ContourGlobal Enters Greece with 500 MW Battery Storage Portfolio and 37 MWp Operating Solar PV

ContourGlobal has entered the Greek renewable energy market with the acquisition of a 37 MWp operational solar PV portfolio and 500 MW / 2,000 MWh of battery energy storage projects. The transaction includes fully contracted solar assets and large-scale merchant BESS developments, with the first 100 MW expected online in early 2027.

Transaction date: · Source: contourglobal.com

Key facts

Transaction date
Capacity
537 MW
Transaction price
Not disclosed
Country
Greece
Region
Multiple regions across Greece
Location
26 solar PV plants across Greece and six battery storage project sites including Taxiarches (Thessaly, Municipality of Farkadona, Regional Unit of Trikala)
Continent
Europe
Development status
Under Development
PPA
Yes

Technology details

The transaction includes approximately 37 MWp of operational solar photovoltaic capacity across 26 plants commissioned between 2011 and 2022, and a portfolio of 500 MW / 2,000 MWh of standalone battery energy storage systems. The first BESS project, Taxiarches, is a 100 MW / 400 MWh ready-to-build facility with construction starting in Q1 2026 and commercial operation expected by early 2027. The remaining BESS projects have secured environmental approvals and key permits and are progressing toward grid connection.

Power purchase agreement (PPA)

The solar PV portfolio is fully contracted under Greek FiT and FiP support schemes. The battery storage projects are designed to operate on a merchant basis.

Additional information

The solar PV portfolio was previously owned by Quest Energy, a subsidiary of Quest Holdings, and is fully contracted under Feed-in Tariff (FiT) and Feed-in Premium (FiP) schemes, generating approximately 51 GWh per year. The battery storage portfolio was acquired through separate transactions with FRV and Zephiros and includes merchant BESS assets eligible under Greece’s Priority Regime for battery storage. The acquisition marks ContourGlobal’s entry into the Greek market and significantly strengthens its European renewables and grid-scale storage platform.

Source

Original announcement: https://www.contourglobal.com/news/contourglobal-enters-greece-with-acquisition-of-500-mw-battery-storage-portfolio-and-37-mwp-of-operating-solar-pv/

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