- 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.
