Macquarie Asset Management, on behalf of co-investors and managed funds, has acquired a 50 per cent stake in Enel Green Power Hellas from Enel Group for a total equity consideration of approximately 250 million euros.
Enel Green Power Hellas is a leading renewable energy developer and operator in Greece, with a 566 megawatts (MW) portfolio of onshore wind, solar and hydropower projects in operation or under construction across its mainland and islands.
The portfolio comprises 59 operational projects totalling 482 MW of installed capacity powered by wind, solar and hydropower and six solar projects under construction with an overall capacity of 84 MW. Its operational portfolio is the third largest in Greece. Enel Green Power Hellas has also identified a pipeline of new development projects, across wind and solar and is expanding into innovative storage and hybrid solutions. This infrastructure will be critical to Greece’s ongoing energy transition as it seeks to decarbonise its energy generation capacity and enhance the security of supply.
“The Greek market is rapidly accelerating away from fossil fuels and now holds huge potential in helping to accelerate Europe’s decarbonisation efforts,” said Eric Bjonerud, Managing Director at MAM Green Investments. “We are excited to announce this new investment and partnership with Enel – supporting the delivery of an ambitious pipeline of renewable energy projects, embedding innovative green technologies in the grid and supporting Greece’s energy transition.”
This transaction marks the latest investment by Macquarie Asset Management in the Greek energy market, following its acquisition of a 49 per cent stake in Hellenic Electricity Distribution Network Operator in 2022.
