ContourGlobal Acquires Solar and Battery Projects in Greece to Expand Renewables Portfolio
ContourGlobal, owned by KKR, has entered the Greek renewables market by acquiring a portfolio of solar plants and 500 MW of battery energy storage projects. The acquisition includes 26 operational solar plants with an expected annual generation of approximately 51 GWh, sufficient to power around 15,000 households in Greece for a year.
The assets were previously owned by Quest Energy. ContourGlobal also secured full ownership of six battery storage projects through transactions with Spain's FRV and Greek developer Zephiros, with the first 100 MW of storage expected to be operational by early next year. This move aligns with Greece's transition from lignite and gas to renewable energy, with a goal of 70% renewable supply by 2030 and becoming a net electricity exporter by 2026.
