ContourGlobal has entered the Greek renewable energy market with the acquisition of about 37MWp of operating solar PV and 500MW/2000MWh of battery storage assets.
The operational PV portfolio generates around 51GWh a year and is fully contracted under FiT and FiP schemes, said the company.
ContourGlobal added that the first 100MW of merchant battery capacity is ready to start construction in the coming months with commercial operation expected by early 2027.
“While continuing our simplification and rationalization effort, entering the Greek market is a further step in ContourGlobal ambition to become a leading independent power producer in renewables and energy storage,” said chief executive Antonio Cammisecra.
“Greece combines rapidly growing renewable penetration with a booming need for large-scale storage solutions,” added Cammisecra.
The solar assets comprise 26 PV plants commissioned between 2011 and 2022 and previously owned by Quest Energy, a subsidiary of Quest Holdings.
ContourGlobal said the acquisition was among the first transactions approved under Greece’s new foreign direct investment directive.
The company has also acquired six battery storage projects totalling 500MW/2000MWh through two transactions with developers FRV and Zephiros.
The first project, Taxiarches, is a 100MW/400MWh ready-to-build facility in Thessaly with construction scheduled to begin in the first quarter of 2026 and commercial operation due by early 2027, added the developer.
The second transaction covers up to 400MW/1600MWh across six projects that have secured environmental approvals, key permits and grid applications.
ContourGlobal said Greece is experiencing rapid renewable growth and increasing demand for grid-scale storage as part of its long-term energy transition.
The company added that the acquisitions strengthen its European platform for further growth in renewables and battery storage.