A landmark agreement in the renewable energy sector has been signed between Aktor Renewables, a wholly-owned subsidiary of Aktor Group, and DEPA Commercial. The binding Memorandum of Understanding (MoU) covers the acquisition of a 51% stake in a strategic green energy and storage portfolio, with the remaining 49% retained by DEPA.
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Aktor: Total investment of €370 million
The partnership encompasses hybrid solar-plus-storage projects with a combined capacity of 221.1 MW, as well as standalone battery energy storage systems (BESS) totalling 250 MW. Subject to securing the required grid connection terms, the total investment is estimated at €370 million, with an implementation timeline of 18 to 24 months — significantly reinforcing Aktor’s strategic growth roadmap in the energy sector.
Aktor’s official announcement in full
“AKTOR ANONYMI ETAIREIA SYMMETOKHON, TEKHNIKON KAI ENERGEIAKON ERGON” (hereinafter the “Company”) hereby informs the investment community, in accordance with Regulation (EU) 596/2014 of the European Parliament and of the Council and the Athens Stock Exchange Rulebook, of the following:
“AKTOR RENEWABLES SINGLE-MEMBER SOCIÉTÉ ANONYME”, a wholly-owned subsidiary of the Company (the “Buyer”), today signed a binding Memorandum of Understanding (“MoU”) with DEPA COMMERCIAL Single-Member Société Anonyme (“DEPA”, and together with the Buyer, the “Parties”), regarding the intended acquisition by the Buyer of a 51% stake in a portfolio of projects being developed through their respective project-holding companies, comprising (the “Portfolio”): (a) hybrid renewable energy projects combining photovoltaic power generation plants with a total installed capacity of 221.1 MW and battery energy storage systems with a maximum injection capacity of 221.1 MW, for which Environmental Impact Approval Decisions have been obtained and applications for Definitive Grid Connection Offers have been submitted in respect of the photovoltaic plants (“Group A” of the Portfolio); and (b) standalone battery energy storage projects with a total maximum injection capacity of 250 MW in Greece, for which Environmental Impact Approval Decisions and/or Standard Environmental Commitments have been obtained (“Group B” of the Portfolio). The remaining 49% of the Portfolio will be retained by DEPA, with the aim of jointly developing the Portfolio between the Parties.
The signing of the definitive transfer agreements for the above-mentioned stake in the project-holding companies and the subsequent completion of the transaction are subject to the customary conditions for transactions of this nature, including any required third-party approvals and consents from relevant authorities. Completion is expected to take place within the fourth quarter of 2026. The further development and implementation of the Portfolio projects is contingent upon securing the required grid connection terms and completing the applicable licensing procedures.
Should grid connection terms be secured for the entirety of the Portfolio projects, the total investment for 100% of the Portfolio — upon full development and construction — is estimated at approximately €370 million, expected to be funded through a combination of equity and debt financing. The investment implementation period is estimated at approximately 18 to 24 months following the securing of grid connection terms.
This transaction forms part of the Company’s energy sector development strategy, as previously communicated to the investment community, and is expected to contribute to the achievement of national energy transition targets.
The Company will keep the investment community informed of any developments that give rise to a disclosure obligation pursuant to Article 17 of Regulation (EU) 596/2014, the decisions of the Board of Directors of the Hellenic Capital Market Commission, and the Athens Stock Exchange Rulebook.
