consistent in our commitments, we continue to invest in a low-carbon energy system, creating steady value for people local communities, the environment and the Greek economy.

The 11th consecutive year of our “Energy on the Go” educational program was completed, with new experiences, essential knowledge and an open dialogue with the new generation

“Energy on the Go” is an initiative that aims to bring energy knowledge closer to young people. Through presentations, visits and open discussions, the program is aimed at pupils and students, giving them the opportunity to get to know the world of energy, RES technologies and the professional prospects of the industry better.

During the 2025-2026 academic year, we implemented the program in over 16 educational institutions across Greece, together with our team of volunteer employees, confirming our main goal: to bring the world of energy closer to students, in a direct, experiential and meaningful way. Over the past 11 years, over 5,500 children and young people in total have participated in the program, through visits, presentations and other activities.

Expanding our actions

During this cycle, “Energy on the Go” continued to grow, expanding its footprint to different geographical areas and educational levels. A special moment was our visits to Thessaloniki and Chalkidiki, where we came into contact with student communities and presented key concepts around the energy transition, renewable sources and the role of energy storage in the modern energy system. The discussion also focused on the nearby “Themelio” Battery Energy Storage Station, highlighting the growing role of storage technology for the stability and flexibility of energy infrastructure.

At the same time, an important part of this year's activity was the strengthening of our relationship with technical education. Students from Vocational High Schools visited our offices, getting to know the daily life of a company in the energy sector. Through discussions with executives of different specialties, they gained a clearer picture of how theoretical knowledge translates into practical application, but also of the prospects that open up for them in the industry.

Alongside the academic community

At the same time, we took another step towards the academic community, as we strengthened our presence in universities and polytechnic schools throughout Greece. Through lectures and presentations, students had the opportunity to come into contact with real projects, modern challenges and technical issues related to the development and operation of energy infrastructure.  reaffirming the importance of linking university education with applied experience.

Continuing with the same commitment

What stood out again this year was the two-way value of the actions. On the one hand, the participants gained access to real knowledge and experiences from the field of energy. On the other hand, for us, each meeting was an opportunity to hear new ideas, concerns and expectations for the future of energy.

Closing this year's cycle, “Energy on the Go” continues to be a constant way of communicating with the new generation. We continue to create opportunities for open discussions, real-world experiences and a more direct understanding of the industry by students and young people, with the aim of bringing them one step closer to the world of energy every time.

Our football team successfully participated in the corporate football championship that brings together teams of employees from companies and organizations across Greece.

Throughout another season, our team followed an impressive path, reaching both the final of the Commercial League 7x7 Corporate Championship and the final of the Commercial Cup. This double presence in two finals within the same year is an important achievement, highlighting the consistency, effort and spirit of collaboration that defined the team.

Teamwork on and off the pitch

The football team is made up of: Michalis Angelopoulos, Pavlos Vossos, Thodoris Gkertsos, Giorgos Zokaris, Dimitris Koutsodimos, Christos Lachanas, Nikos Balatsoukas, Giannis Sfikas, Giorgos Tsouroupakis and Antonis Christonakis.

The players on our team demonstrated effort, consistency and passion throughout the season. Regardless of the final result, this journey is a reminder that sports in the workplace are not only about winning. They are about participation, commitment, the joy of being part of a team, positive energy and the bonds created among our people beyond the everyday working environment.

Sports as part of our corporate culture

This journey comes as part of a broader series of sports initiatives in which our people participate, such as the presence of our Running Team in the Authentic Athens Marathon and other running events in the city, as well as internal Athletic Games with team and individual events. Through our participation in such initiatives, we strengthen our culture of wellbeing, encourage fair play and create more opportunities for connection and collaboration among our employees.

Every year, Global Wind Day gives us the opportunity to talk about wind, one of the most important pillars of the global energy transition.

Established by the European Wind Energy Association and the Global Wind Energy Council, Global Wind Day (June 15) is more than a celebration: it’s a reminder of how far renewable energy has come, and how much further it can take us.

In the context of our journey, Global Wind Day is a moment to look back at our milestones, and forward to the role we continue to play in shaping a cleaner, more resilient energy future in Greece.

Strengthening Our Wind Portfolio

Over the past few years, we have steadily expanded our footprint in wind energy, building a strong and geographically diverse portfolio across Greece in order to scale clean energy production in a reliable and sustainable way. A key milestone in this journey has been the recent acquisition of four operational wind farms, adding around 150 MW of capacity to our portfolio.

With each new asset, we move closer to a system where renewable energy is not an alternative, but the foundation. Today, with 29 wind farms operating across more than ten regional units, including landmark projects such as the Kafireas Wind Cluster in South Evia, our portfolio reflects the growing importance of wind energy in Greece’s energy mix.

From Infrastructure to Experience

Our wind farms are open spaces: through targeted initiatives, we welcome students and youth to our plants, giving them the opportunity to experience renewable energy up close. These interactive experiences combine learning, teamwork and environmental awareness, as they are designed to inspire curiosity and help people connect with the energy transition in a direct and meaningful way.

At the heart of this approach is “Energy on the Go”, our educational program. In the last 11 years, thousands of students across Greece have already had the chance to know more about our wind farms, explore how energy is produced and interact with the people who help operate and maintain our projects. This experience also opens a window to future career paths in the renewable energy sector, something that becomes increasingly important as the industry continues to grow.

At the same time, we support student initiatives and research projects that help shape the energy generation of tomorrow. In this context, we support academic seminars exploring scientific excellence and initiatives such as the Aiolos NTUA team of the National Technical University of Athens, which explores innovation in the design and manufacturing of small wind turbines.

Creating Value Where We Operate

Our approach to wind energy extends beyond production and education, to community involvement. Across our sites, we actively support local communities and ecosystems, whether through biodiversity protection initiatives, reforestation projects such as the rebirth of the Kastanologgos chestnut forest near Kafireas, partnerships with local stakeholders, among which our support towards beekeepers in the Karystos area, or actions that contribute to the local economy.

A Shared Journey

Global Wind Day is, ultimately, about connection: it connects people with energy, communities with opportunity, and today’s investments with tomorrow’s outcomes. We continue to invest in wind energy, to open our projects to society, and to create meaningful experiences that bring people closer to the energy transition, while driving progress towards a more sustainable future.

Sustainability is not a separate pillar of our operation, but it is embedded in how the company grows, operates and creates value. Our 2025 Sustainability Statement reflects a year of steady progress, where environmental performance, social impact and governance maturity evolved together to support Greece’s transition to a cleaner and more resilient energy system.

Building on the foundations set in the previous year, the 2025 report demonstrates how sustainability is becoming increasingly integrated into decision-making, operations and long-term strategy.

Watch the video:

Principia's Chief Financial Officer, George Koukoumelis, said:“Principia’s new Sustainability Statement demonstrates our strategy to support the energy transition, achieving high efficiency and continuing to embed sustainability at the core of our activities. With a targeted approach to development, crucial investments in new technologies, such as battery energy storage systems, as well as continuous moves to manage our environmental footprint, we are strengthening the creation of long-term value, both for our company and for society as a whole.”

Here are our significant performances in Environmental, Social and Corporate Governance issues.

Producing clean energy

Our core contribution to sustainability remains the production of clean energy. In 2025, electricity production exceeded 1,100 GWh, with 66 renewable energy plants and a total capacity of 577 MW. At the same time, the energy portfolio continued to evolve strategically. Investments in Battery Energy Storage Systems (BESS) and the electrification of the Perasma Solar Cluster in Kozani enhanced system flexibility and grid resilience, while the acquisition of 150 MW of wind assets further strengthened the company’s footprint in renewable energy.

Governance

Sustainability is fully integrated into our management structures, overseeing ESG priorities and performance, while regular reporting and internal controls ensure accountability. At the same time, we maintain a strong ethical framework. In 2025, zero incidents of corruption or bribery were recorded, supported by policies, training and monitoring systems that promote transparency and responsible business conduct. This structured governance approach enables us to translate sustainability commitments into measurable outcomes, aligning strategy with long-term value creation.

Social

In 2025, our workforce grew to 138 employees, reflecting both organizational expansion and investment in talent. A strong emphasis was placed on development, with 10,560 hours of training delivered, supporting both technical expertise and broader ESG awareness. At the same time, we maintained a workplace culture grounded in safety, inclusion and integrity, achieving zero incidents of discrimination, fines or penalties during the year.

As part of our social contribution, we implemented and supported initiatives with a substantial impact on local communities and the young generation. Among them, we supported the creation of a new Artificial Kidney Unit at the General Hospital of Karystos and the Youth Basketball Final Four in Kozani. At the same time, we proceeded with academic collaborations with Universities and Polytechnic Schools throughout Greece, continued the educational program for youth "Energy on the Go", organized book donations and strengthened the culture of giving through our Corporate Volunteering Program.

Environmental

We recorded GHG emissions intensity of 78.2 tCO₂e/€m (location-based) and 75.4 tCO₂e/€m (market-based), demonstrating a consistent focus on monitoring and managing emissions across operations. At the same time, we reinforced our circular economy approach by achieving 100% recycling of hazardous waste. We have established a net-zero transition plan targeting 2040, with intermediate milestones and structured actions covering energy sourcing, efficiency and electrification.

Creating impact beyond operations

Our Sustainability Statement for 2025 not only captures performance, but also how we evolve. We continue with the same goal: to produce clean energy, operate responsibly and create value for society, the environment and future generations.

You can read the Sustainability Statement 2025 here

World Environment Day (June 5) is an important reminder every year that the protection of natural wealth is a continuous, daily responsibility for all of us

With our role in the energy transition, with the way we plan and develop our projects, and with constant initiatives, we make responsibility a reality. Through our portfolio, which includes wind, solar, hydroelectric plants and now energy storage projects, we contribute to clean energy production, reducing reliance on fossil fuels and supporting a more sustainable energy future.

At the same time, we are moving forward with a clear strategy towards achieving our Net Zero goal by 2040, aspiring to achieve a 95% reduction in Scope 1 and Scope 2 emissions, and limiting residual emissions to less than 1%.

Protection of the country's natural wealth

Environmental protection is not limited to the production of green energy, but translates into respect for ecosystems, prevention, responsible operation and practical support of the areas where we operate. A crucial example is the reforestation project in Kastanologgos, in South Evia, in the area of the Kafireas Wind Cluster. Through a five-year program, we have completed the reforestation of 660 acres, giving new life to a historic chestnut forest of great ecological and cultural value.

In the same direction, we implement and support actions to protect biodiversity and strengthen local production. In the area of Kafireas, we have supported initiatives related to bees, local beekeeping and the registration of "Kissouri" honey from Karystos as a Protected Designation of Origin (PDO).

Continuous monitoring of environmental performance

We systematically invest in practices that reduce our environmental footprint. As demonstrated through the company's annual Sustainability Statement, we constantly monitor greenhouse gas emissions, record our carbon footprint and enhance energy efficiency in our projects.

At the same time, we promote responsible resource management and integrate circular economy actions into our daily operations, such as the reuse and utilization of materials. Recently, we implemented a major circular economy project, transforming the old battery covers from the construction of the "Themelio" Battery Energy Storage System into waterproof utility backpacks, which we offered to our colleagues.

Continuing the initiatives that have been implemented in the past, such as the creation of a model wooden playground from pallets and rotors used in the construction of the "Perasma" Solar Cluster, in Kozani, but also the conversion of our old materials into useful objects as part of our corporate rebranding, we highlight the importance of balancing energy, nature and local communities, recognizing that they are all part of the same ecosystem.

Daily Giving Actions

Environmental awareness is also part of our corporate culture. Through our corporate volunteering program, as well as through actions in collaboration with organizations and communities, we encourage our people to actively participate in initiatives with a positive social and environmental footprint.

World Environment Day is not just a day of information, but an opportunity to take stock of the impact of our choices and reaffirm our commitment to sustained action. We continue to work towards a more sustainable future by investing in clean energy, supporting local communities and protecting the nature that is our home.

Agriculture and RES can work in harmony, creating value for production, the environment and local communities

The relationship between agriculture and renewable energy is emerging as one of the most interesting areas of the energy transition. Agricultural production and green energy projects have often been treated as two different land uses. However, according to a joint report published in 2021 by the International Renewable Energy Agency (IRENA) and the Food and Agriculture Organization (FAO) of the United Nations, renewable energy sources can play a decisive role in transforming agri-food chains, while enhancing their sustainability and productivity.

In particular, their use in applications such as solar irrigation can significantly improve farmers’ access to water, allow for more crop cycles and increase resilience to changing climate conditions. At the same time, dependence on fossil fuels and energy costs are reduced, contributing to higher incomes for farmers.

When clean energy supports agricultural production 

Renewables can provide substantial benefits to the agricultural sector. Clean energy production can meet energy needs associated with irrigation, cooling, storage and processing of agricultural products, reducing energy costs and dependence on conventional sources. At the same time, in agrivoltaic systems, panels can be installed in a way that allows the cultivation to continue under or between the panels. Such an initiative was implemented in Vamvakies A Social Green Project, in which a group of women cultivated aromatic plants such as lemon thyme and paliouri, creating, for the first time in Europe, a range of products from the land of a solar park.

In some cases, the shading created can limit water evaporation and protect crops from extreme temperatures, helping to improve the microclimate. This coexistence is particularly important at a time when climate change is increasingly affecting agricultural production, increasing the pressures of drought, heatwaves and unpredictable weather events.

At the same time, RES projects can function as areas for enhancing biodiversity. Preserving natural habitats around projects creates the conditions for sheep grazing within the plants and natural management of vegetation. At our Pezouliotika Solar Park, we allow the entrance of animals that feed on grass and other plants, whose uncontrolled growth could prevent the sun's rays from reaching the panels. By keeping the vegetation under control, we save the fuel that would be necessary for lawn mowers and avoid the use of chemical herbicides, which can contaminate soil and water resources.

Supporting beekeeping at Kafireas

The coexistence of RES and local production is not limited to photovoltaics, but also concerns broader initiatives that connect clean energy projects with the local economy, nature and cultural identity of a region. One such example is the Kafireas Wind Cluster, in the area of Karystos, where the Greek flower honey "Kissouri" is a special local product, closely linked to the vegetation, microclimate and beekeeping tradition of South Evia. Through the support of beekeeping in Kafireas, we contributed to the protection and strengthening of the local bee population, recognizing their importance for biodiversity and agricultural production in the area. At the same time, with our decisive contribution and after 5 years of procedures, the European Commission registered "Kissouri Honey" as a Protected Designation of Origin (PDO). The aim of this initiative was to protect the natural heritage and support activities that have real value for the place.

Through respect for the land, proper planning and open dialogue with communities, the energy transition can create not only clean energy, but also new opportunities for the countryside, local production and biodiversity.

We support the Aiolos NTUA student team of the National Technical University of Athens in their effort for distinction in the International Small Wind Turbine Competition 2026

We believe that the energy transition is based on innovation and collaboration, and needs people with knowledge, creativity and vision. In this context, we support the Aiolos NTUA student team of the National Technical University of Athens, which designs and manufactures small wind turbines, and will be participating in the International Small Wind Turbine Contest 2026.

Innovation in wind energy technology

Aiolos NTUA is a group of NTUA students from multiple disciplines, which works in the field of wind energy with the aim of developing innovative, efficient and sustainable small-scale solutions. The team made its first appearance at the ISWTC contest in 2024 with the "Meltemi" wind turbine, while in 2025 it achieved a significant distinction, winning first place in the overall ranking of the contest and second place in the Annual Energy Production category with the "Zephyros" wind turbine.

Today, the team consists of 35 students from the National Technical University of Athens, from the Schools of Mechanical Engineering, Electrical and Computer Engineering, Chemical Engineering and Naval Architecture and Marine Engineering. For this year's participation in ISWTC 2026, Aiolos NTUA is developing the new project "Alcyone", which focuses on improving the efficiency and overall operation of the wind turbine, with the main innovation being the introduction of an active pitch control mechanism. This technology is expected to help increase energy production, especially in low-wind conditions, as well as to make the wind turbine run more steadily at higher wind speeds.

A continuous commitment

Our support to Aiolos NTUA is another aspect of our ongoing collaboration with the National Technical University of Athens. Recently, we  participated in educational activities at the University, including the Seminar on Electrification Technologies and Applications at the School of Electrical and Computer Engineering, while we also supported the 21st EAWE PhD Seminar organized by NTUA, in collaboration with the Hellenic Wind Energy Association (ELETAEN) and the European Wind Energy Academy (EAWE).

Additionally, we support the Prometheus Eco Racing student team of NTUA, in its work to develop efficient electric vehicles. Through these initiatives, we actively strengthen the educational and research community, championing groups of young people working on technologies which will prove critical for our future: renewable energy sources, electromobility, energy efficiency and sustainable engineering solutions.

Building the future

For us, supporting teams like Aiolos NTUA is an investment in knowledge, innovation, and the people who will be called upon to design the next day of energy. We stand by the new generation of engineers and scientists, supporting their effort to turn academic knowledge into action and their ideas into solutions with real impact.

Energizing the “Themelio” project is a significant step for the country’s energy transition 

Our first Battery Energy Storage System (BESS), with the commercial name “Themelio”, has been energized, aiming to enhance the flexibility and the electrical system. The project, for which construction began in April 2025 and was completed in September of the same year, is located in Polygyros, ​​Chalkidiki. 

A milestone for the energy transition 

“Themelio” is a 49 MW energy storage project, with a total installed storage capacity of 127.04 MWh and a guaranteed storage capacity of 98 MWh. The project infrastructure includes 26 battery containers, 13 generation substations and 2 medium voltage terminal substations, elements that work in combination to store and manage energy, ensuring smooth interconnection with the grid. 

As the penetration of renewable energy sources increases, the ability to store the generated energy and reintroduce it into the grid when needed becomes crucial. With its electrification, the “Themelio” plant contributes to the better utilization of green energy, supporting the stability of the system and facilitating the further development of RES in Greece. 

Circular economy included in construction

During the construction of the “Themelio” project, waste was generated from the plastic covers of the battery containers, weighing a total of 962 kg. Using 74 kg of these materials, we created, in collaboration with Fabric Republic, waterproof utility backpacks, which we offered to our colleagues. Through this initiative, 150 families gained access to clean clothing, while at the same time 150 kg of CO₂ were not released into the atmosphere - demonstrating in practice the power of the circular economy.

Looking to the future 

The operation of the project confirms our strategic focus on technologies that enhance the transition to a more resilient and more efficient energy model. Energy storage is now an integral part of the new energy reality: it acts as a catalyst for integrating a greater percentage of clean energy into the system, providing power during peak hours and ensuring the stable operation of the grid. 

With “Themelio” now in operation, we are practically strengthening our contribution to shaping a more modern energy future for the country, through projects that combine technological excellence, operational reliability and a clear orientation towards sustainable development. 

We implemented two fire drills together with the Fire Service in our solar parks, confirming our commitment to prevention and safety.

We carried out fire drills in our Kavasila and Karydia solar plants, in collaboration with the local teams of the Hellenic Fire Service. Each drill was designed to simulate realistic conditions and test in practice the operational readiness of all parties involved.

Operational readiness drills

The first drill took place at  the Karydia solar park, in the Municipality of Xanthi (Region of Eastern Macedonia and Thrace), with the participation of our employees, contractors, as well as the Fire Service of Xanthi. The scenario concerned a fire outbreak inside and outside the park and the immediate, coordinated mobilization of all parties involved. After the completion of the drill, there was a detailed exchange of technical information between our engineers and the officers of the Fire Service, with an emphasis on the equipment of solar installations and the electrical hazards related to incident response.

Subsequently, a similar drill was implemented at the Kavasila solar park, in the Municipality of Pinios (Regional Unit of Ilia), in collaboration with the Fire Service of Lechena. The scenario simulated a fire incident within the project, with the aim of testing the application of safety procedures in real operating conditions of a RES project. For the coordination management of the incident, the Fire Service’s Forces Coordination Informational System "ENGAGE" was used.

Supporting Civil Protection and the Fire Service

Our support for Civil Protection and the work of the Hellenic Fire Service has been a long-standing priority.  In 2024, we organized training seminars for Fire Service officers and cadets in Ptolemaida, Kozani, Grevena and Chalkidiki, while we proceeded to provide equipment and materials to the Fire Services of Alexandroupolis and Kozani, as well as to the Fire Academy of Ptolemaida. We also collaborated with the 4th Special Disaster Response Unit (EMAK) to implement an evacuation drill in one of our wind farms, actively enhancing our operational readiness and security.

At the same time, the implementation of the drills in our projects reinforces our commitment to safety, confirming that prevention, exchange of expertise and cooperation are our main priorities in all our activities.

For us, Easter is an essential opportunity every year to express in practice the values of solidarity, care and collective contribution

Through initiatives that bring our people together and strengthen organizations and fellow citizens in need, we seek to give a more practical dimension to our social contribution, linking the festive days with acts of substance. In this context, we organized our established Easter Bazaar, as well as a voluntary action to support vulnerable social groups, together with our employees.

Actions with a meaningful impact

For another year, we organized an Easter bazaar at our Corporate Hub to support Make-A-Wish Greece, an action that gave our people the opportunity to support an organization with a significant social footprint. The bazaar filled our space with a sense of participation and giving, reminding us that even a simple gesture can help strengthen a greater cause: the fulfillment of wishes for children with serious illnesses. This initiative is part of our consistent practice of organizing charity bazaars at our Corporate Hub, occasionally supporting organizations such as the Chatzipaterio Child Rehabilitation & Support Center, Margarita Vocational Training Center and ELEPAP.

In the same spirit, and as part of the corporate volunteering program "Be The Hero", we also proceeded with  a cooking and meal offering, in collaboration with The Love Van. Our people were actively involved in every stage of the initiative, from the preparation of food and sweets to their packaging and distribution to our homeless and fellow citizens in need, in the center of Athens.

A steadfast commitment

These Easter initiatives are part of our broader and long-standing approach to the communities in which we operate. Through initiatives such as the annual Community Week, we have implemented over 320 support actions since 2020, in collaboration with social organizations and structures throughout Greece. We thus confirm that for us, social contribution is not an isolated action, but a crucial and constant part of our corporate presence.

By Apostolos Panos, Chief Commercial Officer of Principia

The Greek storage market has already made substantial strides in terms of institutional design in 2021–2022. The basic regulatory framework has been formed, ~900 MW tenders have been launched and the foundations  have been laid for the integration of storage into the system. However, at the implementation level, the picture remains weak. To date, no battery project has been linked, which shows that the market is still at the starting point.

It is to be expected that each new market needs time to mature. This is crucial, as the NECP's target  of ~4 GW by 2030 is not only ambitious, but necessary for the continuation of the energy transition. At the same time, investment interest is already exceeding forecasts, with requests for standalone plants above 50 GW.  The key issue today is not demand, but speed of implementation.

Electrification Battery Projects

The delay in the electrification of battery projects is not due to either the lack of interest or the inability of investors to proceed with their projects, but mainly to the delays of the very framework in which these projects had to mature and finally operate. Although these were projects with strict schedules due to the Recovery Fund, there was no corresponding acceleration procedures. Significant delays were recorded in the issuance of Connection Terms, but also at the level of local services and individual licensing procedures.

The main issue, however, was found in the interconnection infrastructure, whether it was a new Substation, an extension of an existing one, or the interconnection lines themselves. As a mitigating circumstance for IPTO, it must be recognized that the successive legislative interventions for the prioritization of the Connection Terms created a complex environment, with multiple categories of projects claiming priority at the same time. This led to ambiguity as to the order of examination.  All this, even when it became clear that the plants would be considered with absolute priority, the times for both the issuance of Connection Terms and the association contracts were longer than expected.

With pressure on the Ministry of Environment and Energy and the competent bodies, several of these issues proceeded.  Although some projects were technically ready for electrification as early as the end of 2025, they could not operate due to shortcomings in the regulatory framework. In particular, the contractual framework with DAPEEP had not been completed in time, the framework of representation through FOSE had not yet been fully activated, while basic technical rules for the participation of battery projects in the markets were also pending.

Today, most of these issues have now been resolved, even with a significant economic impact on investments. For this reason, the first battery plants are very close to being electrified in April, which will essentially mark the real start of the market.

Regulatory framework

Greece moved early on at the level of institutionalization, but after five years it has still not managed to electrify its first project. Its initiatives have not been transformed into operational projects, while other countries in the region, such as Bulgaria and Romania, already have projects in operation and are expected to exceed 1 GW within the year, so it is clear that they have done something better - and especially faster - than us.

The difference is not so much in the targeting as in the application. In countries such as Italy, Bulgaria and Romania, access to electricity was given more directly and more clearly, while the licensing process followed a shorter and less complicated route. At the same time, the support schemes adopted also played an important role. And here it is interesting that in several cases these tools were applied later than the corresponding Greek ones, but they worked more effectively, precisely because they were combined with faster procedures and greater predictability.

Strong investment interest

The market recognizes that storage is a key tool for managing the high penetration of renewables, as well as green energy cuts that are increasing exponentially. There are still open issues as to the prioritisation of different categories of projects, which directly affect the market. There are significant delays in the issuance of Connection Terms for merchant projects that will ensure electrical space through the relevant invitation of the Ministry of Environment and Energy, as there was also a delay in the adoption of the regulation that allows the integration of storage in existing projects and mature projects with Connection Terms.

Although the relevant framework now exists, it is not yet clear with what priority these requests will be examined and will receive Terms of Association. Will they be examined in parallel, will they precede or follow? This ambiguity creates uncertainty in the investment environment. There is therefore a risk that some investments will be postponed or lost, because the predictability required to make final investment decisions is undermined.

Projects without aid

Banks have already demonstrated that they can finance storage projects, especially when there is a more protected revenue profile, as was the case with tender projects. Caution is mainly found in projects without aid.  There, revenue is not guaranteed and depends on the spread and market participation. This significantly increases the risk. In practice, this implies stricter conditions and selective financing, especially to large and reliable investors.

In other words, there is no lack of interest from the banking system, but there is an adjustment to higher risk, especially when mechanisms that enhance cash flow predictability are missing. And in this environment, ensuring a minimum level of regulated revenue for batteries becomes crucial to enable the market to grow at scale.

Interventions that can accelerate growth

In the current context, it is necessary to ensure the timely electrification of storage units from the first two tenders and their smooth operational integration into the system. At the same time, a review and, where necessary, an extension of the contractual completion timelines of the projects of the third tender will be needed to ensure their smooth completion.

At the same time, there must be initiatives for the issuance of Connection Conditions to additional storage units — both through the Ministry of Environment and Energy's Invitation for merchant projects and through the integration of storage solutions into existing projects — based on the existing regulatory framework. Dialogue and technical cooperation with market operators (ENEX), system operators (IPTO) and the regulatory authority for the adaptation of market rules and operational procedures will result in a more efficient and safer use of the potential of storage systems.

It is also necessary to design regulatory proposals and put forward policy measures aimed at improving the investment profile of storage projects – including the formulation of new support schemes incorporating best practices from Europe. This initiative will include a benchmarking of support frameworks in countries such as Italy and Bulgaria and proposals for combined adaptation in the Greek context.

Factors that cause uncertainty

Our country has already lagged behind the initial call for standalone batteries of 4.7 GW without aid. The announcement of the selected projects was scheduled for the end of 2025, while the evaluation committee was only recently established.

However, the key issue is not only the evaluation, but mainly the next stage: the issuance of Connection Terms and the actual ability of the system to absorb the power. Grid analysis and finding electrical space are complex and time-consuming processes, resulting in uncertainty about what percentage of projects will go ahead. Even after selection, it will take time to ripen. Realistically, a significant portion of the projects will hardly be ready for construction before at least a year has passed.

Creating support mechanisms

Sustainability is highly dependent on revenue predictability. In the case of storage, we are talking about a technology that is still at a relatively early stage, without a long operating history of 10–20 years, which allows safe conclusions about the return on investment, which increases the perceived risk. Revenues depend on market conditions and exhibit high volatility.

In this environment, support mechanisms – whether investment or operational – are crucial. They enable project implementation, create track records, and enhance market maturity. The strong interest recorded in the tenders shows that capital is available, provided that the risk is manageable. In the long run, the market may move towards merchant models. At this stage, however, support remains a key condition for scale growth.

Revenue as an unexpected factor

In the current situation, with increased penetration of RES and intense phenomena of oversupply mainly from photovoltaics, the spread is particularly favorable, however, these conditions are not stable. The entry of significant storage capacity in the Greek and interconnected markets, the possible slowdown in investments in RES, but also the increase in demand due to electrification (electrification, heat pumps, data centers) can lead to price convergence and, by extension, to a reduction in the available spread. At the market level, most of the revenues, especially in the long term, come from the day-ahead market, which remains dependent on supply and demand conditions. Balancing and ancillary services markets can offer high profit margins, particularly for first-time projects to operate. However, they are markets with limited volume and, with the introduction of new storage units, they are expected to saturate relatively quickly.

The storage projects are supportive of RES and the operation of the system. Due to their nature and technological flexibility, they have the ability to respond in real time at the millisecond level to the Administrator's commands, absorbing or injecting energy according to the needs of the system.  In more mature markets, storage systems participate in all individual markets, without restrictions, taking full advantage of their features. In Greece, on the contrary, the framework continues to include static constraints, such as injection limits, that do not reflect the dynamics of the technology.

The aim is to create a correspondingly flexible operating framework, in which they will be able to offer services at any time in all markets without restrictions, achieving the so-called revenue stacking, which makes investments more economically viable.

The future of the storage market

The next two years for the energy storage market are crucial. The first milestone is the activation and smooth operation of the first projects, which will be the first test of the framework. Second, progress in issuing Connection Terms for new projects, both for merchant projects and for adding storage to existing projects. The third concerns the next step at the level of market and support, i.e. whether there will be continuity in competitive processes or capacity flexibility compensation mechanisms that will offer greater visibility of revenues and therefore better financing conditions.

However, the success of storage projects will not only be judged by their response to the quantitative targets of the NECP. The installed power is significant, but it is not enough on its own. Success will mainly be reflected in whether storage will substantially improve the operation of the system, whether energy cuts from RES will be significantly reduced, whether the green energy produced will be better utilized and whether the overall stability of the market will be enhanced.

The above is extracted from Apostolos Panos' interview to Lalela Chrysanthopoulou, published on energygame.gr and powergame.gr, on 31/3/2026.

• Principia is included in the “FT1000: Europe’s Fastest-Growing Companies 2026” list, which is compiled by the Financial Times in collaboration with Statista.

Principia has received a significant European distinction, as it is included in the “FT1000: Europe’s Fastest-Growing Companies 2026” list, which is compiled by the Financial Times in collaboration with Statista

The ranking highlights the 1,000 fastest-growing companies in Europe, based on their compound annual growth rate (CAGR) of their revenues for the period 2021–2024, and is one of the most reliable benchmarks of business dynamics at a pan-European level.

For the Principia Group, this distinction is reflected in specific figures: 69% overall growth over the three-year period 2021–2024 and 19.1% Compound Annual Growth Rate (CAGR). Additionally, during the same period, the company’s installed capacity increased from 482 MW to 727 MW, recording an increase of 50.83%.

Of particular importance is the fact that Principia is among only four Greek companies included in this year's list, while it is also the only company in the Renewable Energy sector to be distinguished.

At Principia, we are advancing with a clear strategy toward achieving Net Zero by 2040, reinforcing our commitment to sustainable growth and responsible operations in the clean energy sector.

Building on our verified 2024 carbon footprint, we have set specific interim targets for 2030, fully aligned with the goal of limiting global warming to 1.5°C, as outlined in the Paris Agreement. At the same time, as we continue to expand our portfolio—through increased installed capacity and the adoption of new technologies—we remain committed to measurable and meaningful emissions reductions.

By 2030, we aim to achieve an 88% reduction in absolute Scope 1 and Scope 2 emissions, while ensuring that 100% of the electricity consumed across our operations comes from renewable sources. In parallel, we are targeting a 10% reduction in Scope 3 emissions intensity, both per MWh produced and per MW installed.

Looking ahead to 2040, we aim to reduce Scope 1 and Scope 2 emissions by 95%, limiting any residual emissions to less than 1%. Recognizing that the largest share of our carbon footprint lies within our value chain, we place strong emphasis on collaboration with our suppliers, enhancing data transparency and developing initiatives that contribute meaningfully to Scope 3 decarbonization.

To achieve these targets, we are implementing a range of concrete mitigation measures, including the progressive electrification of our corporate fleet, the consumption of green electricity, and energy efficiency initiatives across our daily operations.

As a renewable energy producer with already very low carbon intensity, we demonstrate in practice that business growth and climate action can progress hand in hand. Our Net Zero roadmap is an integral part of our strategy for a sustainable energy future.

Since 2021, we have proudly stood by Giorgos Mouchtis, one of Greece’s leading para table tennis athletes.

