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.
