SolarKapital Group based in Germany, via the Greek entity SKYIELD SMSA, successfully completed the acquisition of two photovoltaic stations, located in Arnissa (Pella) and Kileler (Larisa) with a total installed capacity of 1.4MWp.
The selling party was the industrial company A&G PAPER SA and the total transaction value exceeded the amount of EUR 3,000,000. SolarKapital Group, also operating photovoltaic stations in Crete, Rhodes, Germany and France thereby nearly triples its Greek portfolio and remains aligned to its strategic plan in acquiring a series of high-quality PV stations in the country in the months to come.
On the occasion of this transaction, Andreas Leimbach, Managing Director of SolarKapital Group said: „We have been successfully operating in Greece for more than ten years and we are committed to expanding the portfolio further into double digit MW size. While contributing to the ongoing transition of Greece to become climate-friendly, our expertise lies in the well-balanced combination of technical and commercial factors making transactions worthwhile for all parties involved“.
Constantinos Sioumis, Commercial Director of SolarKapital in Greece, added: “I am delighted having concluded this acquisition including two PV stations of proven quality and excellent location. My respect goes to both the teams of SolarKapital and A&G PAPER who demonstrated remarkably high professionalism and commitment on the transaction”. On the other hand, Fotios Georgakopoulos, Chief Executive Officer of A&G PAPER, stated: “This transaction was fully aligned with our corporate strategy and therefore we in A&G PAPER are excited about its successful completion. Working with the team of SolarKapital has been very professional from start to end and I wish them the very best of success in their coming ventures in our country and beyond”.