Today, six years after the beginning of this partnership, we continue to support his journey in international competitions and share with him a path defined by perseverance, progress and remarkable achievements. Giorgos has become an integral part of the broader Principia community, actively participating in Diversity & Inclusion initiatives, discussions with our people about para-sports and actions that promote inclusion both in the workplace and in society.

Key achievements in recent years

• Gold medal at the Tatavla Ping Pong Open 2024 in the 18–39 age category, competing against able-bodied athletes.
• Silver medal in the team event with the Greek National Team in an international competition.
• Bronze medal at the European Championship (Helsingborg) – the first Greek medal in a men’s individual event in his category.
• Bronze medal at the ITTF Para Table Tennis Challenger Poland (March 2026) in Class 6.
• 8-time Greek National Champion.
• 18 international medals in para table tennis tournaments and competitions.
• Continuous rise in the world rankings, currently reaching No.12 in the world in his category.

A partnership built on shared values

Our support for Giorgos is part of our broader commitment to promoting equality and inclusion. As the first renewable energy company in Greece to sign the European Diversity Charter, we continue to invest in initiatives that create a positive social impact.

Six years after the start of this journey, we are proud to stand alongside Giorgos Mouchtis and will continue supporting his effort in the challenges ahead, aiming for even greater achievements — with his sights set on the Los Angeles 2028 Paralympic Games.

Principia - jointly owned by Enel SpA and funds managed by Macquarie Asset Management - announces that Aristotelis Chantavas will step down from his role as Chief Executive Officer (CEO), effective March 27, 2026. The new CEO will be announced soon.

Aristotelis Chantavas joined the company in 2018 as Head of Europe Area at Enel Green Power and played a key role in the company’s transformation into Principia following its acquisition by funds managed by Macquarie Asset Management.

Principia warmly thanks Aristotelis Chantavas for his contribution to the company’s growth and transformation and wishes him every success in his future professional endeavors.

On the occasion of International Women's Day, we organized a meeting bringing into focus real experiences from women who have turned difficulties into consistency, goal and action

The event "Stories That Changed the Way Forward" was an experiential discussion about strength, motherhood, resilience and what it means to move forward, even in adverse conditions. Their stories were told by Katerina Bofiliou together with her mother Georgia Bandouna and Anastasia Pyrgioti, while the discussion was moderated by Melina Taprantzi, founder of Wise Greece, a social enterprise with international recognition.

Paths that inspire us

Katerina Bofiliou and her mother, Georgia Bandouna, shared their journey, built with time, care, and unwavering dedication. From birth and early school years to Katerina's graduation from the Medical School of the University of Athens in 2025, their narrative highlighted what it means to persevere in your goal with daily effort and faith in yourself. Katerina was born with cerebral palsy, as a result of perinatal hypoxia followed by an ischemic attack, but its course proves how discipline and consistency can lead to the achievement of any demanding goal.

An equally important perspective was brought by Anastasia Pyrgioti, Clinical Psychologist (MSc) and boccia athlete, with a bronze medal at the Tokyo 2020 Paralympic Games. Her own experience sheds light on the real demands of everyday life for people with mobility disabilities in Greece, from the barriers to access to the invisible effort for continuous adaptation. As she emphasized, mental preparation, knowledge of rights and a consistent attitude towards any form of exclusion are necessary conditions for a dignified life and autonomy.

Commitment in practice

For us, Women's Day is not just a date, but a reminder of the responsibility of all of us: to actively support women, to recognize different starting points, inequalities and difficulties, to create environments where every woman can evolve, be heard and move forward with dignity. This event was a collective moment of respect and empowerment with stories that prove what it means to open new paths for yourself and your fellow human beings.

We have received a significant European distinction, as Principia is included in the list compiled by the Financial Times, in collaboration with Statista, titled: “FT1000: Europe’s Fastest-Growing Companies 2026”. This is one of the most reliable benchmarks of business dynamics at a pan-European level.

Principia's continuous development

For Principia Group, this distinction is reflected in specific numbers: 69% overall growth in the three-year period 2021–2024 and a 19.1% Compound Annual Growth Rate (CAGR). In a period of intense upheavals in the European economy and the energy sector, this performance confirms a stable and organic growth path.

Of particular importance is the fact that we are among only four Greek companies included in this year's list, while we are also the only company in the Renewable Energy sector to be distinguished. This is a recognition that goes beyond the narrow limits of a financial performance and serves as confirmation of its strategic direction, investment consistency and operational maturity company.

International presence in the era of energy transition

In recent years, we have been on a path of substantial growth and technological advancement. Through acquisitions and strategic investments in RES projects, energy storage infrastructure and sustainability initiatives, our portfolio has expanded significantly. Our installed capacity reached 727 MW, an impressive 30% increase compared to the previous year.

The presence in the FT1000 list reflects our momentum in a period in which the energy transition requires speed, reliability and scale. At the same time, it strengthens the company’s international footprint and places it among the organizations that actively contribute to shaping the new European energy reality. This distinction is a reference point for our next phase of development – ​​with an emphasis on sustainable scaling, value creation and the continuous strengthening of its role in the Greek and European energy market.

With the aim of raising awareness and informing, we organized for our employees the event "Inclusion: Challenges, techniques and best practices for people with intellectual disabilities and autism".

A work environment where everyone has space to be heard, participate and evolve is our firm commitment. In this context, we organized an open discussion about our interaction with people with disabilities: the way we communicate, the environment we create and the adaptations that can make a difference.

The presentation was implemented in collaboration with the "Margarita" Vocational Training Center, an organization specializing in education, vocational training and support of people with intellectual disabilities, promoting their autonomy and job integration.

From theory to practical solutions

The conversation started from a simple but important admission: the barriers are not only in the disability itself, but also in the context around it. Stereotypes that lead to hasty conclusions, awkwardness in communication, processes that are not made for different ways of understanding, and places with intense stimuli or time pressure, can make it significantly difficult for people with disabilities to integrate. Through examples and realistic scenarios, we focused on how we speak with respect and how we avoid assumptions that, unwittingly, reinforce exclusion.

Particular emphasis was placed on techniques that facilitate collaboration and enhance the sense of security in the workplace. We highlighted the value of structured and clear communication, a consistent routine and consistency in instructions, as well as flexibility in how information is shared, so that each person can understand and participate in their own way.

We also discussed good practices such as providing a calm and safe environment, distinct roles that correspond to the individual's real skills, continuous awareness, and a culture of respect that is not based on pity or "heroism". The key message was clear: inclusion means cooperation, not charity.

Ongoing commitment to equality

We continue to strengthen our strategy for inclusion, with equality being a core value for the way we work and coexist. In this direction, our team of employees "EveryOne Is Here" is also a point of reference, whose mission is to design and implement initiatives that enhance acceptance and respect for our corporate culture.  Principia has proceeded to sign the Diversity Charter, as a practical commitment to promote equality and inclusion.

Our collaboration with EEA "Margarita" is continuous and consistent, as in December we implemented together an action as part of our voluntary program Be The Hero and the Community Week of Offering, strengthening the connection of information with the meaningful participation of our people. With our initiatives, we seek to turn knowledge into everyday behavior,  To enhance understanding in our teams and to build a fair, accessible and truly inclusive, inclusive collaborative environment.

The presentation was implemented by Rosemary Kalogeria, Psychologist and Head of the Accelerated Training Program, and Anastasia Georgiou, Occupational Therapist and Job Coach, at the Margarita Vocational Training Center.

We are launching a new collaboration with the National Technical University of Athens, supporting the "Prometheus" student group in the construction of high energy efficiency electric vehicles

Prometheus Eco Racing is the energy efficiency racing team of the National Technical University of Athens and consists of undergraduate and doctoral students from the Schools of Electrical and Computer Engineering and Mechanical Engineering of the educational institution. The mission of the team is to design and manufacture high energy efficiency electric vehicles.

We support Prometheus Eco Racing in this project of research, innovation and engineering, operating with professional standards and high demands. The team represents Greece every year in the international competition Shell Eco-marathon, against top universities from all over the world, having won important distinctions to date.

Innovation Proven in Practice

The team's vehicle is original, environmentally friendly and built entirely by its members. Its energy efficiency is impressive: a journey of 1,000 kilometers can be made at a cost of less than €0.30. This performance is proof that efficiency, when combined with technical knowledge and proper design, can transform the way we perceive electric mobility.

State-of-the-art technology and real-world expertise

Prometheus Eco Racing develops all the vehicle's key subsystems in-house, from electrical circuits and telemetry systems to the three-phase permanent magnet motor and power inverter. At the same time, it designs and implements industry-standard control algorithms, while utilizing lithium-ion batteries and advanced energy management systems.

Continuous simulation, experimental verification, and optimization of each subsystem are a key part of the process, transforming theoretical knowledge into a measurable outcome.

Our commitment

Our support for the Prometheus Eco Racing team is a conscious choice and a substantial investment in knowledge and innovation. We believe that the energy transition is not just about projects and infrastructure, but more importantly about the people who will develop clean energy technologies. By supporting this effort, we are empowering a new generation of engineers who dare to design, test and evolve the sustainable mobility of the present and the future.

We have completed the acquisition of four operational wind farms with a total installed capacity of 150.2 MW from EDP Renováveis (EDPR), with an estimated value exceeding €200 million.

We announce the completion of the acquisition of a portfolio of four operational wind farms in Greece, with a total installed capacity of 150.2 MW, from EDP Renováveis (EDPR), following the fulfilment of all customary conditions stipulated in the relevant sale and purchase agreement.

With the addition of these new assets, Principia’s total installed renewable energy capacity now reaches 727.2 MW, representing an increase of approximately 26% compared to the previous year. Wind installed capacity increases by approximately 40.7%, reaching 518.6 MW (from 368.4 MW).

The transaction, with an estimated value exceeding €200 million, is fully aligned with our company’s strategy to further strengthen our portfolio with mature, high-performance, long-term renewable energy projects in Greece. The portfolio comprises four wind farms operating under 20-year Contracts for Difference (CfD).

The four wind farms are located in mainland Greece, specifically:

• Erimia Wind Farm, with an installed capacity of 35.4 MW, in the Municipality of Lokroi (Regional Unit of Fthiotida)
• Livadi Wind Farm, with an installed capacity of 45.2 MW, in the Municipality of Lokroi (Regional Unit of Fthiotida)
• Xironomi Wind Farm, with an installed capacity of 36 MW, in the Municipality of Tanagra (Regional Unit of Boeotia)
• Chalkodonio Wind Farm, with an installed capacity of 33.6 MW, in the Municipality of Farsala (Regional Unit of Larissa)

The total annual energy production of the above wind farms amounts to approximately 321 GWh.

• Principia has finalized the acquisition of four operational wind farms with a total installed capacity of 150,2 MW from EDP Renováveis (EDPR), with an estimated transaction value exceeding EUR 200 million.
• Following the closing of the transaction, Principia’s total installed capacity increases to 727,2 MW, further strengthening its position in the Greek renewable energy market.

Principia - jointly owned by Enel SpA and funds managed by Macquarie Asset Management - announces the closing of the acquisition of a portfolio of four operational wind farms in Greece from EDP Renováveis (EDPR), with a total installed capacity of 150,2 MW, following the fulfilment of all customary conditions stipulated in the relevant sale and purchase agreement.

With the addition of the new assets to its portfolio, Principia’s total installed renewable energy capacity now stands at 727,2 MW, representing an increase of approximately 26% compared to the previous year, while installed wind capacity rises by approximately 40,7%, reaching 518,6 MW (from 368,4 MW).

The estimated value of the transaction exceeds EUR 200 million and forms part of Principia’s broader strategy to further strengthen its portfolio with mature, efficient and long-term renewable energy assets in Greece. The acquired portfolio comprises four wind farms operating under 20-year Contracts for Difference (CfDs).

Our contribution to the local communities of the areas where we operate, throughout Greece, is a central pillar of our action. 

Through special programs, volunteer action, reforestation actions, donations and support for cultural actions, we are in constant interaction with local communities and prove our commitment to sustainable development. 

In cooperation with Organizations, Foundations, NGOs, Communities and Institutional Bodies, we have implemented, since 2020, over 320 actions and support initiatives throughout the country. In the period 2024-2025, we further strengthened our footprint, with nationwide initiatives but also with targeted interventions in areas where we develop and operate projects.  

Volunteering and collective giving 

Since 2022, we have been implementing the corporate volunteering program "Be The Hero", through which we have supported over 45 charitable organizations throughout the country and have carried out 3 environmental cleanups,  collecting over 12,500 liters of waste. Since 2024, we have established the annual Community Week initiative (on the occasion of World Volunteer Day), implementing a total  of 13 actions in collaboration with organizations and structures such as the Chatzipaterio center, the Athens Nursing Home, "Boroume sti Laiki", the SOS Children's Village of Thrace (Alexandroupolis), the "Agios Savvas" Hospital, the Margarita Vocational Training Center, Trees4Greece and the "Kivotos” Rehabilitation Center in Kozani. Our employees embraced these actions with consistency and enthusiasm, offering over 1,000 hours of volunteer work in total.

Circular economy with a social purpose 

As part of our corporate rebranding, we proceeded with an initiative of circular economy in collaboration with Fabric Republic, giving new life to materials that had been linked to the company's previous operations. Over 200 items (such as vests, hats, t-shirts, banners and bags) were transformed into brand new accessories and made available for a good cause, while enhancing responsible resource management and social contribution. Also, in 2025, during the construction of our first BESS Station in Chalkidiki "Themelio", waste resulted from the plastic covers of the 26 containers of the batteries, which were transformed into waterproof utility backpacks and which we offered to our colleagues.  In Kozani, in 2024, we created an original wooden playground utilizing pallets from the construction of the “Perasma” Solar Cluster, in collaboration with the University of Western Macedonia and CluBE.

Green initiatives and protection of natural wealth 

Our environmental action also has a substantial local footprint. In Kafireas (Evia) we completed a long-term project: the reforestation of the historic forest of Kastanologgos, with the planting  of 30,000 new trees in an area  of 660 acres, contributing to the restoration of a centuries-old wild chestnut forest. At the same time, we have been implementing since 2023, an innovative biodiversity protection program, placing artificial cages for the Tyto Owl in 12 solar parks in different regions of the country. In addition, in Crete we have proceeded with biodiversity enhancement initiatives, such as the creation of special feeders for birds of prey near wind farms, in collaboration with scientific bodies.

Targeted interventions with a strong local footprint (2024–2025) 

In the areas where we operate, we implement initiatives that respond to the real needs of the communities. Indicatively, in 2024-2025 we supported the SOS Children's Village of Thrace in Alexandroupolis with works to upgrade the outdoor spaces while also offering sports equipment. In the community of Sidera, we completed the renovation and promotion of the old school dating back to the 1930s, which now operates as a cultural meeting center, while in Karystos, we strengthened local beekeeping, contributing to a five-year journey that led in 2024 to the registration of the Greek flower honey "Kissouri Honey" as PDO.

Strengthening Civil Protection and the Fire Service 

Supporting Civil Protection and the work of the Hellenic Fire Service has been a long-standing priority for Principia, especially in areas where we are active in energy. In the period 2023–2024, we organized training seminars for members of the Fire Service in Kozani, Ptolemaida (Cadet School), Grevena and Chalkidiki, while we proceeded to provide consumables, equipment and materials to the Fire Services of Alexandroupolis and Kozani, as well as to the Fire Academy of Ptolemaida. At the same time, we collaborated with the 4th Special Disaster Response Unit (E.M.A.K.), for the implementation of an energy plant drill, practically enhancing operational readiness and safety.

Charity bazaars and social contribution from our people 

During the Christmas and Easter holiday seasons, we regularly organize charity bazaars at the company's Corporate Hub, with the participation of our employees. Through these initiatives, we have supported organizations such as ELEPAP, Make-A-Wish Greece, Chatzipaterio Child Rehabilitation & Support  Center and Margarita Vocational Training Center, strengthening their work in a meaningful and direct way. Bazaars are now an established institution of giving and participating for our corporate community. Every year we give our employees the opportunity, through the Givelink platform, to offer their Christmas gift for a social cause. The company doubles the offer, supporting families and children in difficulty. Through this initiative, tons of food and basic necessities have been made available in organizations such as "Together for Children", the Asylum for the Incurable, "Exelixi Zois", "To Foteino Asteri" and other social support organizations.

Standing by the New Generation of Engineers and Scientists 

We are constantly strengthening our connection with the academic community, through targeted collaborations and actions with educational institutions throughout the country. Our collaboration with Polytechnics and Universities proves in practice our commitment to investing in the new generation of engineers and scientists. This action follows our Energy On The Go educational program educational program, aimed at primary and high school students. 

Raising awareness and actions on life, equality and inclusion 

As part of our commitment to a corporate culture of equality, inclusion and social responsibility, we regularly implement information and open dialogue actions on issues concerning people and society. Starting from inclusion, we created the "Everyone Is Here" group, an internal initiative that brings to the fore the values of equality, diversity and inclusion. The team consists of employees from all departments of the company - regardless of gender, age, role or professional level. In 2025, we implemented the "Love Can Save Lives" program, with the aim of raising awareness about organ donation and transplants, organizing a discussion with a transplant recipient and becoming more informed by the Hellenic Transplant Organization. At the same time, on the occasion of International Days, we organize speeches and actions on disability, gender equality and diversity, enhancing meaningful dialogue and understanding. Finally, since 2021 we have been firmly by the side of Giorgos Mouchthis, the top Greek champion for people with disabilities in table tennis, supporting him in his participations in international events.

Continuing commitment 

For Principia, social contribution is a conscious choice and a firm commitment. With our people at the forefront, with reliable partnerships and with actions that have substance, duration and a measurable footprint, we continue to invest in what has real value: in the societies where we live and operate. 

The year 2025 marked a period of significant expansion, steady financial performance and strengthened contribution to Greece’s energy transition.

Through strategic investments in Renewable Energy Sources, energy storage and sustainable development, Principia continues to build a resilient, green future for all.

Strengthening Our Portfolio & Advancing the Energy Transition

In 2025, Principia achieved substantial growth, technological advancement and a deeper positive impact on the country’s green transition. With targeted investments in renewable energy projects, storage infrastructure and sustainability initiatives, our portfolio expanded significantly, reaching 626 MW of installed capacity - an impressive 30% increase compared to the previous year.

A major milestone was the completion of our first Battery Energy Storage System (BESS), a 49 MW facility located in Chalkidiki. The project, commercially known as “Themelio,” enhances the stability and future resilience of the Greek electricity system and marks Principia’s dynamic entry into the energy storage sector. In May, we inaugurated the “Perasma” Solar Cluster in Kozani — another landmark project supporting Greece’s decarbonization and energy transformation. Situated near the villages of Mavrodendri and Sideras, at altitudes reaching 750 meters, the project comprises seven PV plants with a total installed capacity of 95 MW.

Through these projects, Principia continues to play a decisive role in increasing clean energy production and accelerating the transition to a more sustainable energy model.

Social Impact & Corporate Responsibility

Our growth extended far beyond infrastructure and operational milestones. In 2025 we continued to invest meaningfully in local communities through initiatives focused on social contribution and environmental responsibility.

We supported the construction of the new Artificial Kidney Unit at the Karystos Hospital - a vital project scheduled for completion in 2026 that addresses an urgent healthcare need for the wider Evia region. Across Greece, we implemented 36 initiatives benefiting local communities, while our employees dedicated 1,085 volunteer hours through 12 actions, with Community Week 2025 being the highlight of the year. In total, we collaborated with and supported 19 nonprofit organizations and institutions, strengthening relationships of trust and providing direct support to those who need it most.

Our People & the Next Generation of Talent

Our people remain at the heart of every achievement. In 2025, we continued to invest in their development, wellbeing and growth.

Through our long-standing educational program Energy On The Go, we inspired 837 students to explore renewable energy technologies and the opportunities of the green economy. We participated in major Career Days at leading universities and delivered lectures on the RES sector in Athens and Crete, sparking new ideas and fresh perspectives.

Internally, we offered more than 4,892 hours of training, organized our first Internal Summit, conducted collaborative workshops that strengthened teamwork and innovation and expanded our wellbeing initiatives. At the same time, 15 new talents joined the Principia team, further enriching our collective expertise and potential.

Environmental Commitment & Sustainability

For Principia, sustainability and environmental stewardship are not aspirations - they are embedded in the way we operate.

In June, we announced the completion of a large-scale reforestation project covering 660 acres of forestland in the Kastanolongos region of South Evia, near the “Kafireas” Wind Cluster. This project not only contributes to the preservation and regeneration of ancient wild chestnut forests but also stands as a pioneering example of forest restoration, with no comparable initiative previously implemented in Greece. We also recycled a total of 8.62 tons of waste, including paper and electrical/electronic equipment, thereby preventing 892 tons of CO₂ emissions. In 2025, we also published our first Sustainability Report, reinforcing our commitment to transparency and formally affirming our path to becoming Net-Zero by 2040.

Public Dialogue & Recognition

Our presence in the public and professional sphere strengthened considerably in 2025. Principia participated with 13 speaking engagements at major industry conferences, sharing our vision, values and strategic priorities for the country’s energy future.

Our work was recognized with three significant awards - PR Awards, Cloud Awards and Event Awards - highlighting our innovation, operational excellence and positive social and environmental impact. With a clear strategy, a strong sense of responsibility and a team that continues to evolve, Principia remains committed to shaping the country’s energy future through sustainable projects, empowered people and thriving communities.

This year, the holiday season at Principia was shaped by two key elements: supporting our communities and the active involvement of our people.

We designed a series of initiatives that brought together giving, joy and a strong sense of togetherness. With solidarity in mind, and with the participation of our people, we contributed to communities all around Greece and supported important causes, through every aspect of our activities.

A Bazaar that Brought Smiles

At our Corporate Hub, we hosted a special charity bazaar in collaboration with “Margarita Vocational Training Center”. Our people had the opportunity to purchase gifts, ornaments and handcrafted items, while supporting the important work of the organization. Adding even more meaning to the initiative, many of the ornaments had been co-created by our colleagues and the organization’s beneficiaries during this year’s Community Week - making the contribution deeply personal and heartfelt.

Choosing a Gift - or Choosing to Give

For this year’s corporate gifts, we gave our people complete freedom of choice: from festive hampers and wellness sessions to a “secret” option with personalized surprises from… “Santa Claus”. Those who wished could instead donate the equivalent value of their gift to a social cause. The company matched every such contribution and, in collaboration with the Givelink platform, directed the total amount to the purchase of essential goods for families and children in need.

Through this initiative, we supported the work of the following organizations: Asylo Aniáton, “Anagennisi” Association of Parents & Friends of People with Autism, To Fotino Asteri, Save Your Hood, Exelixi Zois, “Frontizo” Day Center for People with Dementia, Association of Persons with Disabilities of Halkidiki “Agapi” and Co2gether.

Circular Economy in Practice

At the same time, every colleague received a symbolic gift: a waterproof backpack created through a circular-economy project delivered in collaboration with NGO “Fabric Republic”. By repurposing part of the 962 kg of plastic covers from the 26 battery containers of our first BESS in Chalkidiki, “Themelio”, we transformed unused material into a useful everyday item - while also enabling 150 families to access clean clothing.

We close the year having shared moments that brought us closer together and initiatives that created tangible, positive impact for people and communities. With the same spirit, we move forward into 2026 - committed to participation, solidarity and the belief that, when we act together, we can achieve even more.

During the construction of our first Battery Energy Storage System in Chalkidiki, "Themelio", waste emerged from the plastic covers of the 26 battery containers, with a total weight of 962 kg. The vast majority of these materials were recycled; but we treated 74 kg of it differently, deciding to give them a second life.

In collaboration with Fabric Republic, dozens of old blue battery covers were transformed into waterproof utilitarian backpacks, which we offered to our colleagues. Through this initiative, 150 families gained access to clean clothing, while at the same time 150 kg of CO₂ was not released into the atmosphere - demonstrating in practice the power of circular economy.

A philosophy that has been consistently built in recent years

This new action is not an isolated effort. In recent years, we have developed a comprehensive framework of circular economy initiatives, giving a second life to materials that would otherwise end up in waste and creating a social impact at the same time.

As part of our rebranding, over 200 vests, hats, t-shirts, banners and bags that had been used in our previous actions, we turned them - again in collaboration with Fabric Republic - into new, useful accessories such as scrunchies, bags, pencil cases, keychains and wallets.

In Kozani, we implemented the “Kivotos” project converting 500 pallets and cable transfer rotors from the "Perasma” Solar Cluster to an original, safe and fully accessible wooden playground for the "Kivotos" Rehabilitation Center. With the collaboration of Cluster of Bioeconomy and Environment of Western Macedonia (CluBE) and the scientific support of the Department of Fine & Applied Arts of the University of Western Macedonia, students and children created wooden toys and artistic structures, showcasing the power of reuse and social contribution.

Giving back to society

These projects – from the reuse of corporate materials to the creation of wooden infrastructure – are part of a broader philosophy: to create value for society and the environment through our activities. Each initiative is part of our Creating Shared Value (CSV) strategy and is directly linked to the UN Sustainable Development Goals, especially Goals 4 - Quality Education, 10 - Reduced Inequalities and 11 - Sustainable Cities and Communities.

Our new activity in Chalkidiki is added to a series of initiatives that prove the power of circular economy every day.

At Principia, we believe that real progress happens when everyone has the space to be heard, to participate and to grow.

With inclusion in mind as our starting point, we created “Everyone Is Here”, an internal initiative that brings the values of equality, diversity and inclusion to the forefront. The team consists of employees from all departments — regardless of gender, age, role or seniority level. It is an open space for dialogue, ideas and collaboration, where every voice matters.

Our purpose

The mission of “Everyone Is Here” is to design and implement actions that strengthen a culture of acceptance and respect, while inspiring colleagues to become ambassadors of diversity and inclusion. Through collective processes and practical initiatives, the team seeks to:

• highlight the importance of diversity in the modern workplace,

• reinforce inclusion in everyday corporate life,
• raise awareness around equality and social cohesion.

Our goal is not simply to adopt good practices, but to create an environment where every person feels they belong.

Actions with wider social impact

Inclusion does not stop at the company’s doors. The team plans and participates in initiatives that create a positive impact in society, contributing to a fairer and more equitable everyday life for all. From awareness activities and participation in international observances to collaborations with organizations and local communities, “Everyone Is Here” acts as a catalyst for change.

Our commitment to diversity

True to our commitment to fostering a workplace characterized by diversity and a genuinely inclusive culture, in June 2022 we became the first Renewable Energy company in Greece to sign the EU Diversity Charter.

Since then, we have implemented actions and initiatives that strengthen these values and leave a meaningful footprint. The same goal is reflected in our volunteer initiatives and our educational programs and outreach across Greece, through which we promote access to knowledge and the right to equality and dignified living. Because for us, diversity is not just a policy - it is the way we build our future.

• 7 integrated actions of social and environmental contribution were carried out, exceeding 650 hours of voluntary work in total.

On the occasion of International Volunteer Day (5/12), Principia organized Community Week for one more year, as part of the multi-award-winning corporate volunteer program “Be The Hero”. The aim of the initiative was to actively support social groups and organizations, while strengthening environmental care activities in local communities.

Social and Environmental Contribution Actions

Between December 1st and 9th, Principia employees participated in a comprehensive series of initiatives in collaboration with bodies and organizations throughout Greece:

• Blood Donation & “Agios Savvas”: A voluntary blood donation was carried out in collaboration with the “Agios Savvas” General Anti-Cancer-Oncology Hospital, supporting the company’s Blood Bank with 23 bottles of blood.
• “Margarita” Special Education Workshop: Creation of Christmas gifts, ornaments and paintings together with the children of the center, which will be made available at the organization’s Christmas bazaar to support its therapeutic programs.
• Athens Home for the Elderly: Painting and aesthetic upgrade of over 500 sq m. of elderly living spaces.
• "Trees4Greece": Planting over 100 slow-burning trees at the foot of Mount Hymettus, ensuring their care for the coming years with the support of the Municipality of Vyronas.
• "Boroume sti Laiki": Collection of 430 kilos of usable surplus fruits and vegetables, corresponding to 1,290 food portions, at the Ampelokipi farmers' market, with the aim of promoting them to beneficiaries of the Reception and Solidarity Center of the Municipality of Athens, contributing to the fight against food waste.
• "SOS Children's Village Thrace" (Alexandroupolis): Painting and aesthetic upgrade of the structure's external walls, as well as donation of sports equipment, including a professional-sized basketball.
• "Kivotos" (Kozani): Maintenance of the original wooden playground that was constructed in 2024 in the outdoor area of ​​the "Kivotos" Center for Recovery - Rehabilitation, Day Care, and Day Care for People with Disabilities.

Through these integrated actions, Principia stood by vulnerable groups, strengthened structures that perform important work, and protected the natural environment.

Practical, lasting impact

Community Week once again demonstrated the power of teamwork and collective mobilization. With over 650 hours of volunteer work, our people supported social structures, helped reduce food waste, upgraded basic infrastructure for the elderly and children, and contributed to environmental restoration actions. It was a week full of meaningful work, empathy, and real connection to society.

Be The Hero: A pillar of corporate responsibility

The corporate volunteer program “Be The Hero” is a key element of Principia’s strategy for social responsibility and sustainable development. For the fourth consecutive year, it mobilizes the company’s people to actively participate in social, environmental and educational initiatives. With more than 40 social actions annually throughout Greece, Principia creates stable and timeless value, strengthening its ties with local communities.

The volunteer week confirmed the company’s commitment to positive social impact, with the high participation and enthusiasm of Principia’s people being a key driver of success.

As part of Volunteer Day, we organized a week of social contribution and environmental responsibility

On the occasion of World Volunteer Day (5/12), we organized Community Week for another year, as part of the award-winning corporate volunteering  program Be The Hero. Our goal was to support social groups, social organizations and local communities, but also to strengthen environmental care initiatives. As demonstrated by Benevity's 2025 State of Corporate Purpose Report, the voluntary participation of employees is a key driver of increasing engagement, strengthening corporate culture and positive social impact - something that was confirmed again this year by the high participation and enthusiasm of the people of Principia.

Social and environmental contribution actions

From December 1st to 6th, our people participated in a comprehensive series of initiatives that left a tangible footprint on local communities:

• We carried out a blood donation drive in collaboration with the General Anti-Cancer – Oncology Hospital "Agios Savvas", collecting 23 bottles of blood and strengthening the company's Blood Bank.
• We created Christmas gifts, ornaments and paintings together with the children of "EEA Margarita", which will be donated to the organization's Christmas bazaar, supporting its educational programs.
• We painted and aesthetically upgraded over 500 sq.m. of living spaces at the "Athens Home for the Elderly".
• We planted over 100 trees and ensured their care for the coming years on Hymettus, in collaboration with "Trees4Greece" and the support of the Municipality of Vyronas.
• We participated in the "Boroume sti Laiki" activity at the market of Ampelokipi, collecting 430 kilos of usable surplus fruits and vegetables. The products correspond to 1,290 portions of food and were offered to the Reception and Solidarity Center of the Municipality of Athens, while their utilization prevented the release of 3.379 kilograms of CO₂ (the equivalent of 61 trips from Athens to Thessaloniki by conventional car) into the atmosphere and the waste of 5,418,000 liters of water.
• We painted and aesthetically upgraded the exterior walls of the structure of the "SOS Children's Village of Thrace" in Alexandroupolis and at the same time donated sports equipment and a professional-sized basketball hoop system.
• We performed maintenance works on the original wooden playground that we built in 2024 of the Center for Recovery - Rehabilitation, Day Care, Day Care for People with Disabilities "Kivotos", in Kozani.

Through these actions, we stood by vulnerable groups, strengthened structures that perform important work and protected the natural environment.

Lasting Practical Impact

Our Community Week proved once again the power of team giving and collective mobilization. With over 650 hours of volunteer work, our people supported social structures, helped reduce food waste, upgraded basic infrastructure for the elderly and children, and contributed to environmental restoration actions. It was a week full of meaningful work, empathy and real connection with society.

Be The Hero: A Pillar of Corporate Responsibility

The Be The Hero corporate volunteering program is a key element of our strategy for social responsibility and sustainable development. For the fourth consecutive year, it motivates our people to actively participate in social, environmental and educational initiatives. With more than 40 social actions annually across Greece, we create consistent and timeless value, strengthening our ties with local communities.

We organized a series of indoor competitions enabling all employees to actively participate, both in individual and team sports

The Athletic Games were a complete internal initiative that brought the company's people together through exercise and created a dynamic framework of participation, cooperation and fair play.

The program included a wide variety of activities: basketball (3-on-3), bowling, laser tag, padel, mini-basket, ping-pong, running, but also darts. The games were held in outdoor sports venues in Athens and within our Corporate Hub, creating a balanced mix of experiences.

