VALOREM Acquires Portfolio of 82 MW Wind Energy in Greece

In order to get closer to this goal, the company has recently established a branch office in Athens. In addition, the purchase of an 82 MW wind portfolio with projects in various stages of development has now been announced.

According to VALOREM's own statements, VALOREM intends to become active in the solar, wind and hybrid power plant sector in particular, as Jean-Yves Grandidier, founder and president of VALOREM, stated: "We are very pleased to increase our wind portfolio in Greece in addition to our PV development through this acquisition Greece is a priority market for VALOREM. VALOREM has the potential to actively participate to the REN development in Greece considering our strong experience, especially our island experience with hybrid systems."

Frederic Lanoe, CEO of VALOREM, added: "We’ll continue to build a strong team in order to consolidate our presence and participate to Greece’s efforts to meet the EU target as well as to reduce its electricity bill through the development of green electricity production. It’s now proven that renewables energies are not only a must to fight the climate change but also now the cheapest way to produce electricity."