European Energy has agreed to divest half of its Tsoukes Sarres wind park in Greece to Sampension, one of Denmark’s largest pension funds.
The 27MW onshore project comprises six turbines and began construction in September 2024, said European Energy.
The company added that the wind farm is due for completion in the first half of 2026 and will supply renewable power to the Greek grid.
“This divestment demonstrates our ability to develop and construct high-quality renewable energy assets and bring them together with long-term institutional partners,” said Jens-Peter Zink, deputy CEO of European Energy.
“By recycling capital from projects like Tsoukes Sares, we can continue to expand our pipeline of wind, solar, and hybrid projects,” stated Joanis Duraj, director and country manager for European Energy in Greece.
Sampension said the investment strengthens its exposure to onshore wind and broadens the geographical reach of its renewables portfolio.
“Investments in renewable energy play a central role in Sampension’s strategy to deliver stable, long-term returns to our pension customers while supporting the green transition,” added Torbjørn Lange, head of real estate and infrastructure at Sampension.
European Energy noted that the divestment supports its strategy of attracting long-term institutional investors while reinvesting capital into new projects across Europe.