Different challenges, common goal

Each sport had its own character and required different skills to achieve victory. Laser tag was based on collaboration, communication and team strategy, while running, with the participation of our Running Team in the Greece Race for the Cure, required individual endurance and speed. Similarly, padel required its own special tournament, with matches between pairs and progression within the event, until qualifying for the grand final. Even lighter events, such as ping-pong or darts, kept suspense high thanks to their competitive element and mass participation.

In addition to promoting well-being and engaging in sports, with the Games we strengthened teamwork and cultivated a climate of cooperation that is also transferred to our daily lives. The Athletic Games are proof that sports can substantially enhance company culture, motivate people and turn everyday life into a more active, participatory and positive experience for all.

We continuously strengthen our connection with the academic community through targeted collaborations and initiatives with leading educational institutions across Greece.

Career Orientation Activities in Athens & Xanthi

Since the beginning of the year, as part of our career orientation initiatives and participation in career days, we have visited institutions such as the Alba Graduate Business School, the Doukas Schools, the International MBA program of the Athens University of Economics and Business, the School of Mechanical Engineering and Computer Engineering at the National Technical University of Athens (NTUA), as well as the Departments of Environmental Engineering and Production & Management Engineering at Democritus University of Thrace in Xanthi.

Through our participation in these activities, we offered students and recent graduates the opportunity to explore career prospects in the field of energy and Renewable Energy Sources (RES), while highlighting the importance of sustainable development and environmental responsibility in modern business practices.

Thematic Lectures on Renewables in Athens, Chania and Heraklion

Since the start of the new academic year, we have actively participated in thematic lectures and interactive talks on Renewable Energy Sources in universities and polytechnic schools across Greece.

We visited the School of Electrical and Computer Engineering at NTUA, where we took part in the Seminar on Electrification Technologies and Applications. Our participation underscored the importance of collaboration between academic research and industry, emphasizing the opportunities that technological progress offers for developing innovative solutions in the fields of energy and storage. At the same time, we traveled to Crete, organizing open events in Heraklion and Chania with the participation of students from the School of Engineering of the Hellenic Mediterranean University and the School of Electrical and Computer Engineering of the Technical University of Crete. These events focused on the practical application of technology and the preparation of young engineers for the job market, offering them the chance to interact directly with our company’s professionals, learn about technological trends, and explore potential employment and collaboration opportunities.

Supporting the New Generation of Energy Professionals

Our collaboration with universities and polytechnic schools demonstrates our firm commitment to investing in the new generation of engineers and scientists. This effort follows our educational program Energy On The Go, designed for primary and secondary school students.

Through this program, we have already visited elementary and high schools in the Municipality of Polygyros, engaging with students on topics such as Renewable Energy Sources, energy efficiency, and the circular economy. The initiative took on special significance, as it coincided with the completion of Principia’s first BESS project in the region, “Themelio”.

Through initiatives like these, we strengthen the exchange of knowledge and experience and build channels of communication that foster research and innovation. With consistency and vision, we continue to support the academic community — investing in knowledge, talent, and the future of Greek engineering and technology.

Since 2021, we have stood consistently by the side of Giorgos Mouchthis, Greece’s leading para table tennis athlete, supporting his participation in international competitions and accompanying him on a journey marked by resilience, progress and remarkable achievements. This year, we celebrate five years of collaboration — five years defined by perseverance, growth and shared values.

Today, Giorgos ranks No. 16 in the world, having won the Greek National Championship eight times and collected 19 medals in international tournaments. Among his standout achievements are the silver medal in the team event with the Greek National Team, as well as his historic 2025 performance at the European Championships in Helsingborg, where he secured Greece’s first-ever individual men’s medal (bronze), defeating the world No. 3 along the way.

His rapid rise over the past years is no coincidence. Climbing from world No. 31 to No. 16, Giorgos openly acknowledges the role Principia has played in his development: “If I didn’t have the company’s support all these years, I might not have achieved everything I have today. It is an honour to walk this path together,” he says.

Standout Achievements

In the first official event of the 2024–2025 season, the “Tatavla Ping Pong Open 2024,” Giorgos claimed the gold medal in the 18–39 age category — competing against able-bodied players. This victory highlights not only his competitive level but also his determination.

He now prepares for the 2025 European Championships in Sweden, aiming to match or surpass his 2019 silver medal in the very same event and venue. His long-term goal remains qualification for the 2028 Paralympic Games in Los Angeles.

A Partnership Beyond Sport

Giorgos is much more than an athlete we support — he is an active and valued member of the Principia community. He has participated in our Diversity & Inclusion initiatives, spoken to our employees about his athletic journey and the mindset behind para-sport, and even coached participants in our internal table tennis championship.

His presence and example have been embraced by everyone, reaffirming that inclusion and diversity are not just values we promote — they are values we put into practice every day.

Our Commitment to a More Inclusive World

Principia was the first Renewable Energy company in Greece to sign the EU Diversity Charter, highlighting our commitment to equality and inclusion. Our support for Giorgos forms part of a broader strategy that includes awareness initiatives, employee engagement in volunteer activities and actions supporting people with disabilities.

Like all our initiatives that create Shared Value, our partnership with Giorgos aligns with the UN Sustainable Development Goals — particularly Goal 3 (Good Health & Well-Being) and Goal 10 (Reduced Inequalities).

Looking Ahead

Five years after the beginning of this partnership, our pride continues to grow. Giorgos Mouchthis inspires us with his dedication, discipline and authenticity. And we will continue to stand by his side — through competitions, challenges, victories and everything still ahead.

We started "Energy on the Go" for another year. Our first visits took place in schools in Polygyros, Chalkidiki

As part of the educational program "Energy on the Go", we visited Primary Schools and High Schools in the Municipality of Polygyros and talked to students about renewable sources, energy saving and the circular economy. This action acquires special meaning as it was implemented in parallel with the completion of Principia's first energy storage project in the area, "Themelio".

Education for students of all ages

Starting the 11th year of the program, we visited two Primary Schools in Polygyros, where children had the opportunity to learn more about the concepts of energy, renewable sources, innovation and sustainability, through interactive methods and experiential games.

Furthermore, at Galatista High School, we opened a constructive dialogue with the participants about green energy, both as a driving force of sustainable development and as a dynamically developing sector that they can explore and choose for their professional future.  At the same time, we encouraged female students to engage in professions in the industry, electrical engineering and technology in general, as part of our effort to strengthen equality at work, combat stereotypes and empower women and girls in Science.

 "Themelio": a milestone in the energy transition

We operate in Polygyros with the "Vavdos" Solar Park and the "Themelio" Battery Energy Storage System. By developing a BESS solution, we contribute to the smoother integration of RES into the grid, reducing production cuts and enhancing stability during peak hours.

Through the implementation of "Energy on the Go", students understand energy technologies in practice and develop ecological awareness. Thus, we support the local community, making the new generation an active participant in the path to the green transition.

Looking ahead

By combining educational action and technological infrastructure, we are laying the foundations for a more sustainable energy future. At the same time, in Polygyros, we open a window of interaction with students, teachers, parents and the wider community.

Over 4,800 pupils and students from different regions of Greece have already participated in "Energy on the Go" since 2014. The program continues to be an opportunity for us to inspire, raise awareness and build a tomorrow with strong links between innovation and creating value for local communities, exactly as we envision it.

At Principia, we remain firmly committed to accelerating the energy transition through innovation, technology and sustainable investments. As part of this strategy, we are completing our first Battery Energy Storage System (BESS) - a landmark project not only for our company, but also for the entire Greek energy market. The unit, commercially named “Themelio”, is located in Polygyros, Chalkidiki, and is one of the first BESS projects implemented in Greece, aligned with the national plan for grid stability and system electrification.

A Foundation for the Future

The name “Themelio” (meaning “foundation”) is no coincidence—it symbolizes the beginning of a new era for Principia, in which we expand beyond renewable energy generation and strengthen our technological diversification. At the same time, we reaffirm our commitment to sustainable investments and energy innovation, with the goal of maximizing the value of Renewable Energy Sources.

The “Themelio” Project in numbers

Construction began in April 2025 and was completed in September of the same year. The project has a power capacity of 49MW, an installed storage capacity of 127.04MWh, and a guaranteed storage capacity of 98MWh for two hours, delivering significant flexibility to the grid. This capability enables better balancing of supply and demand, enhancing the stability and efficiency of the power system.

The system consists of 26 Sungrow battery containers, each with a maximum capacity of 5,015 kWh and equipped with advanced CALB 314Ah cells. It also includes 13 Sungrow power stations with 5,140 kW transformers and 33kV medium-voltage switchgear, as well as two medium-voltage terminal substations that ensure smooth and secure grid interconnection.

Of particular importance is the fact that over 20,000 work-hours were completed with zero accidents, confirming our strict adherence to health and safety standards.

Benefits for the Energy System

Principia’s “Themelio” energy storage unit delivers tangible benefits to Greece’s energy system and market. First, it helps reduce curtailments from wind and solar plants-especially in grid-congested areas-by absorbing excess generation and injecting it back into the system when needed. It also enhances system stability by providing power during peak demand and ensuring smooth grid operation. In addition, the unit promotes energy decentralization, as it is located close to renewable energy production sites, contributing to the creation of a more flexible and intelligent energy environment.

Looking Ahead

With “Themelio”, we are taking on new technology, but this is just the first of many steps. We continue to invest in energy storage solutions and innovative technologies that will increase the value of renewable energy, ensure grid reliability and shape a clean, sustainable and resilient energy future.

Advancing research and innovation in wind energy

We supported the 21st EAWE PhD Seminar, organized by the National Technical University of Athens (NTUA) in collaboration with the Hellenic Wind Energy Association (HWEA) and the European Academy of Wind Energy (EAWE).

The event took place in Athens, from 1–3 October 2025, bringing together PhD candidates, academics, and industry representatives from across Europe and the United States. The seminar served as a dynamic forum for knowledge exchange, idea sharing, and research presentations focused on wind energy, technological innovation, and the challenges of the energy transition.

Our commitment to clean energy and the next generation of scientists

Through our participation and support, we reaffirmed our commitment to advancing research, scientific excellence, and the development of new talent that will shape the future of renewable energy.

We continue to invest in collaboration between academia and industry, recognizing that progress toward a sustainable, low-carbon future depends on strengthening knowledge, innovation, and technological advancement.

Contributing to the energy transition

Our support for initiatives like the EAWE PhD Seminar reflects our vision for a cleaner, more resilient, and competitive energy sector, built on scientific collaboration and continuous innovation.

Learn more about the 21st EAWE PhD Seminar here: https://phd2025.eawe.eu/

The Principia Running Team proudly participated in the Greece Race for the Cure 2025, the largest running event in Greece dedicated to the prevention and fight against breast cancer. The Greece Race for the Cure is part of an international initiative held in dozens of countries worldwide, aiming to raise awareness, promote prevention, and support women fighting their personal battles.

Our participation carried a double meaning: on one hand, we stood by all women who face breast cancer every day; on the other, we contributed to raising public awareness about the importance of early diagnosis and access to better treatments.

Together with thousands of runners, we filled the streets of Athens with a strong message of solidarity and hope: breast cancer concerns us all, and the fight for prevention and cure is a collective responsibility. By joining Greece Race for the Cure, we reaffirmed our commitment to support initiatives that unite sports, wellbeing, and social responsibility.

Wellbeing at the Core

At Principia, we believe that wellbeing is a cornerstone of our corporate culture. Our consistent presence in running events such as the Athens Authentic Marathon and the Athens Half Marathon is a clear demonstration that sports, wellness, and community engagement are at the heart of our actions.

For us, wellbeing means caring for the body, the mind, and the community. This approach is reflected in a wide range of initiatives, including:

• programs promoting exercise and healthy living,
• activities that support physical and mental health,
• opportunities for employees and communities to participate in social actions.

Our participation in the Greece Race for the Cure is another step in this direction. We support women battling breast cancer, as well as those striving for equality, confidence, and empowerment. Similarly, initiatives such as the Krav Maga class on International Women’s Day highlighted the importance of self-protection and personal empowerment, underlining the value of safety and independence in every woman’s life.

Commitment to Social Responsibility and Sustainable Growth

As a company that creates value through energy, we remain committed to a strategy that combines sustainable growth with social responsibility. Our participation in Greece Race for the Cure is part of this broader commitment to invest in actions that promote health, equality, and progress for all.

At Principia, we continue to build a world with more health and fewer inequalities, where the empowerment of people and communities goes hand in hand with development and innovation in the energy sector..

By Eugenia Melea, Chief People, Culture & Sustainability at Principia

In recent years, “innovation” and “sustainability” have become two of the most used words in business. Far from being two buzzwords, they constitute deeply interconnected forces that, when combined, can shape a better future.

Sustainability without innovation can become a static checklist, unable to keep pace with urgent environmental and social challenges. Innovation without sustainability may deliver short-term excitement but long-term harm. However, when they work together, they create solutions that are both forward-looking and future-proof. Innovation provides the tools and creativity while sustainability provides the direction and responsibility.

Asking The Right Questions

Sustainable thinking forces us to ask: What will this mean for people, the planet, and future generations? That question opens the door to new business models, partnerships, and ways of working.

In the energy sector, integrating local community needs into renewable projects has sparked creative partnerships that would never have emerged in a purely profit-driven model. At Principia, for example, we created the Vamvakies A Social Green Project to combine clean energy production with local entrepreneurship: a group of women cultivated aromatic plants within our solar park in Kozani, creating new income streams while strengthening community ties. This kind of innovation emerges when sustainability is part of the design process from day one.

Our embrace of innovation continues to drive both operational efficiency and environmental stewardship. Our Tyto initiative entails deploying artificial barn-owl nests across twelve of our solar parks, which not only fosters local biodiversity, but actively contributes to natural pest control, reducing reliance on chemicals. Similarly, we’ve engineered and deployed a fully autonomous robotic system, nicknamed “Aristos” and tasked with mowing grasses and managing vegatation across our solar sites. By automating what was once labor-intensive maintenance, Aristos significantly cuts operating costs and minimizes human intervention.

Leading with the Future in Mind

Embedding sustainability across an organization requires leadership at all levels to embrace a mindset of long-term stewardship. This means taking a long-term view, even when short-term pressures are intense, with ESG as a driver of resilience and competitiveness. It is also crucial to encourage collaboration across functions so that sustainability is integrated into every decision.

Leaders also need to prioritize safety in the workplace and foster a culture where people feel free to challenge assumptions, propose unconventional ideas, and learn from failure. Without that, innovation stalls.

Breaking Barriers, Building Momentum

Short-term outlook, siloed thinking, and fear of change can pose major obstacles that can only be overcome by having the right structure and culture in place. This means linking leadership incentives to sustainability outcomes, running small pilots to prove new ideas, and making it clear that learning from failure is part of progress.

One way to bridge gaps is to connect directly with the next generation. Our Energy On the Go program does exactly that: our teams visit schools across Greece to inspire children about renewable energy. This educational activity raises awareness while planting the seeds of future innovation by showing young people that they can be part of the energy transition.

Turning Ambition into Everyday Action

Turning the theory of “innovation plus sustainability” into practice starts with listening to diverse voices, because complex problems demand multiple perspectives. It requires aligning innovation goals with clear sustainability outcomes, ensuring that creativity is always anchored in purpose. And it depends on measuring and reporting progress transparently, so that achievements are visible, challenges are acknowledged, and accountability is built into the process.

At Principia, our first Sustainability Statement, aligned with the European Sustainability Reporting Standards, gave us a framework to integrate environmental, social, and governance priorities into our strategy. But more importantly, it reaffirmed that for us, sustainability is not a trend, but a clear commitment.

The energy transition will not be driven by technology alone. It will be shaped by the values we embed in our innovations, the inclusivity of our decision-making, and the courage to think beyond the next quarter. Because the most powerful innovations are those that make life better — not just for us, but for the generations to come.

The article was published on The Boardroom’s LinkedIn account on September 26, 2025.

Renewables can play a key role in preserving and enhancing our natural heritage, alongside the green transition

Biodiversity, i.e. the set of living organisms, habitats and ecosystems, as well as the interactions that develop between them, is a cornerstone for the functioning of the natural world and human well-being. Pollution, climate change and soil erosion threaten biodiversity, reducing the ability of ecosystems to provide clean water, fertile soil, and natural pest control.

The green transition is a key step towards tackling climate change, reducing carbon dioxide emissions, and ensuring energy autonomy, while at the same time it can contribute to the conservation of biodiversity, through innovative initiatives.

Clean energy, environmental protection

By limiting the use of fossil fuels for energy production, renewables reduce emissions of CO₂ and other gases that exacerbate climate change. This ensures better conditions for sustainable ecosystems and reduces pressure on natural habitats, which indirectly supports biodiversity.

The development of innovative energy storage solutions (BESS), such as our new project in Paliolivada, Halkidiki, enhances the penetration of renewables into the energy mix, utilizing production when it peaks and further reducing the need for the use of polluting plants. As a result, the impact on flora, fauna, and aquatic systems is significantly mitigated, compared to fossil fuel energy production.

Initiatives with a meaningful impact

Recognizing the need for environmental sustainability and nature protection, we implement a series of initiatives that expand our green footprint. Through studies and in collaboration with local communities and bodies such as the Forestry Department, we proceed with reforestation that restores degraded forest areas and enhances their long-term ecological value. A typical example is the revitalization of 660 acres of land in Kastanolongos, Evia., where we planted 30,000 new saplings to help restore an ancient wild chestnut forest.

At the same time, in collaboration with the organization "Tyto", we implemented an innovative program to enhance the reproduction of the species of the owl of the same name. In order to limit the damage caused by rodent populations to our photovoltaic projects, we installed artificial nests that will be colonized by the nocturnal predator, which feeds almost exclusively on mice. Our goal was to support the reproduction of the Barn owl while avoiding the use of chemicals or other substances, which would damage the subsoil and the aquifer.

In addition, near our Agios Kyrillos and Kouloukonas Wind Farms  in Crete, we have created special feeders for birds of prey, in collaboration with the Natural History Museum of Crete and the University of Crete. By supplying, operating and monitoring the feeding stations, we have helped significantly to strengthen the population of birds of prey that pass through the areas of Asterousia – Kofinas and SE Psiloritis.

Green transition with respect for Nature

The combined approach of biodiversity and renewable energy shows that renewables can play a key role in preserving and enhancing our natural heritage. The transition towards an energy-sustainable future is not just a change in technologies but also an ecological and social challenge, focusing on protecting nature, preserving biodiversity, and building resilient and vibrant local ecosystems.

Through another giving initiative, we made a series of book donations to kindergartens and primary schools

In collaboration with Library4all, a non-profit organization that collects and distributes educational material, we donated books to selected kindergartens and primary schools whose libraries needed support. Identifying this need, we called on our employees to donate books for children aged 4 to 12.

As a result, we collected reading material in excellent condition, which will be sent to the Primary School of Amaliada, the Agios Dimitrios Kindergarten (Nafplio), the 4th Kindergarten of Heraklion, Crete, and the organization Reading is Growing Up.

Thanks to the book donations from our employees, these school libraries will become a little richer.

In line with the principles of the circular economy, we are strengthening the reuse of books, and at the same time improving students' access to material that cultivates knowledge and creative thinking.

Educational activities for all

This was another initiative to support the educational work of schools in our country. At the same time, as part of the "Energy on the Go" program, which we have been implementing for 11 years, we bring students into contact with the concepts of energy, sustainability and innovation, through experiential activities. With visits by our volunteer employees to schools,  As well as student trips to our plants, kids have the opportunity to combine the knowledge they gain from books with practical stimuli about the future of energy.

Also, during the Covid-19 pandemic, we offered technology equipment to the children of the Polymylos Primary School, in Kozani, so that they could attend their classes remotely.

With our initiatives, we continue to implement our goal of creating value, not only through the know-how and innovation of our activity, but also through actions that empower future generations.

We are implementing the "Energy on the Go" educational program for another school year, with the participation of students and young people from all over Greece

Our innovative Energy on the Go educational program, which has been implemented under the auspices of the Ministry of Education, Religious Affairs and Sports since 2014, is starting for another school year. To date, thousands of students from all over Greece have had the opportunity to get to know the world of energy, sustainability and the circular economy through actions that combine knowledge, dialogue and experience.

Educational activities throughout Greece

Over the past ten years, more than 75 schools and educational institutions have participated in the program, with over 4,700 children and young people taking part in visits, presentations and experiential activities.

Students from Athens, Agrinio, Kozani, Lamia, Grevena and Alexandroupolis, among others, learned more about green energy, through visits of our team of volunteers to classrooms, as well as guided tours of children in our parks throughout Greece. At the same time, we welcomed Vocational High School students to our Corporate Hub, conversing with young people about employment opportunities in the energy sector. The response of the educational community gives us impetus to continue, planning new educational actions every year.

Initiatives for the 2025-2026 school year

In the new year, we are expanding our program by implementing an even richer and more interactive educational cycle, with visits to schools throughout Greece as well as tours of our wind and photovoltaic parks.

To register your school for participation in the “Energy on the Go” program or for more information, you can send an email to [email protected] or contact Ms. Aggeliki Papaiakovou at: 6974760438.

You can download the program brochure in Greek here.

We expand our renewables portfolio by acquiring 150 MW of operating wind farms in Greece from EDP Renováveis.

Principia has signed a Sale and Purchase Agreement to acquire a portfolio of four operating wind farms with a total capacity of 150 MW in Greece from EDP Renováveis (EDPR), with an estimated Enterprise Value of over €0.2 billion.

The portfolio consists of four wind farms, all operating under 20-year Contracts for Difference (CfDs). The addition of 150 MW raises Principia’s total renewable installed capacity in Greece to 727 MW.

Aristotelis Chantavas, CEO of Principia, said: “The acquisition of this portfolio strategically strengthens Principia’s presence in the Greek renewable energy market, in a constantly evolving environment, and reaffirms a role of leadership in the country’s energy transition. With this investment, we further reinforce our position in the Greek clean energy market and take another step toward delivering on our ambitious plan for growth, diversification, and reliable clean energy generation across Greece.”

The transaction is expected to be completed during 2025.

• Principia expands its renewables portfolio by acquiring 150 MW of operating wind farms in Greece from EDP Renováveis.
• The estimated transaction value amounts to over 0.2 billion

Principia – jointly owned by Enel SpA and funds managed by Macquarie Asset Management - has signed a Sale and Purchase Agreement to acquire a portfolio of four operating wind farms with a total capacity of 150 MW in Greece from EDP Renováveis (EDPR), with an estimated Enterprise Value of over €0.2 billion.

The portfolio consists of four wind farms, all operating under 20-year Contracts for Difference (CfDs). The addition of 150 MW raises Principia’s total renewable installed capacity in Greece to 727 MW.

Statement by Aristotelis Chantavas, CEO of Principia: “The acquisition of this portfolio strategically strengthens Principia’s presence in the Greek renewable energy market, in a constantly evolving environment, and reaffirms a role of leadership in the country’s energy transition. With this investment, we further reinforce our position in the Greek clean energy market and take another step toward delivering on our ambitious plan for growth, diversification, and reliable clean energy generation across Greece.”

The transaction is expected to be completed during 2025.

Investments in more storage of energy from renewable sources ensure greater penetration into the system and are the only way to cheaper energy and cost savings for households and businesses

Energy storage is a catalyst for the energy transition, as it allows greater use of production from renewable sources. Investments in storage systems are the only way to reduce energy costs and ensure adequacy and stability for households and businesses.

Critical role in the electricity system

Modern storage systems make a decisive contribution to the flexibility and adequacy of the electrical system. They support the management of congestion and overproduction, while ensuring energy coverage during peak periods.

According to the International Energy Agency (IEA), the global storage market has almost doubled within a year, reaching 170 GWh in 2024 from 90 GWh in 2023 – a trend that is expected to intensify even more in the coming years.

Principia's strategy

With an eye to the future, we are investing in innovation with energy storage projects at the forefront. A primary example is our 49 MW BESS project "Themelio" in Chalkidiki, which is among the winners of the recent stand-alone storage tender.

Enhancing the penetration of renewables

Renewable energy sources are at the core of the strategy for a sustainable and independent energy future, according to the National Energy and Climate Plan. Energy storage enhances the penetration of renewables into the energy mix, harnessing production when it peaks – like photovoltaics on days of high sunshine.

During these hours, battery systems absorb and store energy that can replace or support the operation of conventional production units.

Cost reduction and price stability

Storage acts as a buffer for fluctuations in energy prices, stabilizing supply and limiting the need to resort to expensive, polluting units. This translates into lower costs and greater security for end consumers.

Optimizing electrical space

The combination of storage with the modernization and expansion of the grid is necessary to cope with restrictions and cuts in RES production. At the same time, solutions such as the repowering of existing plants or hybridization with the installation of photovoltaics in existing wind farms maximize the utilization of the available electrical space and increase the overall efficiency of the projects.

Towards a stable regulatory framework

The rapid penetration of new technologies requires a clear and stable regulatory framework. Only in this way will the necessary environment be created to attract investments, make the best use of the existing infrastructure and complete the transition to a sustainable and autonomous energy model for the country.

We spoke to Naftemporiki TV about the reforestation project we completed in Kastanologgos, giving new life to 660 acres of chestnut forest

We recently completed a five-year reforestation program in the area of Kastanologgos, in South Evia, near the Kafireas Wind Cluster. We had the opportunity to talk to Naftemporiki TV about this initiative, which will contribute decisively to the regeneration of the ancient wild chestnut forests of the area.

The ancient forest of Kastanologgos, on the slopes of Mount Ochi, was in danger of extinction, with its youngest tree being 150 years old. Identifying the immediate need for forest revitalization, we started in 2018, under the guidance of the Forestry Department and the Local Authorities, a holistic reforestation effort  of 660 acres, planting a total  of 30,000 new trees.

A visionary project

The project included several critical stages, such as the creation of forest roads and fire zones to improve accessibility and safety, as well as the installation  of 13,000 meters of fencing in order to protect the new trees from overgrazing and other exogenous factors. To ensure the survival of the new trees, we installed over 126,000 meters of water network and we have created corresponding tanks, having committed to their maintenance in the coming years.

Today, Kastanologgos is experiencing an impressive revival: for the first time in 150 years, new chestnut trees are taking root and growing in this primeval forest, having a positive effect on the environment, enhancing biodiversity and highlighting the natural wealth of the area.

By Aristotelis Chantavas, CEO of Principia & President of SolarPower Europe

Faced with the triple challenge of security, competitiveness and the climate crisis, Europe must move into the future with a clear commitment to the energy transition: Flexibly harnessing solar energy to accelerate and ultimately achieve full electrification.

Europe at a critical crossroads

Last year, Europe achieved a historic milestone: The sun surpassed coal in electricity generation. This is not just something symbolic, but also a tangible step towards building a resilient, stable energy system.

Over 65 GW of solar power was installed across Europe in 2024 alone. Public services, hospitals, schools and rural units are increasingly turning to solar energy to reduce their bills and emissions. Solar energy today covers the electricity needs of more than 80 million European households. But we need to go further and faster.

Clean Industrial Deal: A Strategic Opportunity

The implementation of the European Commission's "Clean Industrial Deal" strategic plan can be a catalyst for the energy transition. The prioritization of electrification as a key strategy, with a target of 32% by 2030 – from 23% today – is positive. However, this goal must be seen as a basis, not a limit. Because reality shows that there is huge untapped potential in sectors such as transport, buildings and industries.

In addition, the full and swift implementation of existing legislation on renewables and the electricity market will reduce price speculation and ensure that clean energy becomes a tool rather than a barrier to competitiveness, paving the way for even more investment.

In addition, initiatives to support and strengthen the technological supply chain can act as a catalyst for the relaunch of European industry in the field of solar technology. It is enough to apply them carefully, as an incentive and not as a restriction that will stop growth.

Without flexibility there is no transition

The biggest stake for the future is the flexibility of the system. The success of the Clean Industrial Deal and the Green Deal depends on our ability to adapt our infrastructure to a reality where production is now decentralized and variable.

Energy storage – particularly through batteries – is the shortest path to cheaper and more stable energy. SolarPower Europe estimates that an energy system based on renewable sources and flexible technologies can reduce daily electricity prices by 25% by 2030.

The EU has already laid the foundations for the grids, but this is not enough. A European Storage Action Plan is needed – with funding, targets and clear timelines.

From ambition to action: Three priorities

In the coming months, the European Commission is called upon to turn ambition into action with three main interventions:

1. Immediate activation of the Industry Decarbonization Fund, with the support of innovative tools such as the "Carbon Contracts for Difference", which will accelerate the electrification of industries.
2. Expansion of the Networks, so that they explicitly and with resources include energy storage, as a key element of system stability.
3. Establish a European Storage Action Plan, which will ensure the development and integration of battery solutions in each Member State, aiming at the sustainable stability of RES.

The choice is now

In a changing world, Europe is called upon to choose whether to follow the change or lead it. Clean energy – and especially solar energy – offers not only solutions to the climate crisis, but also strategic independence, economic sustainability and technological leadership.

Transition is no longer a question, but a given. The crucial question is whether it will be implemented with a plan, security and coherence – or with fragmentation and delays.

The decisions taken today will determine whether Europe simply responds to the challenges or turns them into opportunities for a new, clean and competitive growth model.

The article was published in the special edition Greek Energy 2025, in July 2025.

We brought children closer to the concept of Renewable Energy, with a unique episode

We hosted the Hellenic Broadcasting Corporation (ERT) children's program "Discovering the World", in a special episode dedicated to wind energy, entitled "The Power of Wind: A Source of Energy for Man". At our Martino Wind Farm, we welcomed kids who had the opportunity to get to know how wind energy works and what role Renewable Energy Sources can play in ensuring the sustainability of our planet.

Combining learning with entertainment, we explored the world of wind energy together with the young viewers, in a way that fosters imagination and curiosity.

Open knowledge at the wind farm

As part of the episode, we traveled to the Martino Wind Farm, in Fthiotida, and guided our young guests around the park's premises, as well as the inside of a wind turbine generator. With the help of Principia's engineer, the children learned how the power of the wind is harnessed to generate electricity, but also how a wind turbine works and is maintained. The contact with technology and the natural environment created an ideal framework for a meaningful educational experience.

Then, the children found themselves in the Physics application laboratory, where they discovered the scientific principle of wind energy and, through a fun activity, built their own small wind turbine, combining the knowledge they gained during their visit to the park with an experiential game.

The new generations close to Renewable Energy

Our trip to the Martino Wind Farm is an approach to how education, technology and the environment can be combined. Through the guidance of experts, we demonstrated how the energy transition can become everyone's business, starting with the new generations.

In this context, we have been implementing the Energy On The Go educational program for 10 years, with the aim of familiarizing children with Renewable Energy Sources and cultivating green consciousness in students of all ages. We also organize visits to our projects throughout Greece, giving children and youth the  opportunity to get to know the applications of green energy up close and to be informed about its role in the energy transition. With our initiatives, we are strengthening the foundations of a more responsible, more sustainable future society.

You may view the full episode here.

We celebrate Global Wind Day for another year, enabling sustainable development through the power of the wind

Global Wind Day, celebrated every year on June 15, was established by the European Wind Energy Association (EWEA) and the Global Wind Energy Council (GWEC), and aims to inform and communicate to our fellow citizens the idea and technology of wind energy and wind turbines. 

With the power of the wind

We are among the leaders in wind energy production in the country, with a total installed capacity of 368.40 MW. In more than 10 regional units throughout Greece, we operate 25 wind parks, with a total of 275 wind turbines producing green energy for Greek households.

Our largest project, the Kafireas Wind Cluster, produces 505 GWh annually, covering the energy needs of over 58,000 households per year. Located in South Evia, the Cluster is comprised of 8 wind farms and a total of 73 wind turbine generators, and its operations leads to avoiding 294.2 metric tons of carbon emissions annually.

Closer to energy

Through visits, educational programs and activities, we give young and old the opportunity to get closer to wind energy. More specifically, we implement exploration activities for Scout groups at the "Panagia Soumela" and "Zoodochos Pigi" Wind Farms, as well as organized hikes for nature lovers on paths that pass through our plants. In addition, throughout the year, as part of the recognized "Energy on the Go" program, we organize educational visits for students, who are guided by wind turbines and learn how energy is produced by the wind. At the same time, we develop partnerships with bodies such as the Fire Service, implementing joint safety exercises, such as evacuations from wind turbines, and enhancing readiness and transparency in our operations.

As part of the operation of our wind farms, we implement initiatives aimed at developing and creating value for local communities. In Kafireas, we completed a landmark project for future generations: the reforestation of 660 acres in Kastanologgos, a primeval forest of wild chestnut, reborn after 150 years, thanks to our intervention. Continuing our actions for the protection of the biodiversity of the area, we have contributed to the registration of the local flower honey "Kissouri Honey" as a Protected Designation of Origin (PDO) by the European Commission.

