S'abonner

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.

Share:

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.

  • Popular on energynews.pro
The International Energy Agency forecasts 7% growth in global LNG trade in 2026
Arabelle Solutions to equip Darlington SMR with 34-metre turbine
Exus Renewables North America secures $308.2 million for solar and wind projects
Chestnut Carbon secures pioneering non-recourse financing of $210mn for afforestation in the U.S.
Turkey proposes new expanded energy deal to Iraq with oil, gas and electricity
OX2 acquires major wind farm in Sweden and strengthens its commercial partnerships
OX2 acquires a 34-turbine wind project in the Dalarna region, representing 14% of the county’s electricity consumption, marking a step forward in its commercial collaborations with Eolus and Dala Vind.
Nordex Group posts 81% order growth and strong cash flow in the second quarter of 2025
Nordex Group records a significant jump in profitability and order intake, reaching EUR 2.3 bn in the second quarter of 2025, confirming its financial trajectory with a positive free cash flow.
ENERCON receives €3.7 mn public support to accelerate wind turbine production in Aurich
German manufacturer ENERCON is investing up to €30 mn in expanding its Aurich site, with public financial backing to boost the ramp-up of its new turbines designed for the onshore wind market.
EDF inaugurates 450 MW offshore wind farm in Scotland
The Neart na Gaoithe offshore wind farm, with a capacity of 450 megawatts, comes online off the coast of Scotland, mobilising GBP200 mn ($259 mn) in public and private investment for the region.
United Kingdom raises guaranteed offshore wind prices by 11% in next auction
The British government is increasing by 11% the guaranteed price for offshore wind electricity to support projects facing inflation and supply chain constraints.
DP Energy launches a 1,400 MW wind project in Queensland with integrated storage
DP Energy plans to build a 1,400 MW wind farm near Julia Creek, supported by an energy storage system, enhancing industrial momentum and supply prospects in northern Queensland.
Equinor records $955mn impairment on Empire Wind project off New York
Equinor announces a significant impairment on its offshore wind project Empire Wind, due to regulatory changes and tariffs, affecting its quarterly results.
SEPCO3 awarded EPC contract for 700 MW Yanbu wind energy project
Shandong Electric Power Construction Corporation No. 3 (SEPCO3) has signed an EPC contract for the construction of the 700 MW Yanbu wind energy project under Saudi Arabia's National Renewable Energy Program.
China unveils 17 MW floating wind turbine prototype
The 17 MW floating wind turbine prototype, the most powerful in the world, was launched in China, marking a significant advancement in offshore turbine manufacturing and supporting the development of deep-sea offshore wind power.
RWE commissions 53.1 MW wind farm in Italy
RWE has inaugurated the Mondonuovo wind farm in Italy, a 53.1 MW facility capable of powering 55,000 Italian households. This project marks a key milestone in the development of renewable energy in Italy.
Bpifrance grants €17mn to Wysenergy for 9-MW wind farm in Marne
Swiss company Wysenergy has secured public funding for its first wind project in France, located in the municipality of Faux-Fresnay and selected under the PPE2 tender scheme.
OVO launches new subsidiary dedicated to onshore wind farm repowering in the United Kingdom
Energy supplier OVO plans to invest several hundred million pounds in the renovation of British wind farms, aiming to increase national capacity and accelerate the country’s energy transition.
Cadeler receives Wind Keeper vessel and secures firm EUR210m contract
Danish group Cadeler has taken early delivery of the Wind Keeper, its eighth vessel, now tied to a three-year contract with Vestas worth a firm EUR210m ($228m), including additional options.
bp sells its US onshore wind assets to LS Power as part of divestment strategy
bp has announced the sale of its US onshore wind operations to LS Power, strengthening the American group’s 21GW portfolio and continuing its global asset divestment strategy.
Dstgroup injects €1.5mn into Gazelle Wind Power for offshore wind project in Portugal
Dstgroup, through its subsidiary dstventures, invests €1.5mn ($1.62mn) in Gazelle Wind Power and commits to building the structures for the Nau Azul project, marking progress for the floating wind industry in Portugal.
wpd completes the acquisition of Calycé’s wind activity and strengthens its presence in France
German group wpd takes over the teams and a portfolio of 17 wind projects from Calycé, consolidating its position in the French market and expanding its regional presence, particularly in the Grand Est, with the support of Envinergy.
SPIE wins new strategic contract for the 315 MW Windanker offshore wind farm
SPIE Wind Connect partners with Van Oord to connect and test 21 high-voltage cables for the Windanker offshore wind farm, marking a key milestone in the development of Germany’s offshore wind sector.
Envision Energy and FERA Australia launch major hybrid wind and storage project
Envision Energy and FERA Australia announce an agreement to develop up to 1 GW of wind and 1.5 GWh of storage on the Australian market, laying the foundation for a new hybrid power plant model.
RWE reaches key milestone with foundation installation at Sofia offshore wind farm
German group RWE has completed installation of all 100 monopile foundations at Sofia, a 1.4 GW offshore wind farm located 195 kilometres from the British coast, marking a major step in the construction of the project.
Greece’s wind capacity surpasses 5.5 GW as growth rate doubles
Greece’s wind sector reaches a new milestone with 5.5 GW installed, driven by 37 new turbines and €180 mn in investments during the first half of 2025, according to ELETAEN.

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING