Cubico Sustainable Investments is to acquire K-Wind Kitheronas Energy which owns a 21MW operational wind farm in Greece.
The deal is with Greek IT, construction and electronic defence systems provider Intracom Holdings for an undisclosed price.
The wind farm is located in the Viotia region of Sterea Ellada and marks Cubico’s entry into the Greek market.
Cubico said the project has been operational since 2015 and will be extended by 12MW, with the extension work starting in the first quarter of this year.
Completion of the acquisition is also expected in the first quarter of 2020.
Cubico head of EMEA David Swindin said: “We are very pleased to enter the Greek market and play our part in helping the country’s transition to a low carbon future.
“We have been looking at the country for some time and are very keen to expand our presence there beyond this initial acquisition, having already started looking at further transactions.”