Global Momentum: The Wind Is Getting Stronger

Total global installed capacity exceeded 1.1 TW in the first quarter of 2025, confirming that wind energy is no longer an alternative, but a key pillar of the energy mix. In Greece, according to recent data from  the Hellenic Wind Energy Association (HWEA) and the European Wind Energy Association, installed wind capacity in the country  exceeded 5.3 GW in early 2025, covering around 22% of net domestic electricity generation in 2024. In fact, total wind capacity is expected to exceed 6.5 GW within the next two years, seeking to achieve the targets of the National Energy and Climate Plan (NECP) for 2030.

Wind, along with other renewable energy sources, is a driving force for a more sustainable, more humane future, in harmony with the natural environment. At the heart of this transition, we are leveraging advanced technologies and innovative practices, with the aim of reducing the cost of producing clean energy and drastically reducing carbon dioxide emissions. In this way, we actively contribute to an energy model that respects the planet and future generations.

For the 10th year, we implemented the "Energy on the Go" educational program, which brings children and young people closer to green energy

With the Energy on the Go program, which started in 2014 and is implemented with the approval of the Ministry of Education, Religious Affairs and Sports, we have brought energy closer to the young generation, through experience, knowledge and open dialogue, for another year. Over 750 children and young people from Athens, Veria, Komotini and Limassol had the opportunity to participate in the program,  to get to know the world of green energy and the circular economy and to raise awareness of environmental issues.

During the 2024-2025 school year, our team of volunteer employees made visits to over 11 educational institutions across Greece, in order to implement the program. As part of the educational program, we visited school units, welcomed students to our Corporate Hub, guided groups of students to our projects throughout Greece and were "present" at career events for young people.  In the 10 years of the program, and with the participation  of 75 educational institutions and school units throughout Greece, we talked to more than 4,700 children and young people, with the aim of creating an experiential educational experience around Renewable Energy Sources, sustainability and energy transition.

Energy experiences for the new generation

As part of the program, we organized for another year at the "Panagia Soumela" wind farm, an educational visit to explore and learn for young Scouts from Veria and Limassol. We also welcomed schools from Komotini and Xanthi to our wind farms "Monastiri 2" and "Zoodochos Pigi", where students had the opportunity to discover the operation of a project up close and discuss with our engineers about energy production.

A special place in this year's program was the visit of the students of the Vocational  High School of Perama to our Corporate Hub. We welcomed them with a presentation on Renewable Energy Sources and the applications of electrical engineering in the professions of the sector. Then, we guided them to our innovative Control Room, presenting the operation and maintenance of the projects, as well as our daily activities.

From theory to practice

"Energy on the Go" is characterized by the active participation of children in every step of its implementation, but also by the acceptance of the educational community, which incorporates the innovative methods and practical learning of the program to enrich the environmental education of students. Furthermore, through the program, we strengthen our relationship with local communities, highlighting the link between Renewable Energy and the green transition that will create a more sustainable world for generations to come.

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's daily lives and especially on the future of young people. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this program being part of Goal 4: Quality Education.

After the five-year reforestation and supervision program in Kastanologgos in South Evia, we are giving new life to the forest

On the occasion of World Environment Day (5 June), we announce the completion of the reforestation project in the area of Kastanologgos, in South Evia, near the "Kafireas" Wind Farm Cluster.

This ambitious initiative, which was implemented under the guidance of the Forestry Department and the Local Authorities, is not only a milestone in the conservation and regeneration of the ancient wild chestnut forests of the region, but also a model example of forest regeneration, as such action has never been implemented before in the country.

A visionary project for South Evia

Kastanologgos stretches on the slopes of Mount Ochi and is living proof of the island's rich biodiversity and cultural heritage. With most of its trees reaching the age of 450, Kastanologgos is a "natural monument" for South Evia. However, decades of disease and exploitation have threatened the survival of this precious ecosystem.

In response to this urgent need, we launched a holistic reforestation effort in 2018, committing over €1.5 million to revitalize 660 acres of forest land. The project included several critical stages, such as the creation of forest roads and fire zones to improve accessibility and safety, as well as the installation  of 13,000 metres of fencing, in order to protect new trees from external factors.

During the project, we collected seeds, grew them in a special nursery in Athens and created 30,000 healthy new trees, which were transplanted to the areas under reforestation. To ensure their survival, we installed over 126,000 meters of water network and corresponding reservoirs, and we are committed to their maintenance in the coming years.

A unique initiative

Our initiative in Kastanologgos is distinguished for:

• Focus on a rare ecosystem: It concerns the restoration of an ancient wild chestnut forest, with trees up to 450 years old, which is part of the Natura 2000 network.
• Scientific approach: It is accompanied by scientific research and monitoring, in collaboration with the Forestry Department and other bodies, for the study of natural regeneration and the protection of biodiversity.
• Holistic management: It includes measures such as the installation of fences to protect against overgrazing, the collection and cultivation of local seeds, and the creation of irrigation infrastructure to support new seedlings.

This project is a model for the restoration of rare and sensitive ecosystems, as it combines environmental protection with scientific documentation and close cooperation with the local community and the competent authorities.

Today, thanks to the uninterrupted dedication of our company and our partners, Kastanologgos is experiencing an impressive revival: for the first time in 150 years, new chestnut trees take root and grow in this primeval forest, giving life and continuity to a unique natural monument of South Evia.

• After the five-year reforestation and supervision program in Kastanologgos in Southern Evia, the company breathes new life into the forest.
• Investment of more than 1.5 million euros, the company's largest reforestation project

Principia – whose shareholders are Enel and Macquarie Asset Management – symbolically announces,  on the occasion of World Environment Day (5 June), the completion of the reforestation project in the area of Kastanologgos, in Southern Evia, near the "Kafireas" Wind Farm Cluster. This ambitious initiative, which was implemented under the guidance of the Forestry Department and the Local Authorities, is not only a milestone in the conservation and regeneration of the ancient wild chestnut forests of the region, but also a model example of forest regeneration, as such action has never been implemented before in the country.

Watch the video here:

Kastanologgos stretches on the slopes of Mount Ochi and is living proof of the island's rich biodiversity and cultural heritage. With most of its trees reaching the age of 450, Kastanologgos is a "natural monument" for South Evia. However, decades of disease and exploitation have threatened the survival of this precious ecosystem.

In response to this urgent need, Principia launched a holistic reforestation effort in 2018, committing over €1.5 million to revitalize 660 acres of forest land. The project included several critical stages, such as the creation of forest roads and fire zones to improve accessibility and safety, as well as the installation  of 13,000 metres of fencing, in order to protect new trees from external factors.

During the project, Principia collected seeds, grew them in a special nursery in Athens and created 30,000 healthy new seedlings, which were transplanted to the areas under reforestation. To ensure their survival, over 126,000 meters of water network and corresponding reservoirs were installed, while the company is committed to their maintenance in the coming years.

What makes Principia's initiative unique

The initiative of Principia in Kastanologgos is distinguished for:

• Focus on a rare ecosystem: It concerns the restoration of an ancient wild chestnut forest, with trees up to 450 years old, which is part of the Natura 2000 network.
• Scientific approach: It is accompanied by scientific research and monitoring, in collaboration with the Forestry Department and other bodies, for the study of natural regeneration and the protection of biodiversity.
• Holistic management: It includes measures such as the installation of fences to protect against overgrazing, the collection and cultivation of local seeds, and the creation of irrigation infrastructure to support new seedlings.

Principia's work is a model for the restoration of rare and sensitive ecosystems, as it combines environmental protection with scientific documentation and close cooperation with the local community and the competent authorities. Today, thanks to the uninterrupted dedication of the company and its partners, Kastanologgos is experiencing an impressive revival – as for the first time in 150 years, new chestnut trees take root and grow in this primeval forest, giving life and continuity to a unique natural monument of South Evia.

Through our participation in the Career Days of major universities and the strategic connection with the academic community, we attract the new generation to the energy industry

For another year, we participated in the Career Days organized  by Alba Business School, the International MBA of the Athens University of Economics and Business and the National Technical University of Athens  for their students and graduates. This is an important opportunity to meet talented young people who are looking for their first professional step or a new start in their career.

The university community as a strategic partner

We believe that people are the most important success factor, with the younger generation taking an influential role in achieving the climate goals already set. For this reason, our contact with the academic community continues to be stable, constituting a central axis of our strategy.

With personal discussions, presentations of our activities and exchange of view, we enhance the dialogue with the professionals of tomorrow and we are able to have an overview of their needs, ambitions and values. Through our presence in events connecting students with the labor market, we build relationships of trust, strengthen our employer brand and consolidate our position as an employer of choice at the heart of the academic community.

Energy careers: an emerging challenge

The energy sector is undergoing a major transformation. The green transition, digitalisation and new technologies highlight the need for a skilled and innovation-oriented workforce. In this context, attracting new talent becomes even more important. Energy is not just a technical field but extends to a multi-layered strategy encompassing sustainability and social impact; young professionals are called upon to make a meaningful contribution, taking roles with responsibility and dynamics.

For us, investing in talent doesn't stop at a meeting. We offer targeted internship programs, mentoring, continuing education and access to projects with a real footprint. Our goal is to create opportunities for development and leadership for those who want to build a meaningful and long-term career in the energy sector.

Our company's new solar cluster in Kozani with an installed capacity of 95MW drives forward the energy transition

The "Perasma" Solar Cluster in Kozani is another milestone project for the lignite phase-out of Greece, enhancing the country's energy transition to clean energy forms. The project is located near the villages of Mavrodendri and Sideras, at an altitude of up to 750 meters, and consists of 7 solar parks with a total installed capacity of 95MW.

A passage to tomorrow

The inauguration ceremony took place on Thursday, May 22, in the presence of representatives of the Local Government and civil society, journalists, employees and associates of the company.

During the event, Principia's CEO, Aristotelis Chantavas, stated: "Today is an important milestone for us and for Western Macedonia. "Perasma" substantially strengthens the national effort for a just energy transition, and I am proud that Principia is at the forefront of this change. We believe that lignite phase-out is not just an obligation, but an opportunity for a socially just and environmentally responsible future. " Perasma " is exactly that: a passage from lignite to sustainable energy. We thank those who worked to make it happen and we are committed to continuing with the same responsibility and dedication."

A sustainable project

The "Perasma" Solar Cluster generates approximately 126.8 GWh of electricity annually, capable of meeting the needs of 36,000 households. This will help avoid 72,500 tons of carbon dioxide emissions every year, enhancing the environmental sustainability of the area. The total installed solar panels in the cluster exceeded 170,000 units.

For the connection of the parks, we constructed a modern Ultra-High Voltage Substation, of GIS type (400 kV), for which more than 130 kilometers of medium voltage cable were used.

The construction of the cluster followed the "Sustainable Construction Site" model, applying best practices to minimize environmental impact. Indicatively, the energy consumed at the construction site came exclusively from solar panels, while measures were taken to safeguard the livestock farming activities of the area, creating passages to facilitate the grazing of animals in the wider area of the project.

Side by side with the local community

We carried out a number of substantial, symbolic social initiatives. Indicatively, the following are some of the more than 35 actions that we implemented in collaboration with the Presidents of the Communities of Mavrodendri and Sidera:

• We implemented a circular economy program, utilizing over 500 packaging pallets and 6 large impellers from the construction of the Cluster. In collaboration with the Department of Applied and Fine Arts of the University of Western Macedonia and the Cluster of Bioeconomy and Environment of Western Macedonia we used the material to create handmade gifts and toys, as well as a wooden playground that enhances the educational work of  the Center for Recovery - Rehabilitation, Day Care for People with Disabilities "Kivotos", in Argilos, Kozani
• We organized a program to identify and address the energy needs of Mavrodendri, creating the first one-stop shop in Greece for the awareness of citizens, as well as the provision of personalized advice.
• We completed the renovation of the old school building in Sideras, which dates back to 1930, highlighting its historical value and enhancing its importance as a center of all the community's cultural activities
• We have supported and continue to support the cultural events in Mavrodendri.
• We provided financial support for school trips.

The road to the green transition

We continue to invest in renewable energy projects in Greece, with the aim of enhancing the country's sustainable development and energy independence. The "Perasma" Solar Cluster is a typical example of this strategy, combining technological innovation with social responsibility and cooperation with local communities.

• On Thursday, May 22, Principia inaugurated the "Perasma" photovoltaic park array, with an installed capacity of 95 MW, in Kozani
• The inauguration took place in the presence of representatives of the Local Government

Principia  – whose shareholders are Enel and Macquarie Asset Management – continues to work on Greece's energy transition. The "Perasma" solar plant, which was inaugurated in Kozani, is another project of strategic importance for lignite phase-out.

Watch the relevant video:

A passage to tomorrow

The inauguration ceremony took place on Thursday 22 May in the presence of representatives of the Local Government and civil society, local actors, journalists, employees and partners of Principia.

During the event, the CEO of Principia, Aristotelis Chantavas, stated: "Today is an important milestone for us and for Western Macedonia. "Perasma" substantially strengthens the national effort for a just energy transition, and I am proud that Principia is at the forefront of this change. We believe that lignite phase-out is not just an obligation, but an opportunity for a socially just and environmentally responsible future. " Perasma " is exactly that: a passage from lignite to sustainable energy. We thank those who worked to make it happen and we are committed to continuing with the same responsibility and dedication."

Landmark project for Western Macedonia

With seven solar parks and a total capacity of 95MW, Principia's “Perasma” cluster  – which is located near the Communities of Mavrodendri and Sidera – produces 126.8 GWh of green energy annually, sufficient to meet the needs of 36,000 households, while preventing the release of 72,500 tons of CO₂ per year. The project includes 170,000 double-sided solar panels and modern management systems, ensuring high efficiency with a low environmental footprint.

Additionally, 130 km of medium-voltage cable were used for the cluster's interconnection with the grid, and a state-of-the-art Ultra-High Voltage Center (400kV) of closed type was also built. In total, during the construction of the project, 200 jobs were created, with the majority of these jobs being filled by residents of the surrounding areas.

A project with a social footprint

Social interventions were carried out with substance and symbolism. Indicatively, some of the more than 35 actions implemented in collaboration with the Communities of Mavrodendri and Sidera are mentioned:

• A circular economy program was implemented, utilizing over 500 packaging pallets and large impellers from the construction of the parks. In collaboration with the Department of Visual and Applied Arts of the University of Western Macedonia and the Bioeconomy & Environment Cluster of Western Macedonia (CluBE), the material was used to create handmade gifts and toys, as well as a wooden playground that looks like a ship, to enhance its educational work of the Center for Recovery - Rehabilitation, Day Care, Day Care for People with Disabilities "Kivotos", in Argilos, Kozani.
• A program was organized to identify and address the energy needs of the Community of Mavrodendri, creating the first one-stop shop in Greece for the better information and awareness of citizens, as well as the provision of personalized advice.
• The  renovation of the old school building in the Community of Sidera, which dates back to 1930, has been completed, highlighting its historical value and enhancing its importance as a center of all cultural activities of the community.
• Cultural events in the Community of Mavrodendri have been and continue to be supported.

Looking to the future, Principia develops and implements projects that not only promote sustainable development but also catalyze the regeneration of local communities, giving life to a new, greener energy map for Greece.

We won two more awards at the PR Awards 2025 for the launch of our new corporate identity, with the active participation of our employees

At the PR Awards 2025, we won two new important awards for our corporate rebranding, which had received two more awards in the past. Overall, the creation of our new corporate identity and the participation of our employees in all its stages, received:

• Silver award in the category "Internal Communications & Customer Relations" of the PR Awards
• Bronze Award in the "Launch Event" category of the PR Awards
• Silver award in the category "Best Brand Building Event" of the Event Awards
• Silver award in the category "Best Employee Engagement Initiative" of the HR Awards

A holistic employee engagement experience

Our new corporate identity was the starting point for a participatory and inspiring journey. The creation of the new corporate identity marked not just a revamp of the image, but a radical change that required a careful approach to internal communication, in order to maximize employee engagement on the company's new page.

From its first steps, the rebranding was designed with the active participation of employees as its main axis: a Rebranding Committee was formed, qualitative surveys were conducted, and employees took part in actions that contributed to the formation of the company's new era. The culmination of the initiative came through a team building event that followed the official presentation of the new identity.  New branded materials were distributed, while in collaboration with Fabric Republic,  the old ones were upcycled, which were turned into utility objects and donated to "Chatzipaterio".

The series of these actions strengthened the sense of participation, as well as the trust and cooperation between teams. The distinction at the PR Awards seals this deep inner transformation.

A landmark Launch Event for the new era

 Our launch event, through which our new name and corporate identity were presented, was a unique experience for all attendees. The event adopted a creative approach based on the atmosphere of waiting, surprise and storytelling.

At the same time, through targeted activations for our employees, media representatives, our partners and the general public, we transmitted the message of innovation that characterizes the new chapter in our history. The award in the "Launch Event" category confirms the effectiveness of this strategy, presenting our new era in a meaningful, authentic and unforgettable way.

Confirming our vision

These recognitions are not only a reward for creative and strategically planned actions, but also a recognition of a deep internal cohesion, which is cultivated through collaboration, participation and consistency. We continue to evolve with ethos, dedication and faith in our vision, for a more inclusive and sustainable world.

Our new offices in Athens reflect our vision for a modern, collaborative and people-friendly working environment, in line with international trends.

One year after the presentation of our new corporate identity, another landmark has marked our course: the move to our new headquarters in Maroussi. Our new offices were designed with the aim of creating an open and flexible environment that enhances daily collaboration between teams and cultivates creativity.

Architectural approach and sustainable development

Our new headquarters are located in Maroussi, at 18-20 Sorou Street, in a building which is fully renovated, energy-upgraded and certified according to the BREEAM Sustainable Building international standard. From the very beginning, our goal was to create a working environment that reflects our values: innovation, cooperation and respect for people and the environment.

The design was based on the most up-to-date global standards for health and well-being in the workplace, with a particular focus on natural light, air quality and biophilic architecture. The balance between high functionality and aesthetics was a basic principle at every stage of implementation. The décor focuses on soft, natural shades and organic materials, while smart lighting and air conditioning systems and ergonomic design are key elements of the project's philosophy.

Spaces that enhance inspiration and connection

In the spaces, every detail is designed with a focus on people. We have created a welcoming lounge area with a reading corner, offering a place to feel relaxed and renewed during the day. At the same time, the collaborative spaces promote the dynamic exchange of ideas and enhance team spirit, while the specially designed "quiet zones" allow for concentration and seamless work whenever required. The heart of our joint activities beats in the auditorium, a space with state-of-the-art audiovisual equipment, ideal for presentations, workshops and corporate events.

To maintain our connection with nature, we have incorporated green corners into the interiors, while the outdoor recreation area in our office garden offers moments of relaxation and informal meetings. Finally, in the play area, our employees can take a pleasant break through a game of ping-pong, hoop basketball or darts. Every element of our new environment is designed to enhance creativity, support well-being and provide a balanced and meaningful work experience.

A new beginning

On our first day in our new offices, we all gathered together to turn a new page. After a warm welcome, we toured our new premises, exchanged thoughts on the opportunities that open up in our daily work and shared our enthusiasm for our next step. We also captured our first moments with friends and colleagues in our new home, taking group and individual souvenir photos.

The architecture of our new space incorporates sustainable development practices, with the aim of reducing the environmental footprint. At a time when the emphasis on employee experience is shaping the future of work, we are taking a dynamic step forward by offering an environment that encourages creativity, flexibility and personal development.

This Easter, we proved once again that we continue our commitment to social solidarity

We implemented another initiative for this Easter season, demonstrating our solidarity and substantial contribution to vulnerable social groups.  We organized a charity bazaar in our offices to support the work of the "Chatzipaterio" Child Rehabilitation and Support Center (K.A.S.P.), The Center provides special education, speech therapy and physiotherapy programs to children with disabilities.

Supporting "Chatzipaterio"

Our employees enthusiastically participated in the Easter bazaar, joining the cause by purchasing candles made by the people and children of "Chatzipaterio", gifts for kids and adults, toys and holiday sweets.

Thus, we continued our steady support to the organization, after our volunteering activities, during which we visited the Center and made educational toys, as well as Christmas gifts and ornaments. Through our efforts, we contribute to the strengthening of the educational and therapeutic programs of the institution.

Long-term support to Foundations and Local Communities

Our support for "Chatzipaterio" is just one example of our strategic commitment to social contribution. Every year, we support more than 60 Organizations, NGOs and Foundations throughout Greece with donations and  volunteering activities.

With our initiatives, we reaffirm our commitment to actions that benefit society and local communities throughout the country on a daily basis. Our activities are fully aligned with the 17 UN Sustainable Development Goals.

Our first Sustainability Statement outlines our strategic approach to Environmental, Social and Corporate Governance issues, for a greener future

2024 was a milestone for Principia. We published our first Sustainability Statement, which is fully aligned with the European Sustainability Reporting Standards (ESRS), and highlights our strategic approach to Environmental, Social and Corporate Governance issues. We are proud to clearly and transparently demonstrate our commitment to progress, innovation and responsible development.

Watch the video:

Principia's CEO, Aristotelis Chantavas, said: "Sustainability for Principia is not a trend – it's a commitment. Our first Sustainability Statement clearly captures our ambition: to lead the energy transition with responsibility, innovation and a real impact on people's lives. We are here to create value – for society, the environment and future generations."

Here are our significant performances in Environmental, Social and Corporate Governance issues.

Environment

The heart of our activity is the production of clean energy, with 66 RES projects and a total capacity of 577 MW. In 2024, more than 1,133 GWh of electricity was produced, capable of meeting the needs of hundreds of thousands of households. At the same time, we completed the construction of the Perasma Solar Cluster with a total capacity of 95 MW in Western Macedonia and started the development of our first energy storage project (BESS), in Chalkidiki.

Our energy efficiency is constantly improving:

• Energy consumption: 7,182 MWh
• Energy intensity: 43
• GHG (location-based) emission intensity: 19
• Scope 1 emissions: 340 tCO₂eq
• Scope 2 emissions: 1,970 tCO₂eq

Our commitment to net-zero operation by 2040 is based on a targeted reduction of greenhouse gas emissions, as well as the integration of Scope 3 emissions. At the same time, we implement biodiversity protection actions in all our projects, while the construction and operation of our parks are harmonized with rigorous environmental studies. It is noteworthy that no pollutants were recorded in 2024 on land, water or air - a clear indication of our responsible and sustainable operation.

Society

Principia is its people. Our workforce consists  of 137 employees in Athens, Alexandroupolis, Patras, Evia and Kozani. We emphasize safety, diversity, equality and lifelong learning.

Health & Safety

In 2024 we achieved zero accidents,  exceeding 400,000 incident-free man-hours. Our distinction as a Health & Safety WINNER at the Health & Safety Awards 2024 confirms our commitment to a completely safe working environment.

Human Resources & Education

• Women: 48 (35%) - Men: 89 (65%)
• Age distribution: 9% <30, 87% 30–50, 4% >50
• Average hours of training: 32

Work-Life Balance

• 48% of employees have children
• 32% used parental leave

Social Contribution

Principia always works in collaboration with local communities. In 2024 we implemented 36 social initiatives supporting the work  of 21 organizations and NGOs. Indicative actions include:

• Energy on the Go: 757 students and young people trained in green energy in 2024
• Renovation of the historic Elementary School of Sidera
• Support of the National Fire Service by providing a series of free educational seminars on the subject: "Ways to deal with fire in Renewable Energy Sources parks".
• Tackling energy poverty in Mavrodendri, Kozani
• Circular economy project "Kivotos" in Kozani

 "Be The Hero", our company's multi-award-winning corporate volunteering program, is a living example of social contribution in practice. In 2024, 10 activities were carried out, with the participation of 80% of employees and more than 1,030 hours of volunteering.

Governance

The 2024 Sustainability Statement marks Principia's transition to a more mature and transparent operating model. We have established 8 Management Committees, which oversee sustainability issues, while the annual Sustainability Plan is approved by the management team.

ESG in practice

•  20% of the annual employee bonus is linked to ESG and safety indicators
• All employees attended employees attended workshops on the importance of the Sustainable Development Goals (SDGs)

Transparency & Compliance

• 0 Corruption incidents
• Implementation of Code of Conduct, Human Rights Policy and whistleblowing mechanism
• International Certifications:
  • ISO 9001 – Quality
  • ISO 14001 – Environment
  • ISO 45001 – Health & Safety
  • ISO 37001 – Anti-Corruption

Principia's 2024 Sustainability Statement is not just a record of numbers. It is proof that development can and must go hand in hand with responsibility, transparency and care for people and the environment. We envision a future in which energy, society and nature go together, with leadership that serves this purpose.

You may read the Sustainability Statement 2024 here

With our sponsorship, we supported the 12th Final Four of Youth Basketball 2024-2025, in Kozani

The best Youth Basketball teams of Western Macedonia competed in the two-day tournament of the Union of Basketball Clubs of Western Macedonia (EKASDYM) in co-organization with the Municipality of Kozani and the Region of Western Macedonia. We supported the event, which is a top sporting event for the region of Western Macedonia, promoting sports and fair play among young people.

Four teams, over 50 players and hundreds of people gathered at the Lefkovrysi Indoor Gymnasium for the tournament that decided the title of Junior Champion of EKASDYM. In the semi-finals, Dioskouroi Kozani faced APS Arion Ptolemaida, while AS Kastoria faced Iraklis Kozani. In the grand final, Iraklis Kozanis won the championship, defeating Dioskouroi Kozani.

Creating value for the local community

Alongside our operations throughout Greece, we support local communities with activities and initiatives that create value for all. Our sponsorship of the  Final Four in Kozani reflects both our practical support for the development of sport at the local level, but also our commitment to youth and the promotion of healthy role models.

Our presence in Western Macedonia is multidimensional, as with renewable energy projects with a total installed capacity of 144 MW, we contribute to the energy transition of the region towards a greener future. At the same time, we implement a series of programs and initiatives that support, among others, local entrepreneurship, agri-food innovation, tackling energy poverty and creating meaningful social impact through circular economy.

On the occasion of International Women's Day, we organized a Krav Maga seminar for our female employees

International Women's Day (8 March) is a reminder of the ongoing effort for gender equality and women's rights. This occasion highlights women's successes in society, work and science, while highlighting the challenges that remain, such as labor inequalities, discrimination and gender-based violence.

According to research from the University of Oregon, self-defense training can prevent attacks and reduce incidents of violence against women by 60%. That's why, on the occasion of International Women's Day, we organized a specialized Krav Maga seminar for our female employees, aiming to equip them with valuable self-defense and empowerment skills.

Empowerment through knowledge and practice

Krav Maga is one of the most practical and effective methods of self-defense, designed to be accessible to everyone, regardless of physical condition or martial arts experience. In the specially designed workshop, participants were trained by professional instructors of the International Krav Maga Federation [IKMF], who showed them basic self-defense techniques, how to recognize potential threats, and how to react calmly and effectively to various situations.

Practical training included demarcating space, effectively using physical weapons such as voice and simple defensive strikes, but also dealing with common attacks in an upright position and on the ground. In addition to learning techniques, the seminar also focused on the self-protection mindset, offering our female employees the opportunity to gain more confidence, feel more secure and enhance their physical and mental strength.

Commitment to equality and safety

International Women's Day is not just a day of celebration, but an opportunity to highlight the importance of empowering women in everyday life and in the workplace. Through our internal initiatives, we support the inclusion, equality and personal development of all our employees. After all, we are the first renewables company in Greece who signed the European Diversity Charter of the European Union, through which we are committed to promoting diversity and equal opportunities in the workplace.

At the same time, we organize a series of initiatives that express this commitment, such as special events to raise awareness on equality, as well as our volunteer program, which includes the support of people with disabilities, with the participation of our employees. The Krav Maga seminar It was a dynamic and meaningful experience, empowering our women to feel stronger and more prepared for any situation.

We implemented a series of awareness-raising initiatives, aimed at opening meaningful dialogue around organ donation and transplantation.

The program “Love Can Save Lives” was designed to inform, engage, and encourage reflection on a topic that directly concerns human life, solidarity, and collective responsibility. Through targeted actions and internal communication, we sought to move beyond statistics and address the emotional, ethical, and social dimensions of organ donation, fostering a culture of empathy, informed choice, and social awareness.

Voices That Made the Message Real

During Principia Summit 2025, our all-day corporate event, we created a dedicated section to focus on organ donation. The segment featured an honest and deeply moving discussion with Sandy Lenti, a heart transplant recipient, alongside an insightful presentation by the Hellenic Transplant Organization. Sandy shared her personal journey, offering a powerful, human perspective on what transplantation truly represents: life, resilience, and second chances.

Additionally, the Hellenic Transplant Organization provided clear, data-driven insights into how the transplant system operates in Greece, addressing common misconceptions and highlighting the importance of informed consent. Together, these contributions transformed awareness into understanding, creating a moment of reflection that resonated strongly with participants.

The Importance of Transplantation in Greece

Organ transplantation remains a critical yet under-addressed issue in Greece. Despite the country’s strong medical expertise and specialized transplant centers, donation rates remain among the lowest in Europe.

Each year, hundreds of patients remain on waiting lists for life-saving transplants, while many do not receive organs in time. The gap between available donors and patients in need underscores the importance of sustained public awareness. Increasing knowledge and open discussion around organ donation is widely recognized as one of the most effective ways to improve donation rates and ultimately save lives.

Measurable Impact and Lasting Commitment

The impact of the Love Can Save Lives campaign was reflected in measurable results. According to a survey conducted following the completion of the initiative, the percentage of participants willing to consider becoming organ donors increased by 10%. This outcome confirms the power of informed dialogue and personal storytelling in shaping attitudes. Through this initiative, we strengthened our commitment to social responsibility and to supporting actions that protect human life and create lasting positive change.

We held an all-day event for all our employees to discuss our goals for the future

With the message "Empowering Ideas, Driving Change", we organized an all-day event, where we shared valuable knowledge, views and plans for a tomorrow full of growth and innovation, with the presence of our employees from all over Greece.

The event aimed to present strategies and perspectives for the new year, to strengthen team spirit, but also to raise public awareness on the very important issue of organ donation.

Inspiration and innovation

The agenda included speeches by the CEO, Aristotelis Chantavas, as well as our executives, on the breakthroughs we have already made in the last year, having begun a new era for our company. We also shared analyses of successful practices through case studies, as well as presentations of strategies to achieve our business goals. The exchange of knowledge and experience has contributed to the development of a dynamic and innovative framework, where ideas can create the basis for further development and lead to positive change.

During the presentations, we highlighted, among other things, innovative initiatives we are implementing for the operation and maintenance of our parks, the journey of the construction of the new solar park  cluster "Perasma", which is now in operation, our development plan for the coming years, as well as our practices for safety and sustainability. We also connected remotely with our Kouloukonas Wind Farm, to get a live look at how one of our plants operates.

A special moment of the Principia Summit was the awarding of employees who were recognized for their contribution in their daily work, but also towards their colleagues. We also announced the grand winner of our internal photo contest on the theme "Energy and Nature", as voted by all of us.

Awareness raising and information

Having implemented awareness-raising actions on organ donation and transplantation in recent months, we dedicated a section of the event to this vital topic. Through an honest and moving discussion with Santy Lenti, who is a heart transplant recipient, but also with an insightful presentation by the Hellenic Transplant Organization, we learned more about the importance of donation and its impact on the lives of thousands of people. With this initiative, we have strengthened our commitment to social responsibility and support for issues affecting human life.

The event was enriched with the presence of the internationally renowned speaker David Meade, who created an interactive experience, full of positive energy, which was warmly welcomed by the audience. Together with David, and through experiential and fun approaches, we explored topics such as teamwork, strategy, initiative and the development of creative thinking.

Our commitment to a sustainable future

The success of the event demonstrates the importance of collaboration, knowledge sharing and commitment to innovation. With the decisive contribution of all our people, we continue to work to create a more sustainable and pioneering future.

We organized first aid seminars for all our employees, offering knowledge that can save lives.

According to the European Resuscitation Council, every year 350,000 people go into cardiac arrest out-of-hospital in Europe, but only 10% survive. Immediate reaction from bystanders can change this outcome: in case of cardiac arrest, early implementation of cardiopulmonary resuscitation (CPR) It can double or even triple the chances of survival, especially if it starts within the first 3 to 5 minutes.

Knowledge of first aid can be crucial in emergencies, as a sudden medical incident can happen anywhere, even in the workplace. That's why we organized first aid seminars for all our employees, enabling them to acquire critical skills that can save lives. 

Training in methods of resuscitation

During the seminars, participants were trained in basic first aid techniques, such as checking vital signs and applying cardiopulmonary resuscitation, which keeps a person alive until specialized medical help arrives. In addition, they practiced the correct use of the automatic external defibrillator (AED), a tool that can restore heart function in the event of cardiac arrest, and increases the chances of survival by 90% if used within the first minute. Finally, training was conducted in the management of choking incidents, using methods such as the Heimlich maneuver.

