January 10 (Renewables Now) - French wind and solar power developer Valorem has agreed to buy an 82-MW portfolio containing wind projects at different stages of development in Greece, it said on Thursday.
The company’s goal is to finance, build and operate the power plants in a short term period. In line with that plan, the French firm has opened an office in Athens and is also exploring options for solar photovoltaic (PV) development in the country, where it aims to become a “significant actor” in the renewables field. It will mostly target wind, solar and hybrid power plant projects there, it added.
“Greece is a priority market to Valorem,” founder and president Jean-Yves Grandidier pointed out.
The French renewables group has 450 MW of capacity in its portfolio, both operational and under-construction. Apart from France, the company has activities in the Caribbean, Northern and Eastern Europe, North Africa and Latin America, operating mostly in the wind sector. It also has solar assets and recently diversified into small hydropower.