VALOREM acquires a portfolio of 82 MW wind in Greece

9 January 2020

VALOREM signed a deal to acquire a portfolio of 82 MW wind projects under various stage of developments in Greece with aim to finance, build and operate them in a short term period.

VALOREM set up an office at Athens in Greece and is also very active to develop PV with the target to be a significant actor in the renewable energy sector in Greece especially for wind, solar and hybrid power plants.

Jean-Yves Grandidier, founder and president of VALOREM said: “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 Lanoë, CEO of VALOREM adds : “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.”

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As a green energy group, the VALOREM controls the entire process of developing renewable energies, from development to financing, construction and operation. VALOREM pioneered wind power in France 25 years ago. VALOREM developed as a leading Independent Power Producer with 450 MW constructed or in construction. The asset and portfolio of Power projects was historically mostly wind powered but diversified into solar PV and more recently small Hydro. Now with 250 employees, VALOREM is headquartered in France and is also active in the Caribbean, Northern & Easthern Europe, North Africa and Latin America. Since 2014, VALOREM is certified ISO 9001, ISO 14001 since 2015, and OHSAS 18001 since 2017. When developing projects, Valorem dedicates special attention to environmental and social benefits towards local communities.

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