The seminars were conducted by specialized professionals in the field of first aid of the Elite Special Missions Team, who offered not only theoretical knowledge and guidance, but also practice. Our employees had the opportunity to apply the techniques they learned in simulations of real situations with the use of plastic busts, which enhanced their confidence and their ability to react calmly and effectively in a time of need, whether in their personal or professional lives.

We cultivate a culture of safety

With this initiative, we managed to enhance safety in our workplace and cultivate a climate of cooperation and responsibility. Knowledge of first aid is not only a useful skill, but an act of care towards our colleagues and the people around us. When prepared, we can respond quickly and effectively, saving valuable time – and potentially a life. 

First aid training is a worthwhile investment. At Principia, we are committed to continuing to promote prevention and safety, because we believe that a safe working environment is fundamental to everyone's well-being. This commitment is demonstrated by our awards as a leading Renewable Energy Company in Health and Safety issues,  but also our cooperation with the Hellenic Fire Brigade for a series of training seminars.

The launch event in which we presented our new corporate identity was honored with the Silver distinction at the Event Awards 2025

We received the Silver Award in the category "Best Brand Building Event" of  the Event Awards 2025, the institution that honors the most innovative and creative events of the past year. The special Launch Event, which we organized in April 2024 and in which we presented our new identity to the main partners and institutional representatives of the country, was recognized for its originality and creative approach.

In collaboration with Ogilvy and production company Theasis, we created a narrative that culminated in the unveiling of the new name.

A special occasion

The emblematic launch event for the presentation of our new name and corporate identity took place in April 2024, aiming to highlight the transition to a new chapter in the company's history. The strategy and concept of the event aimed to create an atmosphere of anticipation, which is why the venue – before and during the official presentation – did not have any element of the new identity.  to enhance the element of surprise for the guests during the subsequent reveal.

On the stage of the event, know-how and art "met", through an experience that combined different media, but also the feeling of anticipation for the new era. The creative elements used, such as classical singing and modern dance, framed the new business start and expressed the foundations of our vision and the future of the company. The gradual reveal, combined with the artistic approach, created an unforgettable event that impressed the attendees.

A dynamic new era

At the same time, in order to dynamically introduce our employees to the "next day", we organized an internal team-building event. Our employees from all over Greece, through interactive games and creative videos, welcomed and celebrated together the new beginning.

The new era of the company was also marked by the complete renewal of the company's headquarters and projects with elements of the new brand, but also by actions such as the upcycling of old branded materials (such as safety vests, bags and work clothes) in collaboration with Fabric Republic.

Looking to the future

The award in the category "Best Brand Building Event", which recognizes events that contribute to the strengthening and promotion of corporate identity, confirms our successful strategy in building our brand, with a multifaceted and creative approach.

We continue to advance our vision for a sustainable future by investing in innovative solutions and strengthening our position in the energy industry. This distinction is another step in this direction, highlighting our commitment to innovation.

As part of Energy On The Go, we welcomed students from the Vocational High School of Perama to our Corporate Hub

Continuing for the 10th year our educational program Energy On The Go, we have the opportunity to introduce children of all ages to the world of renewable energy. This time, we welcomed students from the First Grade of the Vocational High School of Perama, to our Corporate Hub.

Meeting the generation of the future

The visit began with a presentation on renewables and the applications of electrical engineering in the energy professions. The students of the High School had the opportunity to learn more about renewable sources and the energy sector, through an open dialogue with engineers of our company.

Afterwards, we gave the students a tour of the Control Room explaining how our projects operate throughout Greece and the daily activities that ensure the uninterrupted production of energy and the proper maintenance of the parks. Finally, we discussed with them the employment opportunities in the sector, exchanging views, solving questions and encouraging them to become tomorrow's energy professionals.

Education for the future

The main purpose of the program is to raise awareness on issues such as sustainable development and renewable energy sources. The subject matter covers sustainability, circular economy, energy efficiency and the differences between renewables and conventional energy sources.

The Energy on the Go educational program gives us the opportunity to meet the generation of the future and introduce its members to the world of renewable energy. By combining practical learning and knowledge with innovative methods, we directly show students the application of renewable energy sources in everyday life, cultivate their understanding of sustainability and prove its importance for the environment. for a greener future for the new generations.

We present the Annual Review for 2024, a year that marked a new beginning and a new corporate identity for our company

2024 was a landmark year for our company, as we launched our new corporate identity, while we also relocated to our new corporate hub, in Maroussi.  At the same time, with an installed capacity that now reaches 577 MW, through 67 renewable energy projects, we contribute decisively to the country's decarbonization and the green transition.

Landmark project for the energy transition

In the past year, Principia's new project, the "Perasma" solar cluster, was electrified and began operation. The cluster consists of 8 projects in Western Macedonia, near the village of Mavrodendri in the Municipality of Kozani, with the plants adding a total of 95 MW to the installed capacity of our company. Our total capacity exceeded 577 MW, producing electricity of 1,140 GWh, and providing green electricity to around 320,000 households.

We completed another year with zero accidents, continuing our excellent results in the field of Health and Safety, for which we received a gold honorary distinction at the Health & Safety Awards 2024. At the same time, as part of our business activity, we continued the training of our employees with a total of 7,448 hours of training, while we organized 6 workshops on different topics, exploring the relationship between wellbeing and work-life balance, but also learning more about the UN Sustainable Development Goals.

Social footprint with substantial contribution

For yet another year, our contribution to the local communities of the areas where we operate, throughout Greece, has been a central pillar of our action. Through a total of 36 initiatives, we supported 21 Institutions & Bodies, strengthened our continuous interaction with local communities and proved in practice our commitment to sustainable development.

In 2024, through the corporate volunteering program "Be The Hero", we carried out 10 volunteer actions, of environmental and social impact, such as the "Community Week" organized for International Volunteer Day in December. In total, our employees contributed 10,030 volunteer hours, while they also participated in the "Energy On The Go" program, training 757 children and young people in green energy. Finally, we recycled 12.5 tons of paper, electrical equipment and industrial waste, in order to contribute to the effort for a sustainable tomorrow and a greener planet.

Our social actions, our initiatives for our employees and our commitment to a safe working environment were recognized with honorary distinctions for their innovation and impact: in 2024, we received 6 Awards for our activities.

Looking to the future

We continue to work systematically for the development of green energy in Greece, expanding our activities to new technologies and offering high quality innovative solutions that meet modern needs. At the same time, we remain committed to actively supporting local communities through initiatives that enhance growth, employment and improve quality of life. Driven by innovation, sustainability and social responsibility, we continue to evolve, helping to create a better and more sustainable future for all.

We organized special meetings for our employees to present and deepen their understanding of the UN Sustainable Development Goals

The Agenda for Sustainable Development was adopted at the 70th United Nations General Assembly in 2015, with the 17 Goals being a commitment to action and implementation by 2030 for all UN member states. In 2017, surveys showed that only 38% of the world's population was aware of the Sustainable Development Goals, a number that rose to 50% in 2023. While the data show progress in raising awareness among our fellow human beings, they also reveal that there are still many steps to be taken.

At Principia, we align each of our activities with the Sustainable Development Goals, within the framework of the Creating Shared Value model. To get to know  the Sustainable Development Goals better, we organized a series of meetings with our employees, the SDG Induction Sessions. Through information, discussion and glimpses into global news, we focused on some of the most important SDGs in order to understand how They can create a better, more sustainable tomorrow for all.

Analyzing the Goals

The core of the SDG Induction Sessions was the analytical presentation and deeper understanding of the selected objectives, with emphasis on the challenges, solutions and possibilities of action for each of them. At each meeting, a separate group of employees undertook to summarize and present SDGs 1, 4, 7, 10 and 13 to all their colleagues, initiating a constructive dialogue about the future of our world.

In the first SDG Induction Session, we analyzed Goal 7 – Clean and Affordable Energy, which highlights how critical access to affordable, reliable and clean energy is for sustainability. We looked at fossil fuel dependency and the impacts of climate change, as well as the potential of renewable energy to accelerate the green transition. Also, we discussed the small changes we can all make in our daily lives, for saving energy, adopting green appliances and participating in recycling programs.

Our next meeting focused on Goal 4 - Quality Education and Goal 10 - Reduce Inequalities. As education is the main driver of development and social progress, we examined the challenges in accessing education, such as poverty, discrimination and lack of resources, and analyzed our initiatives, such as supporting schools in remote communities, as well as implementing the Energy On The Go educational program for students of all ages in Greece.

The Session also focused on Goal 4 – Reduce Inequalities , the importance of equal access to opportunities, through the analysis of economic and social inequalities, presentation of data on wage differences, insufficient representation of vulnerable groups and social discrimination.  Finally, the company's policies that enhance diversity were discussed, such as equal hiring opportunities, mentoring programs for disadvantaged teams and support for women in leadership positions. 

In the last session for 2024, we focused on Goal 1 - No Poverty, by presenting data on global and local poverty, its causes and impacts, as well as the company's initiatives with actions such as collaborating with social actors to support vulnerable groups and donating products or services to local communities. In these actions,  A key role is played by the contribution of employees, through voluntary participation in offer programs or the general awareness of our social environment.

Finally, we looked at Goal 13 – Climate Action, as climate change is one of the biggest threats of our time. The scientific data on rising temperatures, sea level rise and extreme weather events highlight the need to reduce our carbon footprint, use sustainable materials, and participate in ecological initiatives.  such as tree planting, recycling and saving natural resources at work and home.

From theory to practical engagement

The SDG Induction Sessions series provided employees with the knowledge and tools they need to understand their role in sustainability. Through discussion and action, these goals are transformed from theoretical concepts into practical commitments, enhancing the company's impact on society and the environment.

Our goal is to contribute to the daily needs of the local communities we operate but also to respond with sustainable solutions to problems that arise. It is worth mentioning typical examples of actions of social interest that we recently implemented: the organization of Community Week, a week of contribution to various social groups, he completion with the participation of more than 700 young people of the educational program "Energy On The Go" approved by the Ministry of Education (SDG 4), the construction of a wooden playground for children with disabilities in Kozani (SDG 4,10,11), the reuse of old merchandising materials in the context of our rebranding in collaboration with Fabric Republic (SDGs 1, 13), our cooperation with the Fire (SDG 15, 17) and the voluntary cleaning of areas of Attica (SDG 15, 17).

We celebrated Principia's first Christmas with a series of actions, focusing on solidarity and social contribution

For another holiday season, we organized a series of Christmas activities, both for our employees and to support those in need. In this context, we organized in collaboration with Make-A-Wish Greece, a charity volunteering bazaar, the proceeds of which will support the fulfillment of wishes for children with serious illnesses.

We also gave those who wish to do so the opportunity to offer, through the Givelink platform, their Christmas gift for a social cause, and we doubled their donation to support families and children facing difficulties.

We supported children's dreams

Based on our commitment to solidarity and social contribution, we organized a Christmas Bazaar at our offices, in collaboration with Make-A-Wish Greece. Our employees had the opportunity to purchase gifts, ornaments, decorative items and delicacies, with the proceeds going to support the organization's programs.

Make-A-Wish is an international non-profit organization whose mission is to fulfill the wishes of children suffering from serious or life-threatening illnesses. The goal is to offer hope, strength and joy to children and their families, creating unique experiences that can change their lives. Make-A-Wish Greece was founded in 1996 and has already fulfilled 3.000 children's wishes in our country.

Special gifts for everyone

This holiday season, we invited all our employees to choose their own, special gift. Among the options were festive packages with drinks and delicacies, wellbeing & meditation sessions, as well as the surprise option, with "Santa Claus" handing out a personalized gift to everyone. Instead of receiving a gift, employees were also able to choose that the corresponding amount be redirected to charity.

The company doubled the amount of money raised, and then proceeded to donate it through the platform Givelink, to purchase basic necessities for families and children in need of support. This decision reflects our commitment to social contribution, creating positive change in as many ways as we can.

Practical solidarity

The year that closes is marked by our practical contribution to social causes, as through 36 initiatives, we have supported 21 Institutions and Organizations in local communities throughout Greece. Also, in 2024, through the corporate volunteering program "Be The Hero", we implemented 10 actions nationwide, gathering a total of 1,030 hours of offer. Recently, on the occasion of World Volunteer Day (5/12),  We organized Community Week, and through six voluntary solidarity actions we stood by organizations that do important work and gave joy, care and love together.

• As part of the Volunteer Day, Principia organized a week of social contribution and solidarity
• 6 actions were implemented, exceeding 350 hours of volunteer work in total

Principia, on the occasion of World Volunteer Day (5/12) and as part of the corporate volunteering program "Be The Hero", organized Community Week, with the participation of its employees. The aim of the initiative was to support, through volunteering, as many social groups as possible, throughout the country.

Watch the video:

Actions throughout Greece

From the 2nd to the 7th of December, Principia organized  a series of voluntary actions in collaboration with institutions and organizations throughout Greece. Principia employees enthusiastically embraced the Week of Social Contribution, with over 80% participation in the various actions.

Specifically:

• Chatzipaterio Rehabilitation Center for Children with Disabilities: Construction of Christmas ornaments and gifts, for the organization's bazaar
• Wise Greece: Creation of Christmas Cookie Boxes that will be offered during the holidays to 50 families, benefiting from the Social Grocery of the Municipality of Chalandri
• Athens Nursing Home: Painting of walls and renovation of infrastructure in the accommodation area of the elderly and in the nursing home of the Nursing Home
• "Theotokos" Foundation: Manufacturing of items in the Foundation's carpentry, sewing and weaving workshops, sorting of recyclable materials, and Christmas decorations
• Boroume: Collection of unsold products at the farmer's market of Ampelokipi, and delivery to beneficiaries of the Municipality of Athens, while contributing to the fight against food waste
• SOS Children's Village of Thrace, in Alexandroupolis: Dismantling of old structures in the exterior of the structure, so that new, more modern ones can be placed in their place.

Through these six voluntary social contribution actions, Principia stood by our fellow human beings who are being tested, as well as organizations that carry out important work. In total, more than 350 hours of volunteer work were completed.

Impact on society and the environment

For the third consecutive year,  Principia's "Be the Hero" corporate volunteering program highlights its employees as protagonists of social contribution. The strategic goal of the program is to create a positive impact on local communities and the environment, while inspiring a sense of social responsibility in the company's human resources. The success of "Be The Hero" is confirmed by the numerous distinctions it has received,  with the most recent winning the Gold Award in the category "Internal Communications & Employee Engagement" at the PR Awards 2024.

The initiatives began in September 2022, urging employees to become the daily "heroes" that our fellow human beings need, through simple daily acts of volunteering. "Be the Hero" is another part of Principia's commitment  to corporate responsibility and sustainable development with over 60 cultural, social and sports initiatives annually, in local communities across Greece.

In the context of International Volunteer Day, we organized a week of social contribution and solidarity

According to the Harvard Business Review, volunteering has a stronger impact on participants when they feel that the time they spend and the effort they put into actively contributing to tackling a problem. On the occasion of International Volunteer Day for Economic and Social Development (5/12), wanting to support as many social groups as possible, we organized a Community Week, as part of the corporate volunteering program "Be The Hero".

Solidarity actions throughout Greece

From 2 to 7 December, we organized a series of volunteering initiatives in collaboration with institutions and organizations throughout Greece. Our employees enthusiastically embraced this Community Week, with over 80% participation in the various actions we implemented in collaboration with institutions and organizations throughout Greece.

More specifically:

• We created Christmas decorations and gifts, which were donated to the Christmas bazaar of the organization in order to support therapeutic programs, at the Chatzipaterio Rehabilitation Center for Children with Disabilities
• We prepared Christmas Cookie Boxes, which were offered through Wise Greece to 50 families, beneficiaries of the Social Grocery of the Municipality of Chalandri, for the holidays
• We painted more than 150 square meters of walls in the living area of the elderly at the Athens Nursing Home, improving the organization's infrastructure, while participating in a celebration with music and dance
• We completed the sorting and grouping of recyclable materials and created carpentry, sewing and weaving works in the workshops of the  "Theotokos" Foundation. At the same time, we decorated common areas of the foundation for Christmas
• We gathered at the public market of Ampelokipi, where, in collaboration with Boroume, we collected 610 kgs of unsold products, equivalent to 1,830 portions of food. We forwarded the products to the City of Athens Reception and Solidarity Center, while contributing to the fight against food waste, in collaboration with Boroume
• We dismantled old constructions outside the structure of the SOS Children's Village of Thrace, in Alexandroupolis, so that new, more modern ones could be placed in their place.

Through these six voluntary actions of social contribution and solidarity, we stood by our fellow human beings in need, but also in organizations that perform important work. With a positive mood, we completed more than 350 hours of volunteer work and gave joy, care and love together, aiming to make our world a little better.

Impact on society and the environment

The corporate volunteering program "Be the Hero", which we are implementing for the third consecutive year, places employees at the center, putting into practice the fundamental principle of social return. The strategic goal of the program is to create a positive impact on local communities and the environment, while inspiring a sense of social responsibility in the company's human resources. The success of "Be The Hero" is confirmed by the numerous distinctions it has received, most recently winning the Gold Award in the category "Internal Communications & Employee Engagement" at the PR Awards 2024.

We launched our initiatives in September 2022, urging our employees to become the everyday "heroes" that our fellow human beings need. Through simple daily acts of volunteering, we discover the value that social contribution and solidarity offer to ourselves. "Be the Hero" is another part of our commitment to corporate responsibility and sustainable development with over 60 cultural, social and sports initiatives annually, in local communities throughout Greece.

We welcomed our employees to our new "home", which was created with the aim of strengthening teamwork, collaboration and ergonomics.

Opening the next chapter in our company's history, we have completed our relocation to a new building. The design of our new home was determined by the elements that characterize the modern working environment: open communication, good cooperation and team spirit are the key to achieving our goals, while providing a modern everyday life to our employees.

A new chapter

Following our corporate rebranding in April 2024, another important event followed: the move to our new headquarters. On our first day in our new offices, we were at the venue so that all together we could turn a new page. After gathering for the first welcome, we toured the facilities and discussed the possibilities they open up for our daily work. We also captured our first moments with friends and colleagues, in our new home, taking group and individual commemorative photos.

The company's new offices are located in Maroussi, at 18-20 Sorou Street, in a fully renovated, energy-upgraded building that has obtained the BREEAM environmental certification. The working environment has been designed following the latest global standards, which focus on mental health and well-being, in the design, construction and operation of buildings. At the same time, the design includes spaces and elements that support creativity and relaxation: lounge area with reading corner, entertainment area with games, collaborative spaces, "quiet zones", a spacious auditorium with state-of-the-art technological equipment, green corners indoors and an outdoor recreation area in the office garden.

Corporate culture with emphasis on collaboration

For us, it is a key priority to strengthen an open working environment where teamwork and trust come first. Employee groups participated in the creation of our new corporate identity, while after our rebranding, we organized a team building event, where we came into contact with the company's new Vision, Mission and Values.

Our commitment to our employees for inclusivity and inclusion is expressed through our various employee engagement initiatives, which have received numerous distinctions. We continue with even more actions, investing in the dynamic participation of our employees in strengthening our corporate culture, and creating a people-centered work environment.

The active involvement of employees in Principia's rebranding, which strengthened corporate culture and team feeling, won an honorary distinction at the HR Awards

We were distinguished with the Silver Award in the "Best Employee Engagement Initiative" category of the HR Awards 2024, for our holistic internal communication initiative during our rebranding, investing in the dynamic participation of employees at all stages of change.

Holistic approach for our new era

Principia's new corporate identity marked a new chapter in our history and was an opportunity for an exciting journey of change. In the preparatory phase, we created a Rebranding Committee, which participated in qualitative research and the development of the new visual identity. At the same time, we created an internal communication campaign that enhanced the feeling of anticipation for the new era and culminated in everyone's presence at the Launch Event, with invited partners, institutional and production partners of the company.

One day after the official launch of the new name, we all met together for a team building event, where we got to know the company's new Vision, Mission and Values. At the same time, we were informed about the new brand guideline through specially designed experiential activities and strengthened the feeling of cooperation through team missions. We also distributed new branded merchandising to everyone and invited employees to return the material they had with the old corporate identity.

In partnership with Fabric Republic, old products were turned into brand new accessories, such as scrunchies, bags, pencil holders, key chains, and wallets. This upcycling initiative gave a second life to materials that would end up in the trash, reducing the company's environmental footprint. At the same time, the donation of the new items to "Hadjipaterio" (which he donated to his annual Easter bazaar) was an act of social contribution, linking the rebranding with Principia's corporate social responsibility.

Lasting initiatives

Our distinction at the HR Awards confirms the positive impact of the active involvement of employees in the new era, which resulted in the creation of a collective sense of contribution and enhanced immediacy and trust at interdepartmental and interpersonal level.

This recognition comes shortly after the Gold Award in the category "Internal Communications & Employee Engagement" at the PR Awards 2024, as well as our annual distinctions in the institution of HR Awards. All our human resources initiatives aim to create an inclusive and open communication environment where everyone's ideas and opinions are taken into account.

For another year, we ran in the 5km race of the Athens Marathon, supporting the work of the EXELIXI ZOIS organization.

Following the participation of our employees in the 5km race of the 39th and 40th Authentic Athens Marathon, our running team returned. Once again, our presence was planned to support a social cause, as through our participations, we contributed to the work of EXELIXI ZOIS, an organization that supports children and youth who grew up in care structures, in their beginnings as students and professionals.

Our team covered the 5 km route, which runs through the center of Athens, leading to the finish line at the historic Kallimarmaro Stadium. All together, we participated in the grand celebration of sports, merit and fair play, guided by team spirit and aiming to boost equal opportunities for every young man and woman, in their academic and professional fields.

A team with social contribution

This was not the first time that the company is on the side of beneficiaries of EXELIXI ZOIS. In March 2023, with the participation of our running team in the Athens Half Marathon, we supported the organization's educational, athletic and cultural programs for young people who grew up in care structures and are taking their first steps into adulthood.

Additionally, on the occasion of the International Day of Women and Girls in Science, we welcomed girls - who have just finished school or are taking their first professional steps - in our offices and showed them around our facilities. Executives and women engineers discussed with them the great job opportunities offered by the dynamically growing energy and technology sector in Greece.

We promote the well-being of our people

Along with the axis of social contribution, our presence at running events such as the Authentic Athens Marathon is part of our goal to enhance the well-being and quality of life of our employees, encouraging physical exercise. To that end, we organized a series of Well-being Seminars, with topics that concern our people in their daily lives, in order to improve their mental health and enhance the maintenance of a balance between personal and professional life.

"Green" initiatives and important projects that change the country's energy landscape

In the midst of the energy crisis as well as the significant geopolitical turbulence in Europe, the decarbonization of the energy mix is a one-way street for Greece and the European Union. The effects of the crisis we are experiencing are already visible, bringing unbearable price increases and painful consequences for households, industries and the growth prospects of the economy.

For this reason, the transition process to indigenous renewable energy sources needs to be accelerated. In the above landscape, our country has the opportunity to exploit its comparative advantages. With the sun and wind in abundance, Greece has the opportunity to become energy independent and forge its own path in the use of RES, setting an example for the whole of Europe.

A greener future

In compliance with the UN Sustainable Development Goals, we facilitate the smooth energy transition of businesses to a zero-emission economy, utilizing RES. At the same time, we offer reliable, competitive, customized energy solutions from RES, helping companies to exploit business opportunities and draw financial resources from European funds.

The availability of RES and their price is not affected by geopolitical tensions or other exogenous factors and their penetration into the energy mix is increasing. In addition, thanks to reduced technology costs and increased demand due to decarbonisation, over the next 10 years, 70% of new installed capacity will come exclusively from wind and solar parks; By 2050, 50% of electricity will be generated from wind and solar power.

Sustainable development with targeted initiatives

At Principia, we invest in the sustainable development of local communities and economies, with absolute respect for the environment. Committed to our commitment to create mutual value with local communities, we promote innovative partnerships, the cultivation of relationships of trust and honest dialogue with the residents of the areas where we operate, actively supporting their transition to cleaner forms of energy, for a cleaner future  and greener.

We implement, throughout Greece, actions for the sustainable development of local communities, aiming at creating mutual value. Individual actions throughout the country range from extensive reforestation and development of alternative forms of tourism to modern educational programs and support for communities and local producers.

Improving grid usage and production through new technologies

How adequate and stable will the grid be exclusively with RES? Hybridization, i.e. the combination of different technologies, is an important solution for achieving safe and stable integration of RES into the energy mix, increasing the reliability of the system. Through hybridization, grid use is optimised as the utilisation rate increases, the stochasticity of renewables decreases, and consequently projects can be controlled and allocated accordingly.

In the midst of the energy crisis that Greece and Europe are experiencing, the production of energy from RES is a one-way street for businesses. Utilizing the know-how, innovation, extensive experience, but  also the scientific and technological training of our people, we prove that RES can be a key component of the country's and the planet's energy mix, ensuring sustainable development and a smooth energy transition for local communities and businesses.

The United Nations Sustainable Development Goals (SDGs) are a universal blueprint aiming to address global challenges by 2030

The 24th of October has been declared as UN Day, celebrating the establishment of the United Nations after the end of World War II, in 1945, in order to find solutions to global issues. In 2015, all member states adopted the Sustainable Development Goals, an action plan comprising 17 goals and 169 targets.

The Goals cover a wide range of issues, from poverty eradication and climate action to peace and justice. Their importance lies not only in their global scope but also in their ability to foster collaboration, sustainability, and social equity, ultimately making the world a better place for current and future generations.

Eradicating Inequality, Protecting the Planet

The SDGs are unique in their approach, as they recognize the interconnectedness of various global issues, with a the commitment to leave no one behind. The first goal, to eradicate extreme poverty, directly addresses the plight of billions of people who struggle to meet their basic needs. Additionally, the SDGs emphasize the need to reduce inequality both within and between countries (Goal 10) and promote environmental sustainability, particularly through Goal 13 (Climate Action), Goal 14 (Life Below Water), and Goal 15 (Life on Land). With climate change and environmental degradation threatening the health of the planet, these goals urge nations to take action to preserve ecosystems, reduce carbon emissions, and protect biodiversity.

Goals 16 and 17 focus on peace, justice, and building effective institutions. A stable and just society is essential for creating an environment in which other SDGs can thrive. This includes making governance more effective, reducing corruption, ensuring equal access to justice, and promoting human rights. Additionally, the interconnected nature of the goals requires cooperative efforts across sectors and borders. By aligning policies, funding, and initiatives around the SDGs, countries can achieve greater impact and efficiency.

Aligned with the world of renewables

The SDGs are pivotal in shaping global efforts to create a more sustainable, equitable world, and therefore directly intersect with the world of renewable energy.

Climate Action (SDG 13) is perhaps the most directly linked to renewable energy. As global carbon emissions from fossil fuels contribute to climate change, transitioning to cleaner energy sources like solar, wind, and hydropower is essential. Renewables also directly support Affordable and Clean Energy (SDG 7), helping meet the rising demand for energy by decreasing dependence on traditional fossil fuels. Additionally, renewables play a role in Decent Work and Economic Growth (SDG 8). The expansion of the renewable energy sector creates millions of jobs in manufacturing, installation, and maintenance, providing economic opportunities in both developed and developing countries.

The path to the future

All the initiatives of social interest that we implement in the framework of CSV (Creating Shared Value) are fully in line with the 17 Sustainable Development Goals. In order to disseminate and help achieve the SDGs, we regularly organize internal sessions, wherein we present and discuss the Goals and how they can positively impact our society.

At the same time, we organize activities that benefit local communities in areas where we operate, but also respond with sustainable solutions to problems that arise. These include the completion with the participation of more than 700 young people of the educational program "Energy On The Go" approved by the Ministry of Education (SDG 4), the construction of a wooden playground for children with disabilities in Kozani (SDG 4,10,11), the reuse of old merchandising materials in the context of our rebranding in collaboration with Fabric Republic (SDGs 1, 13), our cooperation with the Fire (SDG 15, 17) and the voluntary cleaning of areas of Attica (SDG 15, 17).

The SDGs offer an actionable framework for addressing our society’s most pressing issues. Their emphasis on sustainability, equity, and cooperation makes them essential in driving meaningful progress. While the path to achieving all 17 goals may be challenging, the SDGs provide a roadmap for governments, businesses, and individuals to work together towards a fairer, healthier, and more sustainable world.

How we act on circular economy principles to develop community projects and create a more sustainable future for all

In addition to our activity based on renewable natural resources, we believe that additional, small and larger, actions based on the principles of sustainable development, and especially circular economy, have the potential to change the world, one step at a time.

In contrast to the linear model of "produce – use – dispose of", the circular economy focuses on reuse, repair and recycling. The narrow boundaries of beginning and end are lost and a plethora of things can be transformed from "waste" into valuable material for recreation.

Global research has shown that moving to the circular economy model can bring great benefits. For example, according to a report by McKinsey & Company, this model could generate a net economic benefit of €1.8 trillion by 2030. At the same time, the European Parliament has said in a report that the circular economy could create 700,000 jobs in the EU alone by 2030.

With a deep commitment to sustainable development, we embrace the principles of the circular economy and turn them into action, paving a bright path for a future full of hope.

Actions with a substantial impact

In Sidera, Kozani, history meets the future. Principia's restoration of the old school in the local village is a shining example of circular economy. Instead of demolishing the old building and constructing a new one instead, the company chose to breathe new life into the building, turning it into a vibrant cultural center for the region. The renovation,  which was done with respect to the traditional architecture and used bioclimatic materials, received a warm response from the villagers.

At the same time, in Kozani, the circular economy puts children's imagination into practice. "Kivotos", an original wooden playground created for the Recovery and Rehabilitation Center "Kivotos", combines circular economy with respect for diversity. Wooden pallets and cables from the construction of the photovoltaic park "Perasma" were transformed into a magical play area, which can receive dozens of children at the same time. In fact,  The area is covered and suitable for wheelchairs, in order for every child to have free access to the game.

In Evros and the wind farm "Soros", circular economy comes to complement the values of personal well-being and environmental protection. In 2021, out of 13 medium voltage wooden pylons that had been damaged by natural phenomena, we created a recreational kiosk inside our wind farm. This project, in fact, had a positive effect as the older similar recreation spots had been destroyed in recent years. There,  visitors and hikers can take a break and enjoy the wonderful view. At the same time, the spot can be used for fire protection purposes in the wider area.

Our commitment to the reduction of our environmental footprint is also reflected in our initiative to give new life to merchandising items from the old branding of the company. In collaboration with Fabric Republic, these items were turned into modern accessories, which were offered for sale in bazaars in favor of the Chatzipaterio Foundation. This action proves that circular economy can be harmoniously combined with social contribution.

Looking to the future with optimism

With inspiration and boldness, we prove that the transition to a circular economy is not just a choice, but an obligation towards future generations. With every action, we come one step closer to the dream of a world where the harmonious coexistence of man and nature will be a reality.

As part of our sustainability actions and the creation of shared value with local communities, we present an innovative sustainability road trip that takes us all over Greece.

Ever since 2008, we have been making a decisive contribution to the sustainable development and prosperity of the regions where we operate. Over the years, our activities in more than 20 different geographical areas have addressed local needs through dozens of sustainable and resilient social solidarity projects.

Our people have created mutually beneficial relationships with local organizations and communities, from Achaia to Kozani and South Evia to Crete. And, as we celebrate 15 years of business activity in Greece,  we have created a special green road trip which presents some of these programs. This short film chronicles our substantial social contribution through sustainable initiatives.

First stop at the “Lithos” wind park in Kalavryta 

The trip started at the “Lithos” wind park in Kalavryta. The park is located at an altitude of 1600 meters. It was here, in 2021, that we co-organized the 43rd “Thysias” bike race, whose route passed by the wind park. In this way, the local community became more familiar with the project, as well as with the benefits for the area. Since then, we have continued to support the Hellenic Cycling Federation. Its President, Vassilis Diamantopoulos, says: “We collaborated because we have common goals: the reduction of air pollution and the improvement of the green environmental footprint. It was the largest ever turnout for this event with more than 400 people taking part. This was unprecedented for Greece, and we are delighted to be working with the company.”

The journey continues at the “Vamvakies” photovoltaic park in Kozani

The next stop on our trip was Kozani in Western Macedonia, home of the “Vamvakies” solar park. Here, in collaboration with Wise Greece, CluBE (the Cluster of Bioeconomy and Environment of Western Macedonia) and the Municipality of Kozani, we set up the award-winning “Vamvakies, a green social project.” This is an educational program which aims to promote agri-food entrepreneurship. Through this project, 250 young people were given training, while a group of women are already active in an agrivoltaic project at the park. They are planting aromatic herbs in order to supply Europe’s first agricultural products from a photovoltaic park. Furthermore, we are actively supporting the local community through continuous initiatives in the village of Polymylos. Spyros Avramidis, the President of the Polymylos Community, says: “We were lucky to have such a company support us. During the Covid-19 pandemic, it offered technology equipment to primary schoolchildren to enable them to attend their classes remotely and, in consultation with the village doctor, it donated equipment to the Local Health Centre, thereby assisting locals who cannot be taken to a hospital.” 

