Motor Oil (Hellas) Acquires 12 Greek Wind Farms

Eleven of the twelve wind farms with a capacity of 220 MW are already in full operation while one of 20 MW is still under construction. The wind farms are mostly located in Central and Northern continental Greece and constitute assets of six target companies. The value of the transaction is estimated at Euro 123.5 million.

It is noted that in addition to said twelve wind farms, the target companies are in possession of a portfolio of licenses to be developed of a capacity of 650 MW.