Investment program of €12-15 billion from Macquarie

The Macquarie group is planning an investment program of 12-15 billion euros in the Greek market, in sectors that start with energy and reach infrastructure, telecommunications, electric mobility, etc.

Macquarie, it is recalled, is the strategic investor in DEDDIE as it acquired 49% of the Manager’s shares, for a total price of 2.1 billion euros, an amount that is not included in the investment plan for the coming years.

Already, yesterday, the construction of a 100 megawatt photovoltaic park in Prosotsani, Drama, was announced by CERO, a company in which Macquarie participates, with an investment cost of close to 80 million euros. Apart from the size of the investment, which is important, the photovoltaic park in question is a landmark for the Greek market as it is the first to operate under the regime of bilateral contracts (Purchase Power Agreement, PPA) for the direct sale of the produced energy to consumers ( while the rule so far is the sale of energy in the system at a guaranteed price or at a price resulting from government tenders).

The buyer of the energy from the photovoltaic plant in Drama, as announced yesterday at the project presentation event, will be the Swiss AXPOEnergy. The sale price of the energy was not disclosed, however information indicated that it is close to the price set during the 2021 RES tender, i.e. close to 40 euros per megawatt hour (when prices on the Energy Exchange in recent months due to the crisis have fluctuated around 200 -300 euros per megawatt hour).

Information from CERO circles indicated that planning in the energy sector in the coming years includes investments in units with a capacity of more than 4 gigawatts, most of which will be photovoltaic, of which 1 gigawatt is at a mature licensing stage with the prospect of starting construction in 2023 and completion in 2024 – 2025. According to the same information, all the projects will operate with the PPA system, outside of tenders, at prices also below 40 euros per megawatt hour with the prospect of a further reduction in the coming years. Agreements have already been concluded for the sale of energy in Greece and abroad, with energy-intensive industries and others. CERO is also in negotiations to operate in the offshore wind sector.

The same circles reported that investment interest in Greece is expected to intensify when the country attains investment grade (a target set by the government for 2023) and that the country can become the base for the group’s activities in the Balkans where there is no has a presence so far.

Source: AMPE

Source: Capital

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