Next stop: the wind farms in Heraklion, Crete

Our trip continued in Heraklion in Crete. Here, for several years now we have, alongside the operation of our projects, been undertaking initiatives for the local community and the protection of migrant birds of prey. One initiative is being implemented at the Kouloukonas and Agios Kyrillos wind parks, which are located at an altitude of more than 1000 meters: in collaboration with the Natural History Museum and the University of Crete, bird flights are being studied. Based on those studies, bird feeders were placed at specific points in the surrounding mountains, on routes far from the wind parks. The birds can thus head for the feeders on cloudy days to get food and continue their journey. Michalis Probonas, Head of the Ecology Laboratory of the University of Crete, says that “Our collaboration started many years ago through bird monitoring programs related to its power plants in Crete. We have been operating and monitoring bird feeders in Crete since 2019. During this time, some 12 tons of food have been placed in the feeders, in order to support the bird populations.”

Our final destination: Kafireas in South Evia

Our road trip concluded in South Evia, specifically, Karystos. This is home to  Kafireas, the largest cluster of wind parks in Greece.  Since the beginning of the park’s construction, we have worked alongside the local community, by supporting associations in the area. Initiatives include the reforestation of the historical forest of Kastanologgos. Its size has decreased by 40% and it could be lost entirely in a few years. With total funding of €2m, we aim to reverse its decline by taking action in 240 acres of existing forest and planting new trees on the surrounding 400 acres. The project will therefore bring new life to 640 acres, an area roughly equivalent to 90 soccer pitches. At the same time, we support “Anemos” Cycling Club and the “Heri-Heri” Association for the Protection of People with Disabilities. The President of the “Anemos” Cycling Club, Gerasimos Lykoudis, says: “Recently we held an event exclusively for young children, featuring all the games we remember from our childhood.” George Pantelis, the Secretary of the “Heri-Heri” Association, added  that “the van donated by the company serves all the Association’s needs, such as the transportation of People with Disabilities, outdoor activities and any other transportation requirements.”

In order to promote the principles of solidarity, generosity and social contribution, we enable a sustainable development model that fosters relationships of trust with the residents of the areas where we operate while supporting the transition to clean forms of energy. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals.

We continue with pride to support Giorgos Mouchtis, table tennis champion with disabilities.

Since 2021, we have been by the side of Giorgos Mouchtis, table tennis champion with disabilities, supporting him in his participations in international competitions with the colors of our National Team.

Giorgos Mouchtis is at number 14 in the world ranking of table tennis people with disabilities and is an 8-time Greek champion. At the same time, he has won 18 medals in as many international competitions, including silver in the team event of his category, with the Greek National Team.

In the first official event for the 2024-2025 competition season, the "Tatavla Ping Pong Open 2024" organized on October 5th and 6th by the Panhellenic Association of Friends of Table Tennis, Giorgos won the gold medal in the 18-39 age category, competing against able-bodied players.

The power of sports

Currently, the athlete is preparing for his participation in the European Games 2025, in Sweden. "This is a big challenge for me, as my most important distinction in the sport was the Silver medal in the same event and in the same place, in 2019. Therefore, my goal is to achieve a similar success, maybe even higher! Another big goal of mine is to qualify for the Los Angeles Paralympic Games in 2028," says Giorgos.

It is worth mentioning that our support for the table tennis champion has been decisive in his competitive rise, as he has risen from number 31, up to number 13 in the world ranking. "Since we started our partnership, it has been a great pleasure and honor for me to talk to the people of Principia and walk together. I believe that if I had not had the support of the company, all these years, I might not have achieved all that I have achieved so far," he states, and continues: "It is important that companies of this caliber support athletes like me, showing in practice their commitment to inclusion. For this reason, I promise to make every effort for success to make all those who support me proud."

Giorgos has been "embraced" by all our employees, participating in a series of our actions and initiatives. Specifically, he visited the company's offices for a special Diversity & Inclusion Breakfast, discussing with employees about his career in sports. He also undertook to coach the employees as part of the company's internal table tennis championship.

Supporting Diversity

We are the first Renewable Energy Company in Greece to sign the Diversity Charter of the European Union, which promotes the voluntary commitment of private companies and organizations in order to promote diversity and equal opportunities in the workplace, regardless of age, disability, gender, race or ethnic origin.  religion or sexual orientation.

At the same time, we designated the year 2022-2023 as the year of Diversity and Inclusion, culminating in our initiatives of a grand team participation in the Authentic Athens Marathon. We continue the practical implementation of these values in our daily lives, by organizing special events to raise awareness of equality, as well  as through our volunteer program, which includes supporting people with disabilities, with the involvement of our employees.

Like all our initiatives for the Creation of Shared Value, the support to Giorgos Mouchtis is fully in line with the UN Sustainable Development Goals, and specifically with goals 3, Good Health & Well-being, and 10, Reduced Inequalities.

The acceleration of the transition to green and sustainable energy has brought about a new era for the sector throughout Europe. At the same time, this requires a new development model will inevitably change the future of the workforce.

In essence, the energy transition is a modern "industrial revolution" as it creates a new type of professional, with new skills requirements. At the same time, it imposes a drastic change of perspective in terms of what constitutes a good working environment, in full harmony with the values of sustainability, transparency and governance that have been adopted worldwide.

According to the annual report by the International Renewable Energy Agency (IRENA) and the UN’s International Labour Organization, in 2023 alone, 2,500,000 new jobs were added globally in the field of Renewable Energy Sources (RES), with overall employment in the sector reaching 16.2 million, out of which 1.8 million in the European Union. It is also estimated that the RES sector will provide 38 million jobs by 2030, and when we include all those related to the energy transition, the total comes to about 74 million.

New skills for young professionals

As trends show, young talent is moving more and more towards RES. It is worth noting that in the US, the number of renewable sector jobs offered on the LinkedIn platform has increased by 237% in the last five years.

In this new era, businesses and the educational community must work together strategically to develop programs that will fill skills gaps and respond to the demands of the new green era. Despite the established trend, there is a discrepancy between supply and demand in work skills. As in any such transition, the skills of the "old world” must be transformed and new ones must be created by building on established foundations. After all, a just transition means leaving no one behind.

Leading the energy transition

At Principia, every day we endeavor to upgrade the skills of our employees, by investing not only in innovative solutions but also in training for all generations. Furthermore, the green transition goes beyond the operational aspect of business. We are therefore trying to build a corporate culture that promotes sustainability, has a positive impact on society, and highlights the values of inclusion, diversity and respect.

The issue of equality is also addressed by supporting and promoting women in fields that have been historically dominated by men, such as engineering. We also actively encourage female students at high school to study STEM (Science, Technology, Engineering and Math) subjects through mentoring programs and visits to schools by women at our company who act as role models. At the same time, we place the wellbeing of our employees at the center of our initiatives, thereby showing our commitment to their work-life balance.

As the energy sector grows, offering new career opportunities to young professionals, we ensure that our working environment is sound and modern, in harmony with the principles of inclusion and equality. In this way, we are continuing to adapt to the challenges of our times. We are playing a leading role in the transition that will create a more sustainable, greener tomorrow.

We completed the innovative program Vamvakies Social Green Project that empowered enterpreneurship and created value for the residents of Kozani and the wider region.

The project

The Vamvakies Social Green Project was developed by Principia, in collaboration with Wise Greece and CluBE under the auspices of the Municipality of Kozani, exclusively for the Prefecture of Kozani and the wider region, with the aim of supporting people who are interested in empowerment, entrepreneurship and careers in the food industry. 

The program was divided into 2 sub-projects:  the empowerment of a small group of women farming in the Vamvakies PV plant area and the provision of free educational seminars on various topics for all the residents of Kozani.

An innovative program

The idea was put into practice at the solar plant near Polymylos Kozani, where a small group of women cultivated herbs, both in the open spaces and under the panels.

At the same time, the women were supported by a team of advisors and trainers, with the aim of becoming micro-entrepreneurs, marketing these original products and earning a substantial income.

From the materials of the crops in Vamvakies, we created the MYROLAND series of products, which consists of the following: spices for chicken, spices for pork, a Mediterranean mixture of herbs, as well as herbal drinks with the flavor of melomakarono, tsoureki, banoffee and paliouri.

This is the first time in Europe that a series of products from the land of a solar park has been launched on the market.

The educational program

Educational programs were organized and made available to all Kozani residents in order to promote and enhance entrepreneurship. The seminars took place online once a month and were supported by a large team of experienced trainers who flank the participants in every stage of their business career.

The participants were able to develop their knowledge of the nutrition sector and connect with mentors who could help them in every professional step. They also received training in very important entrepreneurship issues such as the preparation of a business plan, the production and promotion of products, effective communication, developing a network of customers and partners, digital marketing and much more.

The Vamvakies Social Green Project was honored for its Innovation and Social Impact with the Bravo Sustainability Award in the Society and Partnerships category and with the Gold Hellenic Responsible Business Award in the Decent Work & Economic Growth category.

Our Creating Shared Value (CSV) initiatives are fully in line with the 17 UN Sustainable Development Goals. The Vamvakies Social Green Project is aligned with Goal 4 (Quality Education), Goal 5 (Gender Equality) and Goal 8 (Decent Work & Economic Growth).

On the road to the green transition, technology, digitalization and innovation contribute decisively to the maintenance and operation of RES projects

The maintenance of wind and solar parks presents significant challenges, as they are large-scale projects located in remote, and often not easily accessible, areas. That's why we implement innovative solutions in the control and maintenance process of our parks, which ensure their proper operation.

One of the technological innovations we use is smart glasses, a tool equipped with augmented reality, integrating real-time data and enabling hands-free communication. These devices allow technicians to perform diagnostics, make use of remote technical support and improve project performance.

Facing challenges quickly

In both solar and wind projects, rapid and accurate detection of a fault is very important to minimize downtime and maximize energy production.

For example, in a wind project, smart glasses can help technicians identify mechanical problems in wind turbines, such as blade wear or gearbox problems, using sensor data and thermal imaging. At the same time, smart glasses allow technicians to remotely collaborate with experts from any location, significantly improving response times and enabling faster damage repair.

Improving safety and efficacy

Smart glasses can also help technical personnel carry out maintenance work, supporting safety conditions. For example, smart glasses can display warnings about voltage, weather conditions, or any operational hazards in real time, helping technicians make appropriate decisions and avoid dangerous situations. In wind projects, where technicians often work at height, real-time communication and access to safety protocols through smart glasses enhance overall safety.

Remote management of projects

We use technological innovations that facilitate the supervision of our projects and ensure their proper operation. Besides, we have the most innovative and state-of-the-art Control & Monitoring Room in the RES sector in Greece, which enables monitoring and remote management of our projects.

Through the Control & Monitoring Room, our engineers and experienced data analysts can remotely control projects as well as identify and restore immediately and in real time any damage that may occur, 24 hours a day and 365 days a year.

• For the 9th consecutive year, under the auspices of the Ministry of Education, Religious Affairs and Sports, the pioneering and innovative educational program "Energy on the Go by Principia" was organized.
• Since 2014, more than 4,000 pupils and students from all over Greece have participated in a series of actions, aiming to inform and raise awareness on sustainability and green energy issues.

Principia, as part of its commitment to creating a sustainable future, has successfully completed for another year the innovative educational program "Energy on the Go" which bears the approval of the Ministry of Education, Religious Affairs and Sports and aims to inform and raise awareness among pupils and students on issues of sustainable development and renewable energy sources (RES). In total, since the start of the program in 2014, more than 4,000 students have participated in the program.  

Report for the Educational/Academic Year 2023-2024

For the educational/academic year 2023 - 2024, over 700 children and young people from Athens, Agrinio, Lamia and Grevena got to know the world of environmental sustainability, green energy and circular economy through experiential activities. Students from Grevena and Edessa visited the wind farms "Monastiri 2" and "Zoodohos Pigi", where, with the help of Principia's engineers, they got to know the operation of wind turbines up close and learned how wind is converted into energy. In addition, Principia organized a special educational action at the "Zoodohos Pigi" park on the occasion of Global Wind Day on June 15. In collaboration with the Hellenic Wind Energy Association (HWEA), the wind farm was transformed into an original "knowledge center" for children and young Scouts. Finally, at the Martino wind farm, in Fthiotida, Principia welcomed students from the Special Laboratory of Vocational Education and Training in Lamia, offering them an experiential and entertaining acquaintance with modern energy production technologies from RES.

To conduct Energy On The Go, Principia employees voluntarily support the program and contribute their knowledge and experience to inform and raise awareness among participants on sustainability and green energy issues.

The company's social initiatives are fully aligned with the 17 Sustainable Development Goals of the United Nations.

You can download the information brochure of the program here.

We completed for the 9th consecutive year the educational program "Energy on the Go", with which we raise awareness of children and youth about green energy

More than 700 children and young people from Athens, Agrinio, Lamia and Grevena had the opportunity to participate and get to know in an experiential and fun way the world of green energy and circular economy but also to be sensitized to environmental issues. Our educational program "Energy on the Go" started in 2014 and receives the annual approval of the Ministry of Education,  Religious Affairs & Sports. It is addressed to pupils and students and takes place both in primary, secondary and higher education classrooms, as well as in our parks, throughout Greece.

During the 2023-2024 training year, our team of volunteer employees visited over 12 educational institutions across Greece to implement the program. In total, more than 4,000 young people have attended Energy on The Go.

Educational initiatives throughout Greece

Students from Grevena and Edessa chose to visit our wind farms "Monastiri 2" and "Zoodochos Pigi". With the help of our engineers, students had the opportunity to see up close the operation of the wind turbine but also to learn how wind is "converted" into energy.

At the park "Zoodochos Pigi", we organized another special educational activity, on the occasion of the World Wind Energy Day on June 15th. In collaboration with the Hellenic Wind Energy Association (ELETAEN), we "transformed" our wind farm in Vermio into an original "knowledge center" for children and young Scouts.

Finally, at the Martino wind farm in Fthiotida, we implemented an important initiative, as we welcomed young people from the Special Laboratory of Vocational Education and Training in Lamia. Thus, special education students had the opportunity to get acquainted, in an experiential and entertaining way, with modern technologies that help in the utilization of environmentally friendly energy sources.

Education for the future

The main purpose of the program is to raise awareness on issues such as sustainable development and renewable energy sources (RES). The theme covers sustainability, circular economy, energy efficiency and differences between renewable and conventional energy sources. The program, which is based on visits by our employees to schools during the school year, is divided into two parts: an interactive presentation and educational games. The presentation consists of videos and photos and simplifies complex concepts through understandable examples. Games, on the other hand, are designed to encourage problem-solving and teamwork and reinforce the concepts taught during the presentation.

The "Energy on the Go" training program gives us the opportunity to meet the generation of the future and introduce its members to the world of renewable energy sources. Combining practical learning and knowledge with innovative methods, we directly show students the application of renewable energy sources in everyday life, cultivate their understanding of sustainability and demonstrate its importance for the environment. In this way we pave the way for a greener future for new generations.

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's daily lives and especially on the future of young people. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this program being part of Goal 4: Quality Education.

We are implementing an innovative initiative in our parks, which helps us in our daily activities while protecting biodiversity

During the daily operation of our solar parks, we encounter various challenges, which we are called upon to address in energy-efficient, environmentally friendly ways. In this context, we sought solutions to a frequent phenomenon: the outages and damage caused to the wiring of our solar installations, by rodent populations.

Our goal was to apply alternative methods, avoiding the use of chemicals or other substances, which would damage the subsoil and the aquifer. Thus, we identified the organization "Tyto", which started from the University of Thessaly and aims to help protect and reproduce the homonymous owl.

Tyto alba is a nocturnal predator that feeds almost exclusively on mice, throughout its geographical range. In order to limit rodents that damage park equipment, and to help the population of owls, we are implementing in collaboration with the organization an innovative program, placing artificial nests in our solar plants that will be inhabited by Tyto.

A pioneering action

To implement the initiative, we initially selected parks in areas and altitudes where the population of Tyto thrives the most. Nests have already been placed in 12 of our parks in Western Macedonia (Florina), Xanthi (Pezouliotika, Polysitos), Thessaly (Mark, Myrini, Gefyri I & II, Larisa) and Peloponnese (Kavasila, Stroussi, Kourtesi, Limnochori).

This is a pioneering action, as we were the first renewable energy company in Greece to proceed with this initiative. We are monitoring the progress of the project and collecting data on its results so far, in order to identify and record potential obstacles, ensure the usage of the nests and enhance the reproduction of Tyto.

Multiple benefits for the environment

The benefits of this action are multifaceted: they lead to savings in maintenance and cable replacement costs, but also to increased energy production, since we avoid cable damage and possible interruptions in inverter operation. At the same time, we protect the ecosystem and biodiversity in park areas, as we do not use harmful chemicals to manage rodents, while actively helping to increase the population of an endangered species.

Besides, this is not our first initiative to protect biodiversity, as for several years, we have set up feeders to protect birds of prey near the parks of Kouloukonas and Agios Kyrillos, in Crete.

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's daily lives and especially on the future of young people. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this program being part of SDG 15 - Life on Land and SDG 17 - Partnerships for the Goals.

Modernizing our activities with the use of technological innovation and robotics, we created the first automated robotic system for grass cutting in our plants

Grass cutting is a key activity of the operation of a solar park. Regular maintenance of vegetation around the panels ensures seamless collection of solar rays, prevents problems such as shading, which affect the efficiency of the project, and creates a major firefighting zone. Special methods, such as the use of sheep for grazing, can enhance sustainability and reduce carbon emissions associated with traditional cutting methods.

Recognizing the need for grass cutting automation in our solar parks throughout Greece, we decided to develop an innovative tool, in collaboration with the digital transformation company iKnowHow. So, we worked on creating an automated, robotic system that could, with full autonomy, mow the grasses and small bushes in the area of the solar park. Finally, we designed the robot Aristos, which started its operation in the parks of Larissa and Ekta.

Facing the challenges

It was the first time that a company that produces energy from renewable sources implemented such an innovative project, as the program was not only for research purposes but aimed to meet a real need for operational procedures. During the research, we conducted several tests to perfect the operation of the robot and make sure that it will be reliable and flexible at the same time, so that it can move comfortably under the panels.

The final model Aristos, already in operation, measures 1.20x1.50 meters and weighs 200 kg. Our goal is to ensure the efficiency of the tool, which can pave the way for the development of even more robotic solutions for renewable energy parks, as the possibilities of technology are endless.

Multiple benefits

This initiative is of key importance for our company, as the use of robotics leads to a reduction in the cost of continuous grass cutting required for the proper operation of solar parks. At the same time, this venture is an essential step to utilize our experience in solar maintenance, transforming it into a prototype tool for the international market of wide use.

Finally, it paves the way for the further development of this robot, incorporating other functions that can reduce the operating costs of parks and optimize their performance. After all, our mission is to accelerate the energy transition with innovative solutions, pioneering a better future.

In Sidera, Kozani, near the new Perasma solar cluster, we completed the renovation of the old school of the village, which is now a cultural meeting center of the local community.

As part of our social activities and initiatives in the wider area of construction of our company's new "Perasma" Solar Cluster we completed the renovation of the old historic school building, in the village of Sidera, Kozani. The need for renovation existed before and after dialogue with the local community it was implemented by external partners of our company and was completed in July.

A historic building

The old school building of the village was constructed around 1930 and functioned as an educational center for many years, offering knowledge to the children of the village and being a reference point for the cultural heritage of the area. Due to the limited number of students who now live in Sideras, the operation of the school was suspended and today, the building hosts the cultural center of the village as well as all the activities of the community.

In recent decades, the condition of the building has been poor, with significant damage to its exterior, due to lack of proper maintenance work on the building. Thus, we designed an initiative that aimed at the complete renovation of the façade of the building, as well as the surrounding area.

Respecting tradition

The original façade of the building was made of stone, but it was covered with plaster, losing its beautiful and traditional appearance. At the same time, natural wear and tear had altered its characteristics over the years. So, in collaboration with the local community, we decided to highlight the original architecture of the building, with respect to the historical construction and the tradition of stonework. The work included, among other things, the removal of coatings and plasters, the grinding of stone and joints, as well as the construction of a system so that groundwater and moisture do not cause damage to external surfaces. At the same time, hidden lighting was installed which highlights the stone even better.

We delivered to the local community the completed project, which now highlights the historical value of the building and reinforces its importance as a center of all activities in Sidera. Recently, the courtyard of the renovated building hosted the festival of Prophet Elias, organized by the Cultural Educational & Naturalist Association of Sideras "The Refugees", with the participation of hundreds of residents of the village and the wider region.

Creating value

The Sidera project confirms our commitment to actions that benefit society and local communities in the Kozani region. These multifaceted actions include our support for activities in the area, the program to identify energy needs in Mavrodendri, Kozani, and  the construction of the "Kivotos" that creatively utilized hundreds of wooden pallets from the Perasma cluster to create a wooden structure for disabled children.

Our Creating Shared Value (CSV) initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this action being part of Goal 11: Sustainable Cities and Communities.

The Agenda for Sustainable Development was adopted at the 70th United Nations General Assembly in 2015. Our company's initiatives of social interest are fully in line with the 17 Sustainable Development Goals.

The Sustainable Development Goals are global in nature and of general application with a timeplan for implementation by 2030. They create implementation commitments for all countries, developed and developing, taking into account different national realities, levels of development, national policies and priorities. The 2030 Agenda promotes the integration of all three dimensions of sustainable development – social, environmental and economic, they have a clear relationship with ESG criteria of the company.

Daily commitment to a sustainable governance model

At Principia we demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's daily lives and especially on the future of young people. Therefore, all our initiatives of social interest that we implement in the framework of CSV (Creating Shared Value) are fully in line with the 17 Sustainable Development Goals.

In this context, we decided this year to get to know some of the SDGs. 1: No Poverty, 4: Quality Education, 7: Affordable and Clean Energy, 10: Reduced Inequalities, 13: Climate Action and 17: Partnership for the Goals. Every month a group of employees will be informed and informed about one of the Goals, contributing not only to their dissemination but also to their achievement.

The beginning was made with SDG 7: Cheap and Clean Energy, as it is also the Goal that our company is dealing with by its nature, as Renewable Energy Sources are not only environmentally friendly, but also more economical than others. Selected employees from various departments of the company presented the basic principles governing this Goal and its Sub-Objectives and proposed solutions for its sustainable achievement. OR Raising awareness and education towards a sustainable society concerns us all and through our internal information and awareness program, we are doing our bit in this direction.

Activities of social interest

At the same time, we continue to work towards an inclusive society, with green and clean energy for all. Our goal is to contribute to the daily needs of the local communities where we operate, but also to respond with sustainable solutions to problems that arise.

It is worth mentioning characteristic examples of actions of social interest that we recently implemented: the completion with the participation of more than 700 young people of the educational program "Energy On The Go" approved by the Ministry of Education (SDG 4), the construction of a wooden playground for children with disabilities in Kozani (SDG 4,10,11), the reuse of old merchandising materials in the context of our rebranding in collaboration with Fabric Republic (SDGs 1, 13), our cooperation with the Fire (SDG 15, 17) and the voluntary cleaning of areas of Attica (SDG 15, 17).

We are committed to continue the effort to inform and raise awareness not only of our employees but also of the whole society about the importance of the 2030 Agenda.

We received a Gold distinction for our high performance in Sustainable Development and ESG criteria from the CR Index, and at the same time we received a special commendation in the "Environment" pillar. For the first time in the history of the institution, a company with operations in green energy won a Gold Award.

Our Sustainable Development practices and ESG criteria across the spectrum of our activities won the Gold Award in the National CR Index. This distinction was accompanied by a special commendation in the "Environment" pilar, confirming our dedication to actions for a sustainable future.

The award ceremony took place at the annual event organized by the  Corporate Responsibility Institute, with the support of the European Commission in Greece. For the first time in the history of the institution, a green energy company in Greece conquers this top distinction, setting new standards for the industry. This year's recognition comes as a natural continuation of the Silver Award (as Enel Green Power Hellas) and the distinction of "Best Newcomer Company", both received in 2023.

The CR Index is the first ESG Index in Greece that, since 2008, evaluates the performance of companies in terms of society, environment, employees, corporate governance and the market. The assessment process is carried out on the basis of the 100 international criteria of Business in the Community (BITC), which are the current prerequisites for the most important ESG indicators and standards.

Creating Shared Value: A Holistic Approach to Sustainability

Adopting a holistic approach to sustainability, we incorporate a different corporate governance model, Creating Shared Value (CSV), a model of sustainable development in local communities that is fully in line with the 17 UN Sustainable Development Goals.

In the field of society, we presented actions that highlight our consistent practice to be next to the local communities of the areas where we operate, such as the award-winning program "Vamvakies: A Social Green Project", our contribution to tackling energy poverty in Kozani and the registration of the Greek "Kissouri" honey as a Protected Designation of Origin (PDO), in Karystos.

In the field of the environment, we implement sustainability and sustainability initiatives, such as supporting the work of the Fire Service and our cooperation with the University of Crete for the protection of birds of prey near our wind farm in Agios Kyrillos. At the same time, we carry out targeted circular economy actions to reduce our environmental footprint, such as the creation of a model wooden playground for children with disabilities from used pallets in Kozani, while in the context of our rebranding, we gave life again to objects that were intertwined with the company's success in previous years!

Regarding our employees, who are at the heart of our activities, our Gold distinction at the Health & Safety Awards confirms our absolute commitment to zero accidents. At the same time, we empower our employees with innovative programs, such as the award-winning corporate volunteering program "Be The Hero". As the first Greek RES company in Greece to sign the European Union Diversity Charter, we promote Inclusion and Diversity, while supporting the importance of work-life balance and the wellbeing of our colleagues.  

This award reflects the successful implementation of Sustainable Development practices & ESG criteria that we apply across the spectrum of our activities according to the National CR Index, as well as the business responsibility that distinguishes us at every step.

We created a new prototype wooden playground by used wooden pallets, that was symbolically named "Kivotos".

In Kozani, we completed a new innovative project that utilized the principles and practices of circular economy to offer education and empowerment to children but also to enhance the entertainment infrastructure of the  Center for Recovery - Rehabilitation, Day Care for People with Disabilities "Kivotos", in Kozani, operating in the country, since 2000. The project "Creating an Ark" was funded by the company,  with the contribution of the Cluster of Bioeconomy & Environment of Western Macedonia (CluBE) and the scientific support of the Department of Visual & Applied Arts of the University of Western Macedonia.

Through the project, the artistic skills of the children hosted at the Center were developed, the perception of the wider community about the value of material reuse and circular economy was strengthened and the relationship of the local community with the University of Western Macedonia was further cultivated, through the internship of 35 students who worked at the different stages of the construction of the wooden ark.

The "journey" of the pallet

More specifically, 500 wooden pallets that transported the PV panels to the "Perasma" Solar Cluster under construction, as well as 6 huge wooden cable drum with a diameter of 1.5m with medium voltage cables used in the project, were the raw material of this important project.

The process was divided into three phases. Initially, last December, the Center used part of the materials to create Christmas greeting cards, decorative ornaments and gifts, which were curated by the children. The children's creations were offered to our employees, and were distributed at the Christmas bazaar of the Center.

Then, students of the Department of Visual & Applied Arts of the University of Western Macedonia created original and utilitarian wooden toys. The objects helped the children of the "Kivotos" to develop their imagination and promote their social inclusion.

The culmination of the project was the creation of the wooden playground named "Kivotos", within the Center's facilities. For its construction, more than 450 man-hours were allocated and natural timber was used, as well as wooden pallets and wooden cable drum from the construction of the "Perasma" Solar Cluster. The ark can host dozens of children at the same time, being a unique meeting point, coexistence and respect for diversity. The area is covered and suitable for wheelchairs, in order for every child to have free access to the game. To complete the scenery, the remaining construction raw materials were transformed into wooden toys, which have been placed inside the playground.

Projects with social impact

The support to the "Kivotos" project, which annually benefits 120 families in the wider region, is practical proof of our commitment to give back to society. It is yet another initiative in a series of circular economy projects, such as the reuse of old merchandising materials in the context of rebranding in collaboration with Fabric Republic and the creation of a recreational area in its wind farm "Soros", in Evros. Driven by innovation and creativity, we create shared value, in every area where we operate, with this initiative being part of SDG 4 - Quality Education, SDG 10 - Reduced Inequalities, and SDG 11 - Sustainable Cities and Communities.

• Through an innovative circular economy project, implemented by Principia in collaboration with the University of Western Macedonia and the Bioeconomy & Environment Cluster of Western Macedonia (CluBE), the children of the Center for Recovery - Rehabilitation, Day Care for People with Disabilities "Kivotos" acquired a new original wooden playground symbolically named "Ark".
• For the construction of the playground, pallets and wooden rotors from a development project of Principia in Kozani were reused.

Principia has completed a new innovative project that utilized the principles and practices of the circular economy to offer education and empowerment to children but also to strengthen the entertainment infrastructure of the Center for Recovery - Rehabilitation, Day Care for People with Disabilities "Kivotos", in Kozani, which has been operating in the country since 2000. The "Creation of the Ark" project was funded by the company,  with the contribution of  the Bioeconomy & Environment Cluster of Western Macedonia (CluBE) and the scientific support of the Department of Visual and Applied Arts of the University of Western Macedonia.

Through the Project, the artistic skills of the children hosted at the Center were developed, the perception of the wider community on the value of the reuse of materials and the circular economy was strengthened, and the relationship of the local community with the University of Western Macedonia was further cultivated, through the internship of 35 students who were employed in the different stages of the construction of the "Ark".

More specifically, 500 pallets that transported the photovoltaic panels to  the "Perasma" solar park under construction, as well as 6 huge 1.5m diameter impellers with medium voltage cables used in the project, constituted the raw material for this important project, which was divided into three phases:

• Last December, the Center utilized some of the materials to create Christmas greeting cards, decorative ornaments and gifts, which were artistically curated by the children. The children's creations were offered to Principia employees, and were donated to the Center's Christmas bazaar.
• Then, students of the Sculpture and Decoration Laboratories of the Department of Visual and Applied Arts of the University of Western Macedonia created original and utilitarian wooden toys that helped the children of Kivotos to develop their imagination and promote their social integration.
• The culmination of the project was the creation of the wooden playground called "Ark", inside the premises of the Center. More than 450 man-hours were allocated for its construction and natural timber was used, as well as Principia's pallets and impellers from the "Perasma" solar park under construction. The ark can receive dozens of children at the same time, constituting a unique meeting point, coexistence and respect for diversity. The area is covered and suitable for wheelchairs, so that every child has free access to play. In order to complete the "setting" of the "Ark", the remaining raw materials were transformed into wooden toys, which have been placed inside the playground.

The support for the "Ark" project, which annually benefits 120 families in the wider region, is a practical proof of Principia's commitment  to giving back to society and is added to a number of circular economy projects, such as the reuse of old merchandising materials in the context of rebranding in collaboration with Fabric Republic and the creation of a recreation area at its "Soros" wind farm, in Evros. Guided by innovation and creativity, the company aims to create mutual value in the areas where it operates.

On Sunday, June 16, we celebrated Global Wind Day with a special initiative, organizing an activity in Northern Greece to explore one of our wind parks.

Once again, in the framework of Global Wind Day, we organized an activity in one of our wind farms, so as to bring the public closer to Renewable Energy Sources. Specifically, we "transformed" our wind farm "Zoodohos Pigi", in Vermio, into an original "knowledge center" for children and young Scouts.

For the younger generation

We collaborated, for yet another year, with the Hellenic Wind Energy Association (ELETAEN) and created a special field trip for the Scout groups of the wider region, based on our model educational program "Energy On The Go". The day began with a tour of the wind farm "Zoodohos Pigi", offering children and youth the opportunity to see up close the technology behind the operation of wind farms.

We then discussed the importance of wind energy for building a sustainable future. We also delved into the energy industry, explored related fields of study, and talked about the career prospects and career opportunities offered by the RES sector. The workshops were complemented by outdoor activities designed by the Scouts to promote teamwork and environmental awareness.

The participants were given the educational brochures of ELETAEN "Learning about Wind Energy" and "Fyssa Aeraki Fysa me", which, through a series of thematic activities and creative exercises with shapes, colorful pictures, crosswords, drawings and crafts, encourage young children to play and learn more about wind energy and the crucial role of Renewables.

Aristotelis Chantavas, CEO of Principia, stated: "Such initiatives and synergies with HWEA prove our long-standing commitment to support people and societies in the areas where we operate, by creating opportunities for knowledge and education on green energy. At the same time, within the framework of our award-winning and Ministry of Education-approved educational program "Energy On The Go", which has already been attended by more than 5500 children in Greece, we highlight the prospects that green energy creates, for the environment and the economy, as well as for careers in the sector."

