VALOREM deploys 27 MW wind farm in Greece and plans 515 MW of new projects

French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.

Partagez:

On May 22, French developer VALOREM inaugurated a 27-megawatt wind farm in Kozani, northwestern Greece. This marks the company’s first project in the country. Named “Anatoliko Askio – Magoula”, the project signals the beginning of a significant investment programme in the Greek energy sector.

Annual output and business model

The site comprises six VESTAS V150 turbines of 4.5 MW each, with an estimated annual output of 68 gigawatt-hours. The electricity is fed into the Greek grid through a Power Purchase Agreement (PPA) signed with local firms OPTIMUS and HERON. The agreement secures the project’s profitability by fixing the electricity sale price in advance. A 20-year public support contract under the contracts for difference (CfD) scheme, currently suspended, will take over after the PPA concludes.

Redevelopment of a former lignite basin

The wind farm is located in a region historically dedicated to lignite mining. The site was chosen as part of a strategy to repurpose former industrial land. In addition to energy production, the project included upgrades to the road connecting Vlasti and the installation of year-round site maintenance infrastructure.

Additional investments in the pipeline

At a presentation in Athens on May 20, VALOREM announced ongoing development of projects totalling 167 MW in wind power and 348 MW in solar capacity. These projects reflect a long-term investment approach in the Greek market. The group has also allocated resources to supporting technologies such as energy storage and agrivoltaics, although no implementation timeline was provided.

Strengthening local presence

To support its expansion, VALOREM has opened offices in Athens. The wind farm’s inauguration ceremony was attended by representatives of local authorities, the Greek government, and the French Embassy. The company aims to structure its local operations and reinforce ties with industrial suppliers and partners in Greece.

  • Populaires ​
EDF and the French State Agree on €70 Billion Plan for EPR2
Canadian oil sands production poised to reach record high
Viridi secures UL 9540 certification after public fire test
Hydrexia and Samator join forces for the Indonesian hydrogen market
Micro-cracks at Civaux: EDF ensures limited impact on nuclear production
Statkraft reduces offshore wind investments following strategic review
Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.
Suzlon secures 170.1 MW order from AMPIN for Andhra Pradesh
Suzlon Group receives third consecutive order from AMPIN Energy Transition to supply 170.1 MW of wind turbines for a project in India's Andhra Pradesh state, strengthening their strategic industrial partnership.
Scotland approves major 1GW floating wind project off Aberdeenshire coast
The Muir Mhòr floating wind project secures Aberdeenshire's onshore consent, paving the way for the potential production of one gigawatt of electricity, enough to power up to 1.2 million British homes by the early 2030s.
Iberdrola España signs wind energy contract with Renfe for 3,700 GWh
Iberdrola España and Renfe conclude a virtual power purchase agreement for 370 GWh per year for ten years, strengthening the use of renewable energy in Spanish railway transport.
TotalEnergies awarded 1GW offshore wind concession in the North Sea
TotalEnergies has been awarded a concession in the North Sea enabling the development of a 1GW offshore wind project, reinforcing its strategic presence in Germany.
Global Offshore Wind Capacity: 85 GW Achieved, 100 GW Targeted by 2026
With an annual increase of 14%, global offshore wind capacity now reaches 85.2 gigawatts, driven mainly by China, the United Kingdom, and Germany, while another 27.3 gigawatts are currently under construction.
TotalEnergies launches geotechnical surveys for the Jammerland Bugt wind farm
Seabed exploration begins in Jammerland Bay to validate the placement of sixteen turbines and the cable corridor, the first tangible step before construction of the project led by TotalEnergies and European Energy.
Thor offshore wind farm prepares its operational centre in Thorsminde
RWE and Østermark Entreprenørforretning celebrate advanced construction of the operational building for Denmark's largest offshore wind farm, promising up to 60 permanent local jobs by 2026.
RWE and Amazon sign strategic agreement for energy and digital innovation
RWE and Amazon Web Services enter a strategic collaboration to supply renewable energy for data centres and accelerate digital capabilities within the global energy sector.
SSE Renewables commissions 28 MW wind farm in Marne
SSE Renewables inaugurated its first wind farm in Southern Europe in Chaintrix-Bierges and Vélye, with eight Siemens Gamesa turbines and an investment exceeding €30mn ($32.3mn).
VALOREM joins Elicio and Q ENERGY for the AO9 floating wind tender
The Astenn Avel consortium, led by Elicio and Q ENERGY, brings in VALOREM to bid for the 500 MW floating wind project planned off the coast of Southern Brittany.
CIB funds $108.3mn for 102 MW wind farm in Quebec
The Canada Infrastructure Bank supports the construction of the Mesgi'g Ugju's'n 2 wind farm, co-owned by Mi'gmaq communities and Innergex, through a combined equity and debt financing package.
Ocean Winds assembles its first floating wind turbine on the EFGL project in the Mediterranean
The first turbine of the Éoliennes Flottantes du Golfe du Lion project was assembled at Port-La Nouvelle, marking a major industrial milestone for Ocean Winds and its partners.
RWE commissions 14.7 MW wind farm in Brittany
RWE inaugurated an onshore wind farm in Plounérin and Plounévez-Moëdec, featuring four turbines with a capacity of 14.7 MW, in partnership with the local SEM Lannion-Trégor.
France: wpd commissions a 10 MW wind farm in northern France
The Moulins wind farm, made up of five turbines, was inaugurated on June 6 across three municipalities in the Douaisis region. It will generate €70,000 in annual tax revenue for local authorities.
SANY R.E. signs 168 MW wind contract in Serbia to expand its presence in Europe
Chinese firm SANY Renewable Energy enters Serbia through a 168 MW wind deal aimed at powering the local grid from 2028.
CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia
The Wedgeport Wind project led by Elemental Energy secures $97mn from the Canada Infrastructure Bank to install 12 turbines in southwest Nova Scotia.
Provence Grand Large: full commissioning of France’s first floating offshore wind farm
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.
RWE sells 49% stake in two offshore wind projects to Norges Bank for €1.4bn
Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
Enlight secures $310mn to develop Spain’s largest hybrid power complex
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS