Complete reform in progress renewable energy market with major domestic and foreign energy groups as protagonists, planning based on the next day of the energy crisis and the need to accelerate the pace of development of clean forms of energy. The major deals of the previous period, including the acquisition of Elaktor’s green portfolio by Motor Oil, are probably just the beginning of a sector consolidation process that seems to be moving at a fast pace. The focus now is on Italy’s Enel portfolio, which looks set to undermine major US funds, Germany’s RWE, as well as the country’s major energy group, characterized by aggressive moves in the renewables market. . At the same time, foreign and domestic investors are eyeing TERNA Energy’s strong portfolio. The head of the company, G. Peristeris, recently stated that the company received proposals to enter the authorized capital from large funds, without coordination at the moment. However, there are reports that the company is in talks with Australia’s Macquarie fund, which bought 49% of DEDDIE last year, and with a domestic energy group.

Enel’s portfolio will compete with large US funds, the German RWE, as well as the Greek energy group.

Italy’s Enel, with a long presence in Greece through Enel Green Power Hellas, appears to be looking for a strategic investor, although the market is also actively discussing the sale of its portfolio, which has raised eyebrows due to the high interest in the Greek market. The Italian company has installed more than 55 wind, photovoltaic and hydro power plants across the country with a total capacity of 480 MW, including the flagship Kafirea park, with an investment of more than 1 billion euros. The company’s investment plans in Greece include the development of projects with a total capacity of 1.5 GW, of which 630 MW relate to the development of distributed energy units (RES) in Western Macedonia and Crete.

It is reported that since the summer the company has outsourced the process of finding investors to the French company BNP Paribas, in which the management of Enel Green Power Hellas turned to “K” declined to comment. Reliable sources assure that the Italian company is not selling its portfolio and leaving Greece, but the search for an investor is linked to a strategy that it has only followed in high-risk countries so far and has now decided to implement globally. Enel’s move did not leave Greek groups indifferent, who would not want the Italian company’s portfolio to be a “door” for new foreign players to enter the market, and also strengthened the position of foreign companies that are already here and who are said to be negotiating with the Italian company. In any case, the portfolio of Enel and TERNA Energy with installed capacity of 895.3 MW and more than 1.2 GW of projects under construction and another 1.1 GW at an advanced stage of maturity will fundamentally change the renewable energy map in Greece and lead the sectors towards greater concentration, as the amounts that someone will have to pay to acquire them are huge and only powerful groups or large foundations can provide them.