(Source: Datamonitor)
Enel Green Power has signed an agreement for the acquisition of two subsidiaries of the Domiki Crete and ATESE groups in Greece. The subsidiaries are: Aioliko Voskerou, with an operational 5.95MW wind park located in the Prefecture of Heraklion in Crete, as well as the company's pipeline; and Aioliko Koukoulona, with an installation license of a 5MW wind park in the Prefecture of Rethymnon in Crete.
Following the agreement, Enel Green Power's installed capacity in Greece will exceed 133MW from the current 127MW.
On September 1, 2009, Enel Green Power has submitted to Domiki Crete and ATESE a binding offer, accepted on September 3, 2009, therefore greenlighting Enel's acquisition of Aioliko Voskerou and Aioliko Koukoulona.
Francesco Starace, president of Enel Green Power, said: "Enel Green Power is a worldwide leader in renewables and Greece with its huge growth potential in this sector represents key market to us.
"We are committed to further investing in this country and, after the two wind parks and the mini-hydro plant we started operating in 2009, this most recent acquisition represents another step to reach our growth target in Greece."
A service of YellowBrix, Inc.
