SUBSCRIBE
PROFILE

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:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE
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…

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
RWE secures two solar projects in North Rhine-Westphalia through a federal tender
IBM and NASA launch AI model to anticipate solar storm risks
Oman Unlocks $500 Million to Exploit Its Copper and Chrome Reserves
Pietro Mendes resigns from Petrobras to lead Brazilian oil agency ANP
Bahrain signs strategic energy agreement with EOG Resources
Buchan Offshore Wind submits permit applications for a 1GW floating wind farm
Buchan Offshore Wind has submitted its marine consent applications to the Scottish authorities for a large-scale floating wind project, marking a strategic step in energy development in northeast Scotland.
VSB recommissions the Elster wind farm with 105.6 MW of installed capacity
The VSB Group has completed the repowering of the Elster wind farm in Germany, replacing 50 turbines with 16 new Siemens Gamesa machines, increasing the total capacity from 30 to 105.6 megawatts.
Montenegro: The EBRD Injects €26 Million to Expand the Gvozd Wind Farm
The EBRD’s additional financing will raise the capacity of the Gvozd wind farm to 75 MW, making it the largest in the country. This project, led by EPCG, marks a key industrial milestone in Montenegro’s energy sector.
Moscow develops Arctic turbines for the Northern Sea Route
The Russian Ministry of Industry and Trade is announcing "Arctic configuration" wind generators to power infrastructure on the Northern Sea Route, without listing any companies at this stage, with the stated aim of technological sovereignty.
Vestas maintains annual targets despite 44% drop in orders
The Danish turbine manufacturer posted a 14% increase in quarterly revenue, despite a sharp drop in order intake and negative cash flow.
Eurowind secures approval for two 86.4 MW wind projects in Germany
German authorities have approved two onshore wind projects totalling more than 86 MW, with commissioning planned from 2027.
Ørsted launches DKK60 bn capital increase with Danish state backing
Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.
Forestalia signs 10-year contract with Galp to refinance wind farm
Forestalia has signed a ten-year power purchase agreement with Galp Energia Espana to refinance a 42.7 MW wind farm in Aragon, securing stable revenues through coverage of 65% of its annual production.
Encavis AG acquires a 34 MW wind farm from PNE AG in North Rhine-Westphalia
Encavis AG continues its growth in Germany with the acquisition of a 34-megawatt wind project in Sundern-Allendorf, sold by PNE AG and secured by a twenty-year feed-in tariff.
Iberdrola receives the final Windar monopiles for its Windanker offshore wind farm
The last monopiles manufactured by Navantia Seanergies and Windar Renovables have been delivered to Iberdrola for the Windanker offshore project, marking a major milestone for the European XXL offshore wind component manufacturing industry.
Envision Energy validates reliability of its two-blade wind turbine with 500 days of stable operation
Envision Energy's two-blade prototype has now reached over 500 days of continuous operation, achieving a 99.3% availability rate and confirming its potential compared to industrial standards.
RWE secures four maintenance vessels to support its offshore wind fleet in Europe
RWE signs long-term agreements with North Star for four new service vessels, strengthening maintenance of its offshore wind farms in the United Kingdom and Germany amid a tight market for specialised maritime capacities.
AMEA Power launches Agadir desalination plant expansion with 150 MW wind farm
AMEA Power partners with Cox for the second phase of the Agadir desalination plant, set to reach 400,000 m³/day with power supplied by a 150 MW wind farm in Laayoune.
The 2 GW Northern Luzon floating wind project reaches key milestone in the Philippines
Buhawind Energy Northern Luzon Corporation secures grid connection study approval, bringing the launch of one of Southeast Asia’s largest offshore wind projects closer.
France secures EUR 11bn for three floating wind farms with European approval
France receives approval from the European Commission for a major public financing of EUR 11bn aimed at three floating wind projects totalling 1.5 GW, with a framework strengthening the national industry.
TotalEnergies and RWE launch the 15 MW Vilpion wind farm in Aisne
The new Vilpion onshore wind farm, led by TotalEnergies and RWE in Aisne, has a capacity of 15 megawatts and marks a milestone for the renewable energy industry in France.
Koehler and CMB Energy launch KB Renewables to target 1GW wind by 2030
Koehler Renewable Energy and CMB Energy formalise a joint venture to develop, operate and acquire wind farms targeting one gigawatt of installed capacity by 2030, with potential expansion into solar and storage.
Gentari signs 80 MW wind power purchase agreement with AWS in India
Gentari and Amazon Web Services have entered into an 80 MW power purchase agreement in India, marking a major step for large-scale wind energy development in the region.
BOEM Abandons Five-Year Schedule to Increase Flexibility in Offshore Wind Auctions
Washington removes regulatory requirement mandating biennial publication of five-year schedule for offshore renewable energy auctions, offering increased flexibility to Interior Secretary.
Europe mobilizes 13 billion euros for its offshore wind ambitions
Europe aims for 84 GW of offshore wind by 2030 versus 36.6 GW currently. Port and naval investments require an additional 6.4 billion euros.
Consent Preferences