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Activation of ALPHA GRISSIN at RSE

RENEWABLE ENERGY

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The entry of ALPHA GRISSIN Group in the space of Renewable Sources of Energy (RSE) was realised in 2006...

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Implementation of investment plan

Alpha Grissin Group is going to develop wind parks in Greece and Bulgaria, of total capacity 171MW and of a total investment that is going to reach €230mil.

The wind parks of Deutsche Aeolian SA will be constructed in southern Greece, and in particular in the prefecture of Arkadia and Lakonia. These four wind parks totalling 81mw, while the total investment is expected to exceed € 110 million. Investments in that region are at the stages of approval by the Regulatory Authority for Energy (RAE) and other services involved. Already Production Licences Electricity received for the three of the four wind power stations is expected and the fourth licence in the 2016 first half.

The required statistical wind measurements in the region show very high potential, which guarantees increased production and very satisfactory return on investment figures. At the same time, this area is included in the planning of programs RES which should accelerate the overall licensing process applications with the new law on energy production from RES.

In Bulgaria , «KARNOBAT AEOLIA AD» (40% participation of subsidiary «ALPHA GRISSIN RENEWABLES LIMITED») was granted a 30-year concession to the Consortium of a land area of 8.424 hectares in the area of Karnobat in Central Bulgaria, an area with increased wind power, in order to develop and operate a wind park of 90MW. The company has already acquired a large proportion of the necessary permits and expects to issue the final production and installation permit around the end of 2016.

The Group constantly looks for new investment opportunities in the Renewable Energy field, within the countries of its activities.

 

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