Education for the future

June 15th was established as Global Wind Day in an effort to raise awareness and inform the public about the benefits arising for the environment and the sustainability of the planet from the use of Wind Energy and the need to ensure air quality. The initiative belongs to the European Wind Energy Association (WindEurope) and the Global Wind Energy Council (GWEC).

By encouraging and educating the younger generation about renewable energy, all of us at Principia are actively contributing to a future based on clean technologies. At the same time, this approach is aligned with our strategic model of creating shared value, which ensures that our activities also benefit the local communities in which we operate. Our actions for the Creation of Shared Value (CSV) are fully aligned with the 17 UN Sustainable Development Goals, with this initiative being part of SDG 4 - Quality Education and SDG 17 - Partnerships for the Goals.

On June 15 every year, we celebrate Global Wind Day, which brings us closer to accelerating the energy transition.

At Principia, we are among the leaders of wind energy production with an installed capacity in Greece which reaches a total of 368.60 MW.

The pinnacle of production is the model wind cluster Kafireas in South Evia, one of the largest wind farms in the country with a total capacity of 167.9 MW. It includes 8 wind farms with 73 wind turbines and will be able to produce about 505GWh per year, reducing CO2 emissions to the atmosphere by 294.2 metric tons per year.

Global Wind Day was established by the European Wind Energy Association (EWEA) and the Global Wind Energy Council (GWEC), in an effort to raise awareness and inform society about the benefits for the environment and the sustainability of the planet from the use of Wind Energy and the need to ensure air quality.

Initiatives towards local communities

Starting with our wind farms throughout Greece, we are supporting to the local communities where we operate. Recently, with our decisive contribution and after 5 years of procedures, the Commission registered the Greek flower honey "Kissouri Honey" produced in South Evia, as a Protected Designation of Origin (PDO), while in Northern Greece we have created our first circular economy project, constructing from old pillars a fully equipped space for the recreation of hikers and visitors, which, at the same time, acts as a useful observation point in the context of fire protection.

However, our social contribution continues, supporting the work of the Authorities, Bodies and Associations. Namely, in our wind farm Monastiri 2 in Rodopi we hosted a wind turbine evacuation exercise at a height of 65 meters, in which members of our company's Operation & Maintenance team, executives of the 4th Special Disaster Response Unit and the local police participated. In 2023,  on the occasion of Global Wind Day, we organized two special sports activities that combined physical exercise, mental well-being, information about wind energy and acquaintance with the natural environment near our wind farms, in South Evia and Evros. In 2021 2021, we co-organized the 43rd cycling tour "Sacrifice", whose route passed next to the wind farm Lithos in Kalavryta.

At the same time,  throughout the year, our wind farms throughout Greece are open to welcoming students who are informed and trained on the principles of sustainable development, circular economy, innovation and the utilization of Renewable Energy Sources.

Protecting biodiversity

In Heraklion, Crete, in parallel with the operation of our projects, we undertake initiatives for the protection of birds of prey passing through the area. Such an action is implemented in the wind farms  of Kouloukonas and Agios Kyrillos located at an altitude of more than 1000m. There, in collaboration with the Natural History Museum and the University of Crete we studied the flights of birds. Based on the results, we placed feeders at specific points in the surrounding mountains, on routes away from the wind farms of the area. Therefore, on days with thick clouds, the birds head to the feeders and continue their journey.

The global road to wind energy

According to statistics released by the World Wind Energy Association (WWEA), the power to produce electricity from wind farms installed around the world exceeds 1000 GW, while finally it is worth noting that the operation of a wind farm with a capacity of 10 MW can supply electricity to more than 7,000 households and save the consumption of about 7,000 tons of oil.

Also, with the aim of achieving a transition away from fossil fuels, the European Commission presented REPowerEU, whose main pillars are diversifying energy supply, saving energy and accelerating the energy transition. Renewables are at the forefront of the effort to achieve energy independence, as the plan proposes their massive scaling up and acceleration in energy production, industry, transport and buildings. REPowerEU sets the new European binding 2030 renewable energy target at 45%, while significantly increasing renewable energy targets in the transport and industrial sectors. In order to meet the REPowerEU targets, the projected installed wind power capacity by 2030 will need to reach 510 GW (compared to 189 GW in 2021). Thus, in an indirect way, wind energy can also be used to reduce the environmental footprint of the most energy-intensive sectors.

Wind and other renewable energy sources pave the way for a fully sustainable future, for growth that is more environmentally friendly and on a human scale. We drive sustainable progress in the industry by incorporating the most innovative solutions available, optimizing energy costs and focusing on reducing our carbon footprint to have a friendlier, more sustainable future.

We won an important award for the volunteering program “Be The Hero”, through which we show solidarity and support to our fellow people.

With the Silver Award in the category "Best Employee Volunteer Communication Program", we were distinguished at the Internal Communication & Employee Engagement Awards 2024. The award is yet another recognition for the implementation of the integrated corporate volunteering program "Be the Hero".

This recognition comes just days after the Gold Award in the category "Internal Communications & Employee Engagement" at the PR Awards 2024. The Program was recognized by the Jury of the Awards for the substantial impact and benefits it provides to the participating employees of the company.

Values that guide us

Our company's corporate volunteering program is based on our values for the overall care of both the environment and our people. The aim of the program is to convey the sense of social responsibility to the employees. It also wishes to highlight the importance of individual and group mobilization, in creating a positive impact on local communities and the environment.

For the implementation of the program and the creation of value for local communities, we created an internal loyalty program, which rewards with additional incentives the activation and participation of employees in volunteering actions. Through actions such as attendance stickers, the possibility of shorter working hours on the day of volunteering, the personal "loyalty degree" and the annual event for "Local Heroes", we secured not only a high participation rate, but also a large number of employees who would like to participate in these actions together with their family and friends.

A lasting commitment

Every day we prove our commitment to a complete model of sustainability, both for the environment and for the everyday life of our colleagues. The corporate volunteering program "Be the Hero" is practical proof of this commitment.

• The company organized training seminars in four regions of the country for members of the Hellenic Fire Service
• The subject of the seminars was the ways to deal with a possible fire in Renewable Energy Plants

Principia actively supports the work of the Hellenic Fire Service, providing a series of free educational information seminars on the topic: "Ways to deal with fire in Renewable Energy Plants", thus contributing to the readiness and training of its executives.

The first cycle of educational informative seminars was successfully completed in four regions of Greece: Kozani (April 2023), Ptolemaida (December 2023 at the Cadet School of the Fire Academy), Grevena (March 2024) and Chalkidiki (May 2024). The seminars were attended by 250 Firefighters from the Hellenic Fire Service and 300 Cadets from the Fire Academy Schools, in order to inform them about safety issues and how to deal with a fire in a solar park.

The duration of each seminar was two hours and was carried out by experienced and trained Principia personnel. During the seminar, the participants were informed about the structure of a RES energy production park, its operation mode and the Low and Medium Voltage equipment, while the electrical hazards, the protection measures and finally the fire scenarios with the necessary response actions were presented. by visiting nearby solar parks, so that participants can see the facilities and the proposed safety and firefighting measures.

Principia's contribution to the Hellenic Fire Service spans across years, with another typical example being the joint Preparedness Exercise with the 4th Special Disaster Response Unit (4th E.M.A.K.) in October 2022, which was conducted at a wind turbine in Rodopi.

The company will remain a supporter of the Hellenic Fire Service, aiding in its difficult and crucial work.

Actively supporting the work of the National Fire Service, we provided a series of free informative educational seminars on "Fire Contingency Plan in Renewable Energy Sources Plants", and thus contributed to the preparedness and training of its personnel.

The first cycle of educational seminars was successfully completed in four regions in Greece: Kozani (April 2023), Ptolemaida (December 2023 at the Fire Service Cadet Academy), Grevena (March 2024) and Chalkidiki (May 2024). The seminars were attended by 250 Firefighters from the Fire Service and 300 Cadets from the Fire Service Cadet Academy. Participants were informed about safety issues and ways to deal with a fire in a solar park.

A comprehensive program

Each seminar had a duration of two hours and was carried out by our experienced and trained staff. During the seminar, attendees were informed about the structure of a renewables plant, its operation and the Low & Medium Voltage equipment.

Additionally, electrical hazards, protection measures and finally fire scenarios, along with the relevant contingency plans were presented. The seminar ended with a visit to nearby solar parks, so that participants could see up close the facilities and the proposed measures for safety and firefighting.

Continuous commitment

Our contribution to the Fire Service has been for us a steady commitment. Another example of this, is the joint Evacuation Drill with the 4th Special Disaster Response Unit (E.M.A.K.) in October 2022, conducted at a Wind Turbine in the Rhodopes.

Our company will continue to assist the Fire Service, supporting its difficult work, that is crucial work in civil protection. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with these actions falling under SDG 15 - Life on Land and SDG 17 - Partnerships for the Goals.

We designed and implemented an integrated program for the Health and Safety of employees at the solar park "Perasma" in Kozani. With over 400,000 man-hours without accident, we were distinguished for the effectiveness of the program.

At the recent Health and Safety Awards 2024, we were distinguished as "WINNER" in the category "Renewable Energy Sources". The award recognized the development, implementation and monitoring of the Health and Safety program we created for the construction project of our solar cluster "Perasma", in Kozani.

An effective project

Based on our value of caring for our employees and partners, we created an integrated Health and Safety plan. Its main goal was guaranteeing the absolute safety of all employees who participated in the implementation of the construction of the solar park "Perasma" in Kozani. To ensure the effectiveness of the project, we developed and implemented international standards and best practices on safety issues in all project activities, with strong commitment from the management of all stakeholders.

At the same time, we proceeded to further inform and train our contractors and subcontractors both at the beginning of the project and throughout its duration, we carried out daily health and safety inspections, we implemented programs to reward employees with good performance in H&S issues and we created comprehensive information campaigns regarding the various risk categories.

Firm commitment to safety

The result of this multi-month action plan was the achievement of 400,000 man-hours, without any work accidents during the construction of the solar park "Perasma" in Kozani.

The Health and Safety program we have developed is yet another instance proving our firm commitment to achieving sustainability at every level of our business. This year's award follows last year's distinctions in the categories "Renewable Energy Sources" and "Innovation in Health and Safety issues". At the same time, we continue organizing initiatives that promote the value of safety, in various aspects of daily life, for our employees and society as a whole.

June 5th is a day dedicated to our environment, as established by the United Nations. This year's World Environment Day focuses on #GenerationRestoration, inviting societies, organizations and companies to contribute with all their forces in this direction.

For all of us, at Principia, the word environment is an integral part of our activities as we produce friendly, green energy from renewable sources and at the same time contribute to both the reduction of carbon dioxide emissions and the protection of the environment. 

This year, on the occasion of World Environment Day, the restless volunteer team of our employees - in the framework of the award-winning corporate volunteering program "Be The Hero" - decided to put into practice this UN motto, by cleaning Lomvarda beach in South Attica.

By collecting a large volume of waste and materials to be recycled, such as plastic bottles and aluminum packaging, our volunteers contributed to the remodeling of the natural environment of the area. A total of 5,500 liters of waste were collected in a long-suffering area, which especially during the summer months is visited by many people.

Consistent for another year

Following the cleanups in the mountainous area of Parnitha in 2022 and in the wetland of Vravrona in 2023, our volunteers once again proved their sensitivity to environmental issues. The aim this time was to breathe new life into the bay located in South Attica and send a strong message about the importance of protecting the environment and biodiversity. It is worth noting that in the three symbolic cleaning actions, a total of more than 12500 liters of waste and debris have been removed.

An effective alliance

Together, we achieve more. That's why we partnered for the third year with "Save Your Hood", which empowers initiatives and gives citizens the means to act by providing common ground where everyone can express their ideas and concerns and empower each other for healthier and more sustainable neighborhoods. Just in Greece,  more than 52,000 volunteers of the movement have managed, within 3 years, to collect more than 11 million liters of garbage in a total of 289 municipalities.

Our firm commitment is to protect the environment

At Principia, we have a firm long-term commitment to the protection of the environment and this year the reforestation of Kastanologgos on Mount Ochi, in South Evia, in the wind farm array "Kafireas", is completed and delivered to the local community, giving new life to 640 hectares of forest, which corresponds to 90 football fields. In total, since 2017, we have planted 99,194 trees and plants covering a total area of 1,127 acres.

Our Creating Shared Value (CSV) initiatives are fully aligned with the 17 UN Sustainable Development Goals. This activity is part of Goals 15: Life on Land & 17: Partership for the Goals

We undertook the study of energy needs in Mavrodendri, Kozani and implemented a three-fold program, through which residents received personalized support to improve their quality of life.

We actively support local communities in the areas where we operate, contributing steadily to local cultural events and social programs. In this way, we demonstrate our commitment to the holistic development of each region, as well as the creation of mutual value.

In this context, we implemented the program "Energy Poverty - Identification and addressing of energy needs", for the community of Mavrodendri Kozani. Nearby, there is the Perasma Solar Cluster, with a total capacity of 95 MW, which will contribute significantly to the country's energy transition.

An innovative program

The aim of the project, implemented in collaboration with the Bioeconomy and Environment Cluster (CluBE) of Western Macedonia, was to investigate the phenomenon of energy poverty in Kozani. The area of Mavrodendri was chosen as it is located both in the coldest zone of the country and in the center of the energy transition.

The three stages of the initiative

The project was implemented in three phases. Initially, a detailed survey was carried out, in which the residents participated, in order to record the energy needs of the community. The data collected provided important information on the socio-economic status and energy consumption patterns of households in the region.

The company then used the survey data and created a roadmap for households and local authorities to effectively tackle energy poverty.

Practical applications

At the same time, for the most substantial support of the local community, a one-stop shop was created and staffed. The service offered interested parties personalised advice on energy efficiency and upgrading buildings.

At the same time, residents had the opportunity to be informed about the available financial tools regarding the implementation of energy upgrades in their homes. The installation of solar panels or battery systems, as well as the improvement of heating and cooling systems, are recommended solutions in this field.

This is the only structure in Greece designed to facilitate two-way communication between citizens and experts, promoting sustainable energy practices.

Meaningful support to local communities

The initiative is part of our strategy to empower local communities in all areas where we operate. More specifically, in the area of Kozani, we implemented the Vamvakies Social Green Project. The program aimed to support entrepreneurship and empower citizens of Kozani to develop careers in the food industry. At the same time,  a group of women cultivated aromatic plants in our solar park in Vamvakies. Women were supported to become micro-entrepreneurs, market these original products and earn a significant income.

We demonstrate daily our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's lives. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this program being part of SDG 4 - Quality Education, SDG 11 - Sustainable Cities and Communities, and SDG 12 - Responsible Consumption and Production.

• The company undertook the study of the energy needs in Mavrodendri, Kozani through a three-stage program.
• Residents received personalized information and technical information on energy efficiency and the available financial tools to improve their quality of life.

Principia, in the context of actions in the local communities where it operates, completed the program "Energy Poverty - Identification and Addressing Energy Needs", which it implemented in collaboration with the Bioeconomy and Environment Cluster (CluBE) of Western Macedonia. The aim of the project was to investigate the phenomenon of energy poverty in Mavrodendri and the wider area of Kozani. The area was chosen as it is located both in the colder zone of the country as well as in the center of the energy transition, in order to implement this innovative program, in three stages.

More specifically, in the first phase, a detailed survey was carried out, in which the residents participated, in order to record the energy needs of the community. The data collected provided important information on the socio-economic situation and energy consumption patterns of households in the region. Then, the company utilized the data of the survey and created a plan with specific actions (roadmap) for households, but also for local government, in order to effectively address energy poverty. Along with the above and for the more substantial support of the local community, a one-stop shop was created and staffed, which offered interested parties personalized advice on energy efficiency and the upgrading of buildings. At the same time, residents had the opportunity to be informed about the available financial tools related to the implementation of energy upgrades, such as the installation of photovoltaic and/or battery systems and the improvement of heating and cooling systems.

This is the only structure in Greece designed to facilitate two-way communication between citizens and experts, promoting sustainable energy practices.

Principia actively  supports local communities in the areas where it operates, consistently contributing to local cultural events and social programs. In doing so, it demonstrates its commitment to the holistic development of the region, as well as the creation of mutual value.

We organized a seminar dedicated to work-life balance for all our employees. Our long-standing commitment continues to be to support our people, both in their professional, personal and family lives.

We recently organized a series of Support Seminars, with topics that concern our people in their daily lives. Our goal is to enhance their ability to respond to different challenges by improving their mental health.

The first Seminar dealt with an issue that concerns, perhaps more than any other, the workers of modern times: maintaining the balance between personal and professional life.

The key importance of work-life balance

Achieving a work-life balance is vital to everyone's quality of life, as it enhances both mental and physical well-being. Research over the past few decades has consistently highlighted the detrimental effects of overworking and neglecting personal time.

A study by the World Health Organization (WHO) found that people who work long hours are at greater risk of developing various health problems. Work-related stress has been linked to cardiovascular disease and mental health disorders such as depression.

Experiential seminar

To analyze this issue in depth, we organized a special seminar, in collaboration with the Panhellenic Association for Psychosocial Rehabilitation and Vocational Reintegration (PEPSAEE). The instructors of the Association visited our offices for interactive sessions. During the workshop, all participants shared experiences, expressed opinions and discussed how they themselves achieve balance in their personal lives.

Then, the participants were divided into smaller groups for a series of experiential exercises on topics such as creating boundaries at work and effective, practical communication with our family environment and loved ones. In addition, case studies of employees facing difficult conditions in their daily lives were presented, with the teams undertaking to propose solutions.

In today's world, with technology enabling continuous connectivity, striking a balance between professional responsibilities and personal life has become increasingly challenging and crucial. However, it is not just a question of time allocation. By prioritizing our wellbeing, we take care of our mental health and improve our quality of life.

Our people are our compass

Principia's main priority is the development and protection of employees and in this context, in 2020 we were awarded as the best workplace in Greece at the "Great Place to Work" awards.

Through our actions for our employees, we seek to strengthen a corporate culture based on common values and goals, giving the space and resources to our people to develop their skills and personality. Our actions for the Creation of Shared Value (CSV) are fully aligned with the 17 UN Sustainable Development Goals, with this initiative being part of SDG 3: Good Health and Well-being.

Breathing new life into leftovers branding items sparks another contribution initiative

Did you know that research indicates approximately 10 million tons of textiles in America and Europe are discarded annually? Astonishingly, about 85% of produced clothes end up in landfills. Have you ever stumbled upon a pile of items no longer useful and pondered, "What can I do with these?" We at Principia did, and it propelled us on an extraordinary journey of sustainability and charity.

During our rebranding process, we faced a dilemma - what to do with the leftover branding items? This challenge initially concerned us but eventually inspired a creative solution, leading us down the path of circular economy and social contribution. In our warehouses, we found over 200 safety vests, hats, t-shirts, banners, and bags that had been utilized in various company activities. With sustainability and green development being core values of our DNA, we saw this as an opportunity to repurpose and reuse these items.

We partnered with Fabric Republic, a trailblazer in clothing management that aligns with our passion for sustainability and social needs. Together, we transformed these items into brand new accessories like scrunchies, bags, pencil cases, keychains, and wallets. It was truly inspiring to breathe new life into objects that once played a significant role in our company's history.

Creating Value Through Giving

Our journey didn't stop there. The act of giving holds special significance for us at Principia. We decided to extend our efforts beyond environmental contribution and perform an act of love for society by donating all these newly crafted items to the Chatzipaterio Children's Rehabilitation and Support Center.

The NGO then organized a special Easter Bazaar at our premises, where employees were able purchase Fabric Republic's creations. Over the years, we have supported the foundation and numerous other institutions and organizations through volunteer programs, donations, and educational activities.

An Act of Love for the Environment and Society

For us at Principia, the circular economy is not just a concept; it's an integral part of our operations. It guides us towards sustainability and green growth, urging us to reduce our environmental footprint and breathe new life into what's left. Our commitment extends beyond environmental sustainability. We believe in giving back to society and supporting those who need it most.

Our partnership with the Chatzipaterio Center is a testament to this belief. By transforming surplus products into valuable items, we were able to support their cause. Sustainable activities and practices are our priority, and creating value for the environment and society is our primary goal. Our initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this activity being part of SDG 12: Responsible Consumption and Production.

This Easter, we proved once again that we continue our commitment and acts of social solidarity, with practical support to vulnerable social groups

For Easter we collaborated with two organizations in order to rehabilitate children with disabilities, as well as to meet the needs of our fellow human beings. Thus, we showed in practice our solidarity, love and substantial contribution to vulnerable social groups.

Supporting "Chatzipaterio"

As in previous years, this Easter we carried out actions to support with the "Chatzipaterio" Center for Rehabilitation & Support of Children (K.A.S.P.), which provides special education, speech therapy and physiotherapy programs to children with disabilities.

After our volunteering action, during which we visited the Center and created gifts, made sweets and built educational toys, we donated, for yet another year, to all our employees candles to support their work. At the same time, we organized an Easter bazaar at our offices, where all employees were supplied with candles, decorations, toys and gifts.

Our employees responded to our call with enthusiasm, being present to procure the items, which had been made by the people and children of "Chatzipaterio". Through our contribution, we contribute to the strengthening of the educational and therapeutic programs of the institution.

Circular Economy for a good cause

In the bazaar, we also sold products we created by upcycling old merchandising items. The initiative was implemented in collaboration with Fabric Republic, an organization that through a surplus clothing management system, focuses on social needs, focusing on sustainable development.

We gathered bags, banners, flags, safety equipment and old clothes, and turned them into over 200 items of brand new accessories, such as pencil holders, bags, key rings and scrunchies. This initiative is a practical implementation of the principles of circular economy, while at the same time it gave us the opportunity to further strengthen our offer to "Chatzipaterio".

Long-term support to Institutions and Local Communities

These actions highlight our general series of initiatives with which we support our community.

With our initiatives, we confirm daily our commitment to actions that benefit society and local communities throughout the country. Our activities are fully aligned with the 17 UN Sustainable Development Goals, with this initiative being part of SDG: No Poverty.

• With the decisive contribution of Principia and after 5 years of procedures, the Commission registers the Greek flower honey "Kissouri Honey", as a Protected Designation of Origin (PDO)

The decisive contribution of Principia to the local community of South Evia was recently recognized with the registration of the Protected Designation of Origin (PDO) for "Kissouri Honey" by the European Commission.

The project "Support of the Beekeeping Association of Karystos for the registration of the name "Kissouri Honey" in the Community Register of Protected Geographical Indications", was commissioned and financed by the company in January 2019 and concerned the Association which is the only body that has the right to submit the relevant registration request. Five years later, the competent EU body certifies the flower honey produced in the wider area of Karystos as a Protected Designation of Origin.

"Kissouri Honey" is the autumn heather honey which is produced in the area of Karystia by bees that harvest the flowers of the purple heather (Erica manipuliflora) that grows in the area. It is presented in liquid or crystallized form, its taste is slightly bitter, its color is dark with red-copper shades and its aroma is intense and long-lasting.

The PDO designation not only proves the origin of the product, but also sets it apart from the competition, highlighting its unique quality and providing consumers with the certainty of its authenticity. With the product being legally and financially protected, local producers have the opportunity to further develop their business activity through beekeeping.

Referring to the recent performance of the PDO in "Kissouri Honey", Eugenia Melea, Chief People, Culture & Sustainability Officer of Principia, stated: "We are proud that the product is registered with a Protected Designation of Origin. Our company has been active in the region of South Evia with targeted social actions since 2017, seeking to strengthen and empower local communities. The PDO rendering of "Kissouri Honey" is for us the real fruit of our efforts in the region. We see this achievement as an opportunity for the recovery of local honey production, but also a real support for the families who depend on it."

With our crucial contribution and after 5 years of procedures, the European Commission registers Greek flower honey "Kissouri Honey" as a Protected Designation of Origin (PDO).

Our decisive contribution to the local community of South Evia was recently recognized with the registration of the Protected Designation of Origin (PDO) for "Kissouri Honey" by the European Commission.

The project "Support of the Karystos Beekeeping Association for the registration of the name 'Kissouri Honey' in the Community Register of Protected Geographical Indications", was commissioned and funded by the company in January 2019. It concerned the Association, which is the only body that has the right to submit the relevant registration request. Five years later, the competent EU body certifies Kissouri honey as a Protected Designation of Origin. The honey is produced in the wider area of Kafireas, our largest wind farm in Greece.

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"We are proud that the product is registered with a Protected Designation of Origin. Our company has been active in the region of South Evia with targeted social actions since 2017, seeking to empower the local communities. The registration of PDO in "Kissouri Honey" is for us the real fruit of our efforts in the region. We see this achievement as an opportunity for the recovery of local honey production, but also a real support to the families that depend on it."

— Eugenia Melea, Chief People, Culture & Sustainability Officer at Principia

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PDO Designation for a special product

The "Kissouri" honey is the autumn heather honey produced in the region of Karystia by bees that harvest the flowers of the purple heather (Erica manipuliflora) that grows in the area. It is presented in liquid or crystallized form, its taste is slightly bitter, its color is dark with red-bronze shades, and its aroma is intense and long-lasting.

The PDO name not only proves the origin of the product, but also sets it apart from the competition, highlighting its unique quality and providing consumers with certainty of its authenticity. With the product being legally and financially protected, local producers have the opportunity to further develop their business activity through beekeeping.

Our support towards this effort confirms our commitment to initiatives for the sustainable development of local communities, in all regions of Greece where we operate. Our initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this activity being part of SDG 8: Decent Work and Economic Growth.

We were distinguished at the PR Awards 2024, highlighting once again our commitment to a model of sustainable development of local communities.

Principia was honored with the Gold Award in the category "Internal Communications & Employee Engagement" at the 2024 PR Awards. The company was distinguished for the implementation of the integrated corporate volunteering program "Be the Hero", which places employees and the fundamental principle of social contribution at the center of our activities.

The "Be the Hero" program

Based on our commitment to creating value, the program, implemented since September 2022, aims to create a positive impact on local communities and the environment and inspire a sense of social responsibility in our people.

In this context, the "Be the Hero" program encourages employees to become the everyday heroes that local communities need, and to discover the value that social contribution and solidarity can offer, through simple daily acts of volunteering.

Our activities

According to Harvard Business Review, research shows that volunteering has a more pronounced effect on participants when they feel that the time they spend and the effort they put in, contribute to tackling a problem. "Be the Hero" encourages personal, tangible contribution, in conditions where volunteers come into immediate contact with the issue and can help, both individually and in groups, in a direct and meaningful way.

Thus, we launched our initiatives in September 2022, preparing and distributing 1,000 portions of food to homeless people in the center of Athens. Our actions continued with the volunteering cleaning in Parnitha and Vravrona, collecting thousands of liters of waste.

We also supported the Chatzipaterio Center for Rehabilitation & Support of Children and organized voluntary blood donation for our employees. At the same time, faithful to our commitment to social contribution, every Christmas, we stand by vulnerable fellow citizens, in the areas where we operate, delivering food and necessities to institutions and organizations throughout Greece.

Rewarding effort

For the implementation of the program and the creation of value for local communities, we created our own voluntary loyalty program, which rewards with additional incentives the activation and participation of employees in volunteering actions. Through actions such as attendance stickers, the possibility of shorter working hours on the day of volunteering, the personal "loyalty degree" and the annual event for "Local Heroes", we have secured not only a high participation rate, but also a large number of employees who would like to participate in these actions together with their family and friends.

Impact on society and the environment

"Be the Hero" is practical proof of the company's systematic investment in corporate responsibility and creating a positive impact on society. With a presence in 26 prefectures of the country and supporting cultural, social and sports initiatives annually in local communities where we operate, we respond to the needs of social groups and demonstrate our commitment to prosperity and sustainable development.

With the ability to manage the installed capacity from our plants, our Control Room is one of the largest and most modern of its kind. We proudly present our innovative Control & Monitoring Room, which is a first in the Greek renewables sector.

Our Control & Monitoring Room is located in Athens and is staffed by trained professionals, including specialized engineers and data analysts. Here the control of all critical parameters for the operation of our RES plants in Greece is carried out in real time, as is detection and malfunction repair coordination. The Room literally operates “24/7” (365 days a year, 24 hours a day, 7 days a week), thereby ensuring the smooth operation of the plants and, by extension, the company.

The Control & Monitoring Room’s team can monitor and remotely manage the plants. This means that a large percentage of malfunctions can be solved immediately, with the optimal use of technology. These capabilities are an integral part of the operation of the projects. This is at a time when the modern energy market has introduced new requirements in the coordination between energy production and energy management.

Big Data

At the same time, the system receives more than 300,000 signals. These can refer to: power output, temperatures, sunshine percentage, gusts of wind, etc. All this information is stored in a central database. The annual amount of data is so large that, were it a book, it would be 63 million pages long! The analysis team at our Control Room has big data analytics systems at its disposal and develops algorithms that are constantly running to support the maintenance team. In this way, malfunctions are prevented, and production is optimized.

The journey of our continuous innovation and digital solutions continues. Over the years we have developed infrastructure and equipment, together with the specialization and the know-how of our people. And now we can offer greater automation through the Control & Monitoring Room.  As a global leader in the production of green and sustainable energy from renewable sources, we are already laying the groundwork for the future of energy.

We organized a Team Building day for all our employees, joining our forces to introduce our new Vision and to welcome the new era of our company, all together.

One day after the official launch of Principia's new name and corporate identity, we all got together and got in touch with the company's new Vision, Mission and Values. At the same time, we were informed about the new brand guideline through specially designed experiential activities.

One day for all employees

We welcomed our employees from all over Greece in a specially designed area. To welcome the company's next day, we gave each employee a personalized gift: a backpack with their name on it, which contained stationery, a reusable bottle and a safety vest, all with the Principia logo.

At the beginning of the event, Aristotelis Chantavas, CEO of Principia, gave a greeting giving a taste of what is to come. Then, the new brand of the company was presented in detail, in all its applications, both in materials that are part of everyone's everyday life, as well as in the promotion of the company in print and digital media.

Hands-on activities

The follow-up to the meeting focused on the company's new Vision: Empowering a Sustainable Tomorrow. Based on our vision, we talked about the values that govern our company, and the mission that guides our every step. To emphasize the importance of teamwork, cooperation and trust, in each of our activities, we divided the participants into groups and assigned them a "mission".

The teams were asked to create improvised printed material for the company, film a humorous video for social media, and create a business proposal for a new product. All participants had to work quickly and efficiently, with team spirit but also with personal touches, to achieve their goal. The results were presented to the entire audience and were impressive, receiving the reward and positive comments of all.

New brand at our office

On Wednesday, April 3, 2024, we presented Principia, the new company that resulted from the sale of 50% of Enel Green Power Hellas to Macquarie Asset Management. The company has been active since 2008 as part of Enel Green Power in Greece.

To present Principia's new corporate identity, we organized an event for stakeholders, institution representatives and production partners of the company. The main shareholders of the company, the Minister of Environment & Energy, Theodoros Skylakakis and the Minister of Development, Konstantinos Skrekas, were present.

"Progress requires new knowledge and a willingness to question even what works successfully, in order to give birth to new things that will bring us one step closer to the future.. For more than 15 years, we have forged our own path in Greece, having been at the cutting edge of the energy transition that is a necessity and a strategic goal throughout Europe. We are now moving forward as Principia, even stronger and more determined, inspired by the great heritage of the company, guided by our principles and values and aiming to make Greece's energy transition a reality, focusing on people and local communities."

— Aristotelis Chantavas

The event began with "O sole mio" ("My sun") an Italian Neapolitan song, performed by a tenor and two sopranos, taking us on a journey to Italy and thus honoring the origins of Enel. Apart from the Ministers, the event was welcomed on behalf of the two shareholders by Eric Bjonerud (President, Principia BoD & Managing Director, Macquarie Asset Management) and Roberto Deambrogio (Executive Vice President, Enel), while CEO Aristotelis Chantavas set the tone for the new era in his speech. The name was revealed by talented dancers who with rhythm and mastery conveyed the new values, the new vision and the new mission. In turn, Head of Communication Konstantinos Efraimidis with the help of BBDO Group's creative team explained what lies behind the choice of name and logo. Presenter Maria Sarafoglou moderated the event.

Towards a sustainable future

Our vision is to create a sustainable future. Our mission is to accelerate the energy transition towards a green and clean model of renewable energy production. Principia will be an example of an organization creates value far greater than the sum of its parts. Thus, we will establish new principles for energy production with absolute respect for nature, completely friendly to mankind. The foundation of this vision was the work "Philosophiae Naturalis Principia Mathematica", by Isaac Newton. By establishing the principles of physics, Newton inspired the world to be reborn and progress.

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"As the world's largest infrastructure asset management company, we actively support the businesses we have invested in to grow and make a positive contribution to the local communities where they operate. Principia is no exception. The company's team has been at the forefront of renewable energy development in Greece for more than 15 years, and we are excited to start this next chapter together. By combining our capabilities, we aim to support Principia in implementing its ambitious investment plan and, ultimately, contribute to Greece's efforts for decarbonization."

— Eric Bjonerud

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Driving the green transition

Our logo is the circle that symbolizes eternity, wholeness, unity and continuity. For Principia, the circle is the point from which energy emanates to give life and fulfil the needs of mankind. However, it also represents the planet, which we must protect with all our might.

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""It is with great pleasure that we embark on a sustainable journey together with MAM, with a new corporate identity that expresses a rapidly growing company with a central role in Greece's energy transition. Through Principia, we will work continuously for the benefit of all our partners in the country, but also for its green footprint as a whole."

— Roberto Deambrogio

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• The new name and corporate identity of the company with joint shareholders, Enel SpA and a fund managed by Macquarie Asset Management was presented.
• With its new structure, Principia will continue to lead energy developments, help accelerate the country's green transition and expand its business into innovative solutions such as storage and hybrid projects.

Principia is the name of the new company in the renewables industry, established by shareholders, Enel SpA and a fund managed by Macquarie Asset Management, having previously begun operations in 2008 as part of Enel Green Power in Greece.

The new name and corporate identity of Principia was officially presented at an event for stakeholders, institutional and operational partners of the company, in the presence of its main shareholders, the Minister of Environment & Energy, Theodoros Skylakakis and the Minister of Development, Konstantinos Skrekas. 

With a vision to create a sustainable future and a mission to accelerate the energy transition towards a green and clean model of renewable energy production, Principia will be an example of a partnership that creates value far beyond the sum of its parts.  

Principia is here to establish new principles for energy production, with absolute respect for nature and completely friendly to mankind, just like the work "Philosophiae Naturalis Principia Mathematica”, by Isaac Newton, which set the fundamental principles of physics and inspired the world’s renaissance and forged the path to progress. 

The emblem of the new company is a circle which depicts perfection and symbolizes eternity, completeness, unity and continuity. For Principia, the circle is the point from which energy emanates to give life and meet every human need, but also the planet that we must protect with all our might. With a firm commitment to environmental sustainability, sustainable development and clean energy solutions centered on mankind, today Principia is laying the foundations for tomorrow's energy. Driven by new knowledge, the new company will continue to lead the country’s energy transition by developing its projects and expanding its focus towards innovative technologies, such as battery solutions, that will shape the future of renewables. 

The CEO of Principia, Mr. Aristotelis Chantavas, said: “Progress requires new knowledge and a willingness to question even processes that operate successfully, in order to create something new that will bring us even closer to the future. For more than 15 years we have written our own chapters of special history in Greece, being at the cutting edge of the energy transition that today is a necessity and a strategic goal throughout Europe. We are now moving forward as Principia, even stronger and more decisive, inspired by the great heritage of the company, guided by our principles and values and aiming to make Greece's energy transition a reality, focusing on people and local communities. Principia envisions a future in which human activity is powered by clean energy from renewable sources, ensuring not only environmental sustainability but also our energy security and independence.”

The representatives of the shareholders also spoke about the importance of this business development. Specifically, Eric Bjonerud, President of the Principia BoD and Managing Director at Macquarie Asset Management, said: “As the world’s largest infrastructure asset manager, we’re committed to actively supporting businesses we’re invested in to grow and deliver positive outcomes for the communities in which they operate. Principia is no exception to this. The team have been at the forefront of renewables deployment in Greece for more than 15 years and we’re excited to be embarking on this next chapter together. By combining our capabilities, we aim to help Principia deliver its ambitious pipeline of projects, and ultimately, help support Greece’s decarbonisation ambitions” while Roberto Deambrogio, Executive Vice President at Enel, said: “We are thrilled to embark on a highly sustainable journey with MAM under this new corporate identity, expressing a growing and evolving company which is playing a pivotal role in the energy transition in Greece. Through Principia, we will work relentlessly for the benefit of all of our stakeholders in this country and of its green footprint as a whole.”

With 59 wind, solar and hydroelectric plants in operation and 7 solar parks under construction, Principia produces green energy with an installed capacity of 577 MW, enough to cover the annual needs of more than 300,000 households.

You may learn more about Principia by visiting www.principia-energy.com, as well as the company’s profiles on LinkedIn and  Facebook.

On December 3^rd, the International Day of Persons with Disabilities (IDPD), we organized an event that focused on "Disability: Inclusion, Familiarization, and Activation." This entailed listening to the stories of three remarkable people.

The International Day of Persons with Disabilities (IPPD) is observed every year on December 3rd and it was established by the UN General Assembly in December 1992. According to the World Health Organization (WHO), about 15% of the world's population lives with some form of disability, and the employment rate for people with disabilities tends to be lower than that of the general population in many countries.

A just energy transition

At the same time, the company is fully committed to a just energy transition, in which equal opportunity and inclusion are fundamental. Building the world of tomorrow means enabling the coexistence of all cultures, ages, skills and abilities, as well as encouraging a corporate culture of diversity and equality. Through the company’s business activities and initiatives for a more sustainable future, everyone at the company shows their responsibility, not only to the environment, but to the community, their fellow human beings and the next generations.

In order to further enhance its focus on equality for everyone, and to create awareness of this important social issue, the company invited Chrysella Lagaria, Angelos Pentaris and Christiana Tambouratzi to its offices in Athens for a frank and open discussion about the lives of persons with disabilities. 

Personal stories

The three speakers at the event talked about their personal stories and the challenges they face in their daily lives. Chrysella Lagaria has been blind since birth and works for the integration of people with partial or total vision loss. She is the co-founder of Black Light, a business that focuses on inclusion. Angelos Pentaris, who was diagnosed with cerebral palsy and quadriplegia at the age of just four months, went on to make his dream come true when he managed to study music and become a drummer. Christianna Tambouratzi, on the other hand, is the mother of two children with disabilities who follow therapeutic programs at the Hatzipatereio Center for Rehabilitation and Support of Children.

The speakers shared their own personal experiences, discussing their daily efforts to overcome obstacles and discrimination, but they also talked about the importance of informing everyone about disability and its conditions, and the need for all of us to understand that we are part of the same civil society in which respect and equality are essential.

Building bridges

"Our society struggles to absorb the fact that we don't all have to be the same in order to fit in. Our goal is to build bridges between people, both blind and sighted, in order to create a more inclusive world for everyone. We invite everyone to provide job openings and to include blind people when designing products and services. What is happening today should only be the first step towards change," said Chrysella Lagaria, while Angelos Pentaris added: "The goal is for everyone to understand that having a disability does not mean being afraid, and to change the perception of some people that disability equals weakness. When we share what we have experienced with other people, we hope that they will not only be empowered by our stories, but that they will also understand that they can build a life they love to live." Last but not least, Christiana Tambouratzi emphasized that “We can all make our own effort for children with disabilities, not only those of us who live with them in our homes. Any one of us could be in my position."

Creating Shared Value

In 2022, the company became the first renewable energy company in Greece to sign the European Union Diversity Charter. It is also supporting organizations such as the Hatzipatereio Center, and it is helping table tennis player George Mouchtis in his bid to qualify for the 2024 Paralympic Games in Paris. The company is continuing, in every way, to actively promote the elimination of discrimination in the social environment. These initiatives are fully aligned with the UN’s 17 Sustainable Development Goals, and the initiative for the International Day of Persons with Disabilities is part of SDG 10: Reduced Inequalities.

With #GreenRunningTeam, the largest "green" corporate team, we ran in the Authentic Athens Marathon, in the 5km race.

Our Green Running Team was actively involved in the 40th Athens Authentic Marathon, which took place on Sunday, November 12, 2023. This time, more than 50 employees of the company ran in the 5 km race, while one of our employees took part in the complete 42 km Authentic Marathon.

A great tradition

Following  its successful involvement in the 39th Athens Authentic Marathon and  the Athens Half Marathon in March 2023, the green team was once again present at the city's great running celebration. It is, of course, fitting that the Marathon takes place in Athens as it is the birthplace of this famous race. The first modern Olympic Games were held in Athens in 1896 and the Marathon is based on the legend that in 490 B.C. the messenger Philippides ran 22 miles (42 km) from Marathon to Athens with the news of victory over the Persians.

A team committed to universal values

Moving forward 2,500 years, in November 2022, 14 Marathon runners from 12 countries took part in the 39th Athens Authentic Marathon, while 76 employees from Greece ran in the 5 and 10 kilometer versions. In March 2023, the Green Running Team also entered the Athens Half Marathon, running for a good cause, as part of the company's participation fee was donated to support EXELIXI ZOIS’s educational programs. This organization, whose name means “Life Evolution” in English, helps children between the ages of 12 and 17 who live in both private and public institutions. By law they are obliged to move out at the age of 18, and EXELIXI ZOIS endeavors to prepare them for adult life with programs that focus on education, sports and culture. This is in line with two of the UN’s 17 Sustainable Development Goals, namely, SDGs 4 (Quality Education) and 8 (Decent Work and Economic Growth). This time, we ran the 5 km route and, after crossing the finish line, we gathered at the Kallimarmaro Stadium to applaud all the runners who, with their effort, confirmed the ideals of sport, meritocracy and fair play.

Creating value

As a leader in the renewable energy industry, we show our commitment to a sustainability model based on targeted actions with a significant impact on people's daily lives. Our initiatives are fully aligned with the afore-mentioned UN Sustainable Development Goals, and not just “Quality Education” and “Decent Work and Economic Growth.” The Marathon is particularly relevant to Goal 3: “Good Health and Well-being.”

Since 2008, in all our activities in Greece, our first priority is always the absolute safety of all involved. We have implemented a comprehensive health and safety program, which we recently enriched with a seminar on safe and eco driving.

We commit to our safety program, pay attention to detail and focus on achieving our objectives in key aspects of our daily activities, in order to cover all possible scenarios in our professional and personal lives. This commitment has proven successful in many ways, as our initiatives have recently been recognised with some very important distinctions: In the Health and Safety Awards 2023, we received awards in the categories "Renewable Energy" and "Innovation in Health and Safety", as we completed ten years with zero accidents.

Our effort to promote safety in every aspect of our activities continues. To that end, we recently organised a series of seminars on safe and eco driving.

Safety on the road, under any condition

As transportation and driving to and from our plants throughout the country is an essential part of the work of our staff throughout Greece, the provision of specialized relevant training is an initiative of great importance. Thus, in collaboration with the Driving Academy, we offered all our employees a series of seminars and practical training, which aimed to familiarize participants with techniques for safer but also more economical and environmentally friendly driving.

The first part of the training was theoretical and covered topics such as preventive driving, hazard recognition and avoidance, proper braking, blind spots, suggested techniques and useful tips for dealing with dangerous conditions such as rain and fog. Finally, the theoretical training analyzed ways of economical driving and the benefits of modern technologies, such as electrification and the use of hybrid vehicles.

Then, everyone had the opportunity to practice the various techniques, driving on a specially designed track, at the Safe Car Driving Center, just outside Athens. The participants carried out a series of exercises, with increasing difficulty, on dry and slippery roads, covering all the difficult conditions and unforeseen obstacles they may encounter while driving on the road network.

Innovation and education

With prevention in mind, we undertake the design and development of systems to take precautions against risks, applying protection measures and evaluating them continuously. We prioritize raising employees' awareness on the vital importance of health and safety, as well as protecting the environment. At the same time, we developed the "Open Safety Project" initiative with employee visits to facilities of other sectors, aiming to determine the best practices in health and safety.

We also monitor the proper implementation of the company's health and safety program through digital tools and applications, while with the contribution of technology we have established direct and real-time monitoring of contractors' performance in our plants, on relevant issues.

Through the use of innovation and training, we add to our effort for safety, without accidents. With initiatives such as safe driving seminars, we equip our people with valuable tools and knowledge, help cultivate a comprehensive safety culture and reaffirm our long-standing commitment to providing a safe working environment for all.

We demonstrate daily our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's lives. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this activity being part of SDG 3: Good Health & Well-being.

This year, more than 600 children and young people participated in our innovative educational program "Energy on the Go", approved by the Ministry of Education.

Our innovative educational program “Energy on the Go” has been underway since 2014 and aims to raise young people’s awareness of sustainable development and the circular economy. It also highlights the importance of renewable energy sources (RES) for both the present and the future of our planet. The program, approved by the Ministry of Education for the past eight years, introduces students to the world of the green transition and sustainable practices. Thus, it enables them to understand complex concepts, but also to become environmentally aware citizens.

Another successful year for the program

During the 2022-2023 academic year, our team of volunteers made visits to public and private schools in Athens to carry out the program. The educational activities covered topics such as sustainability, the circular economy, energy efficiency and differences between renewable and conventional energy sources.

About 600 students from Athens, Thessaloniki and Komotini had the opportunity to participate and get to know the world of green energy and the circular economy in a fun way, but also to become more informed about environmental issues. Since 2014, more than 3,000 young people have participated in the program.

Educational initiatives throughout Greece

Schools from Thessaloniki and Komotini chose to visit our wind farm, “Monastiri II” in Thrace. With the help of our engineers, students had the opportunity to see up close the operation of the wind turbine but also to learn how air is "converted" into energy.

On the occasion of World Wind Day on June 15th, we organized activities in collaboration with the Hellenic Wind Energy Association (HWEA), near our plants in Karystos and Alexandroupolis. The children and young people who participated had the opportunity to learn about the value of renewable energy sources (RES) in their daily lives, through the “Energy on the Go” program and printed material.

Konstantinos Efremidis, Head of Communications, said: “The innovative Energy on the Go educational program gives us the opportunity to explain to the younger generation the value of using energy from renewable sources, the importance of the circular economy in our daily lives and the protection of biodiversity. What makes Energy on the Go stand out is its unique approach to environmental education, combining hands-on learning and knowledge with innovative teaching methods. In this way, we pave the way for a greener future for the next generations.”

Sustainable development in focus

Sustainability is the driving force behind our business model and growth. We’ve designed a strategy that continuously implements sustainable actions and practices to create shared value with the communities where we operate, while remaining committed to our business goals.

Energy on the Go is part of these practices, bringing added value to the school community.  Through the program, we add to the education of students, providing them with up-to-date knowledge. With this initiative, we aim to create a greener planet for future generations and pave the way to the green transition.

Every day, we demonstrate our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's daily lives and especially on the future of young people. Our initiatives are fully aligned with the 17 UN Sustainable Development Goals; this program is part of SDG 4: Quality Education.

Volunteering, according to recent research, has a decisive and particularly important impact on well-being in the workplace, while also contributing to society as a whole.

Our "Be the Hero" program highlights the importance of volunteering, as well as its many benefits for our mental health and our lives as a whole.

Volunteering activities of substance

On September 29 2022, as part of both the International Day of Awareness of Food Loss and Waste and our new "Be the Hero" program, we organized a special activity. Our volunteer team, in collaboration with the NGO Love Dinner, prepared and distributed 1,000 portions of food to the homeless and needy in the center of Athens.

In November of the same year we organized a voluntary clean-up activity in Parnitha, in collaboration with the "Save Your Hood" movement. On that occasion we collected over 4,000 litres of waste and rubble covering an area of about 3,000 square meters.

And, as part of our commitment to social contribution, during the Christmas holiday season we helped our most vulnerable fellow citizens in the areas where we operate. More specifically, we collected almost a ton of food and delivered it to institutions and organizations in Athens, Alexandroupolis, Kozani, Evia and Patras.

Our activities continued in 2023 because, for all of us, volunteering is a way of life. We visited the "Chatzipaterio" Children's Rehabilitation & Support Centre (K.A.S.P.). There, we joined the children in creating special busy boards, making Easter candles and baking pastries, sharing love and offering support.

Protecting the environment is one of the key pillars of our strategy. True to our commitment to developing sustainable practices, we carried out another clean-up initiative in the area that surrounds the Vravrona wetland, one of the most important in Attica, part of the Natura 2000 network. Our team of volunteers, along with their kids, started cleaning up the area around the wetland, and by collecting a large amount of waste and recyclables, such as plastic bottles and aluminum cans, we significantly contributed to the reshaping of the natural environment.

Our efforts are ongoing and diverse, which is why our latest volunteering activity reinforced the most important value of all: saving lives. We organized a blood donation drive in our offices, which was met with enthusiastic participation by our people.

Employees as Heroes

Through these actions, we strive to become "heroes" in everyday life, enhancing social solidarity through initiatives that contribute to the common good. We show in practice, at every opportunity, our solidarity, support and spirit of giving to those in need. This is also evident in the informal reward system that has been set up internally. Through this, we all have our own personalized board on which we place reward stickers every time we take part in a volunteering activity. Those who collect the most stickers during the year will be the heroes of the city!

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's lives. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with our voluntary program being part of SDG 2 - Zero Hunger, SDG 4 - Quality Education, SDG 10 - Reduced Inequalities, SDG 15 - Life on Land and SDG 17 - Partnerships for the Goals.

We welcomed a group of students from the Department of Electrical and Computer Engineering of the National Technical University of Athens to our Martino Wind Park in Fthiotida.

For several years, we’ve been implementing a series of programs – such as "Energy On The Go" – aimed at informing and educating young people about the principles of sustainable development, the circular economy, innovation and renewable energy sources (RES). 

Recently, we welcomed more than 40 students from the School of Electrical and Computer Engineering at the National Technical University of Athens (NTUA) to our Martino Wind Park. The students are members of the Power & Energy Society of the Institute of Electrical and Electronics Engineers in NTUA, whose main pillar is scientific knowledge in the field of energy, climate change and renewable energy sources.

A future in renewable energy

During their visit to our wind park, the students were given a tour of the facilities and learned about the operating and maintenance procedures at the plant. Then, they saw the operating mechanisms of a wind turbine up close, and talked with our engineers about technology sector developments and innovations in storage, hybridization and repowering. 

Finally, they discussed job prospects in energy companies with our executives and the steps they should follow to start a successful career in the field of renewable energy sources. The industry is growing rapidly, both in Greece and around the world, and today's students are the ones who will take part in the green transition in the coming years, achieving new technological advances and implementing new innovative solutions for a more sustainable future.

Educational initiatives

This is part of our educational initiatives that aim to bring young people closer to green energy. Since 2014, we’ve been implementing the educational program "Energy On The Go", with the approval of the Ministry of Education and Religious Affairs. It’s an experiential learning program that aims to raise students’ awareness of the principles of sustainable development, renewable energy sources and their applications in everyday life.

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's lives and especially on the future of young people. Our actions for the Creation of Shared Value (CSV) are fully aligned with the 17 UN Sustainable Development Goals, with this initiative being part of SDG 4 - Quality Education

We celebrated Global Wind Day 2023 with two special sports activities for youngsters that focused on physical exercise, mental well-being, awareness about wind energy and exploring the natural environment near our wind farms.

According to its official website, Global Wind Day on June 15 is “a day for discovering wind energy, its power and the possibilities it holds for reshaping our energy systems, decarbonizing our economies and boosting jobs and growth.” And in order to celebrate it we decided to organize two events (one a few days before, and one a few days after) near our wind farms that concentrated on outdoor activities (namely, cycling and hiking) for children and adults of all ages. And we did so in collaboration with the Hellenic Wind Energy Association (HWEA, or ELETAEN).

A breath of fresh mountain air

On Sunday, June 11, and in collaboration with Karystia’s “Anemos” Cycling Club, we organized an inter-club mountain bike competition on a specially designed track in Kontoremata, Karystos. This is near our wind cluster in Kafireas, South Evia. More than 300 children and teenagers from various clubs around the country took part in the races and special cycling tournaments. Various age groups raced around a circular track which included trunks, jumps and artificial obstacles.

On Saturday, June 17, we made a hike near the village of Aysymi in the area of our wind farm in Soros Alexandroupolis, in cooperation with "Higher than Everest".

Promoting environmental awareness

In both activities, those taking part had the opportunity to learn about the value of Renewable Energy Sources (RES) in their daily lives through our "Energy On The Go" educational program, but also through the HWEA’s printed materials. With a series of themed activities, creative exercises and books such as “Mathaino gia tin Aioliki Energeia” (Learn about Wind Energy) and "Fysa Aeraki, Fysa me" (Let the Wind Blow), young children were encouraged to play and learn more about wind energy and the decisive role of RES in the green transition.

June 15 was established as Global Wind Day by the European Wind Energy Association (EWEA, or WindEurope) and the Global Wind Energy Council (GWEC). Every day we show our commitment to a sustainability model based on initiatives and targeted actions, which benefit local communities in the areas where we operate. In this way, we ensure sustainable development while cultivating a relationship based on trust. Our activities for the Creation of Shared Value (CSV) are fully aligned with the 17 UN Sustainable Development Goals, with this initiative being part of SDG 4 - Quality Education and SDG 17 - Partnerships for the Goals.

The Health and Safety Awards 2023, which were organized for the 9th year under the auspices of the Hellenic Institute for Occupational Health and Safety, are for companies that stand out for their related performance in the workplace, as well as in the development of services and technologies that contribute to the reduction of accidents or illness and improve the quality of life of their employees.    

The health and safety of our employees is a top priority for us. At the same time, we are fully committed to sustainable development and the production of green energy in the country, while offering a safe working environment in all our activities.  

10 Years - Zero Accidents  

We received the Gold Award at the Health & Safety Awards 2023, in the "Renewable Energy Sources" category for going 10 years with zero accidents.  

We have been operating in Greece since 2008 and, despite the complexity, scope and objective difficulties for the construction and operation of our projects, our goal has always been the absolute safety of all concerned. The achievement of this remarkable result is thanks to a series of actions by the company, which has implemented a comprehensive health and safety program over the years. The program’s main pillars include: 

• The proper planning, development and implementation of systems to foresee risks, taking preventive measures and continuously evaluating them. 
• The comprehensive training of employees and contractors through compulsory sessions in order to understand the working context and the degree of risk in each area. At the same time, in collaboration with specialized bodies, we provide additional training sessions for people working in areas with increased risk. Furthermore, we implement the innovative "Contractors' Green Card" training program. This is in collaboration with SEV-IVEPE (the Institute of Industrial and Business Education & Training) for contractors' personnel, and ensures that they have adequate knowledge of health and safety issues during their employment at the company's facilities. 
• Raising employee awareness concerning the essential importance of health and safety, by building a positive culture on these issues, through various actions, such as Safety Walks. At the same time, we have developed the "Open Safety Project" initiative with employee visits to other facilities as examples of best practices in health and safety, while the "Good Performance Awards" program rewards contractors for their responsibility and compliance with safety rules at power plants.   
• Improving the monitoring of the proper implementation of the company's health and safety program through digital tools and applications. 
• The implementation of innovative programs at the company's construction sites. This includes – but is by no means limited to – an advanced employee notification system, the installation of cameras on machinery to minimize blind spots, as well as the use of telematics for the remote control of equipment. 

Awards for innovation and the implementation of advanced health and safety technological systems 

We also received an award in the "Health and Safety Innovation" category for the use of advanced IT systems that control contractors' access to power plants and mobile app tools that monitor their performance.  

The rapid development of our company, which now has 59 plants in Greece, presents a number of challenges. This is due both to the geographical location of the plants, which are often in inaccessible areas, and the implementation of maintenance and control work by contractors and subcontractors. This must be certified in accordance with health and safety legislation and internal regulations.  

We successfully addressed this need by designing and implementing digital tools for the control and approval of employees, machines and documents (the HSE Database) before entering projects that were either under construction or in operation. With the use of an automated database, it was possible to simultaneously monitor more than 2,400 employees, 960 PPE and 250 HSE documents, in real time. 

Another challenge we overcame with the help of technology was the immediate and real-time monitoring of contractors' performance in projects in terms of health and safety issues. The creation of an advanced mobile app significantly enhanced the continuous monitoring of contractors' activities to ensure their compliance with all health and safety protocols at our facilities. 

Through the use of technology, we facilitate work in order to achieve our goal of zero accidents. The two important prizes that we received at the 2023 Health and Safety Awards highlight our long-standing commitment to providing a safe and secure working environment, employing the best possible planning and advanced technology systems in order to achieve this.

February 11 is the International Day of Women and Girls in Science. As part of our commitment to this cause, we opened our doors to a group of young women and showed them the many professional opportunities offered by the flourishing energy sector.

The energy sector remains one of the professional fields with the lowest level of participation by women. Bridging the gender gap is crucial, as women are key drivers of innovation and sustainable, inclusive growth. Despite the significant steps taken in recent years, with the number of women among students at undergraduate, postgraduate and doctoral level steadily increasing, research shows that women continue to be under-represented in the technology sector, accounting for only 25% of jobs and only 3% of positions of responsibility and leadership.

For this reason, we are encouraging women to start careers in the energy sector. The International Day of Women and Girls in Science (February 11) is an opportunity for us to open our doors to women who want to get a glimpse of a professional future in the energy sector. And that is why we welcomed a group of beneficiaries of the EXELIXI ZOIS program. These girls, who have either just finished school or are taking their first career steps, were given a tour of our company's facilities. They also got to to talk to our executives and female engineers about the great professional opportunities offered by the energy and technology sector, which is enjoying dynamic growth in Greece.

State-of-the-art technology

We operate the most modern Control & Monitoring Room in Greece and we are applying new  technologies with revolutionary sustainable practices in our projects. We are a company that not only combines renewable energy with the implementation of innovative solutions, but also provides our employees with continuous training in new technologies.

This helps explain why we offer practical support for the work of EXELIXI ZOIS, and empower the residents of gated child protection facilities in their first steps as active, self-reliant and self-sufficient members of society. The young women who came to see us had the opportunity to visit the offices and Control & Motoring Room. Our executives then shared useful tips on how to handle a job interview, which nowadays largely determines whether a candidate is hired or not.

Personal experiences

During the session, female employees shared their experiences in the energy sector and talked about the difficulties and challenges they faced during their careers, as well as the unconditional support they received from the company.

In the discussion that followed, we focused on the challenges posed by the rapid technological evolution for energy companies, as well as the stereotypes that women who want to work in technology and energy – two areas still considered to be predominantly male – have to face.

We need more women in the energy and technology sector

Our company has undertaken several initiatives to empower women and encourage their development in positions of responsibility, creating an equal and inclusive work environment. One such initiative is "Her Community" in which all our female colleagues freely discuss and organize workshops with special guests on issues of concern to them. Another initiative is the "Women engineers at schools" program, which entails our female executives talking to schoolgirls about the challenges and opportunities of engineering as a profession. This is in order to show that women can also be excellent engineers and to encourage more girls to choose this career.

At the same time, we will continue to support the work of EXELIXI ZOIS by covering part of the female students' expenses for the coming academic year. We are placing a strong emphasis on technology and innovation, while also remaining committed to equality and removing barriers to the participation of more women in the sector. In actual fact, we are first RES company in Greece to have signed the EU Diversity Charter.

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's lives and especially on the future of young people. Our actions for the Creation of Shared Value (CSV) are fully aligned with the 17 UN Sustainable Development Goals, with this initiative being part of SDG 4 - Quality Education and SDG 5 - Gender Equality.

The Monastiri 2 wind farm in the Rhodope regional unit recently provided the setting for a dramatic Wind Turbine Generator evacuation drill at a height of 65 meters, involving members of our Operation and Maintenance team, the local police force and the Greek fire service.

The safety of the people who operate our plants every day is our top priority. For this reason, we carried out an innovative Wind Turbine Generator (WTG) evacuation drill at our Monastiri 2 wind farm. This is located in the Municipal Unit of Kechros, in the Municipality of Arriani, in the Rhodope regional unit. The drill was performed in collaboration with the 4th Special Disaster Response Unit (EMAK) of the Greek fire service.

The Wind Turbine Generator evacuation drill was successfully coordinated by the Commander of the 4th Special Disaster Response Unit (EMAK), Michalis Altiparmakis, with the presence and participation of both the National Center for Emergency Assistance (EKAB) unit and the Arriani Police Department. The scenario of the drill included the rescue of personnel from the wind farm’s Operation and Maintenance (O&M) team, from the 65-meter-high wind turbine saddle. Members of the Response Unit rescued employees with the use of ropes and special equipment for working at an altitude while they used special stretchers for their safe transportation on the ground.

An excellent record

At the same time, the rescuers from EMAK practiced ascent and descent with double stoppers, the use of rescue equipment, belts and position stabilizers. They were also informed about the operation and accessories and equipment of wind turbines, in order to act safely and effectively in incidents in similar conditions.

The exercise was attended by, among others, the deputy mayor of Kehros, Haseki Ali, as well as local government officials. After the end of the drill, in order to provide support to the Greek Fire Service, we responded to the relevant request and donated safety equipment to the 4th Special Disaster Response Unit (EMAK) while thanking them for their decisive contribution to the safety and prosperity of society as a whole.

At our Soros wind farm in the Evros district in Thrace, we created our first circular economy project in the country. Using scrap wood from damaged electricity poles, we’ve created a fully equipped picnic area for hikers and visitors, which, at the same time, also serves as a useful wildfire observation point.

A kiosk for sustainability

We have five wind farms in Thrace, for a total capacity of 63 MW, which are regularly checked and inspected. That’s how in 2021 we identified 13 wooden medium-voltage electricity poles that had been compromised by exposure to various natural phenomena, including damage from woodpeckers that inhabit the area. Talking with our colleagues at O&M about what to do with the old poles, we came up with the idea of building a kiosk in our Soros wind farm, in Evros. There, visitors could take a break and enjoy the beautiful view; there were no longer any picnic spots in the area as the few remaining ones had been destroyed in recent years.

What’s more, this observation point could also be used for spotting nascent wildfires. So we officially submitted a project to the municipal council and the authority responsible for local parks and, once it had been approved, we hired a construction firm to build the picnic area with a kiosk, tables, benches and other amenities. The leftover wood was donated to local livestock farmers who used it to reinforce their animal enclosures. We opened the new area in May and it was warmly welcomed by the local residents, who will benefit most from it.

Operation “Win together”

In short, the initiative we developed at the Soros wind farm has produced numerous positive results. First of all, the local community now benefits from a picnic area that had been needed for some time and that can also be enjoyed by tourists. The site also serves as a lookout point for wildfires in the park. Furthermore, several tons of wood were prevented from ending up in landfills, thereby giving it new life, while a local company was commissioned to perform the work. All in all, this was a win-win scenario one that has created genuine shared value with the local community.

We demonstrate daily our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's lives. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this activity being part of Goal 12: Responsible Consumption and Production.

We became the first renewable energy company in Greece to sign the country’s Diversity Charter, just one example of promoting diversity and inclusion

Engaging companies to implement diversity and equal opportunities in the workplace and exchanging and sharing experiences and good practices through platform meetings, expert seminars and annual high-level forums. These are the main goals of the European Union Platform of Diversity Charters, which was created in 2010 under the umbrella of the European Commission and is promoted in all European member states. The result is a large peer network of private companies, NGOs and public bodies acting in concert to develop and implement diversity and inclusion policies. 

And as part of our commitment to equality and equal opportunities, we have become the first renewable energy company to sign the Diversity Charter in Greece. This shows the commitment of our company to supporting all types of diversity and inclusion based on four main pillars: zero discrimination, equal opportunity, an inclusive workplace and respect for the balance between professional and personal life.

Indeed, as the European Commission states, by signing a charter, an organization voluntarily commits to promoting diversity and equal opportunities in the workplace, regardless of age, disability, gender, race or ethnic origin, religion or sexual orientation.

Greek philosophy

The Greek Diversity Charter was established in 2019 and so far 150 private companies representing a combined total of 50,000 employees have joined it.  When we recently signed the Charter, Aristotelis Chavantas, CEO, said: “Our company is a global family, which respects and takes pride in its support for diversity. Equal opportunity and inclusiveness are the key pillars in our daily work activities in all the countries where we operate. We are proud to be the first company in our industry to sign the Charter, proving that we are committed to supporting diversity, both in the workplace and in society in general.”

Our commitment to diversity and equal opportunities was recognized during this signing ceremony by Stavros Milionis, Head of the Diversity Charter Greece, who said: “With the four key corporate values of the company being transparency, credibility, innovation, and foresight, it is natural for the company to be a member of the Diversity Charter for Greek Companies. The signing of the Charter signals our cooperation in designing and implementing activities to defend the principles and values of diversity.”

The Big Picture

At Principia (as Enel Green Power Hellas), we designated 2022 as the year of Diversity and Inclusion and in this context we are organizing a series of initiatives that promote these values. We created in collaboration with Project Parenting a theatrical event about Uniqueness, explaining through experiential scenarios, the difficulties that members of the LGBTQ community face daily. At the same time, we support disabled table tennis athlete George Mouchtis as he participates in national and international competitions. The culmination of the Year of Diversity is our global call for the participation of our employees from over 20 countries in the Athens Classic Marathon, creating the most diverse team.

We demonstrate every day our commitment to a sustainability model based on initiatives and targeted actions with a significant impact on people's daily lives and especially on the future of young people. Our Creating Shared Value - CSV initiatives are fully aligned with the 17 UN Sustainable Development Goals, with this program being part of Goal 10: Reduced Inequalities.