SPI Energy buys 2 MW of solar capacity in Greece

Author: Takver. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

March 22 (Renewables Now) - Hong Kong-headquartered SPI Energy Co Ltd (NASDAQ:SPI) announced on Thursday it has acquired the owner of a 1.998-MW solar photovoltaic (PV) portfolio in Greece.

SP Orange Power (Cyprus) Ltd, a unit of SPI Energy, has bought Heliohrisi SA from Thermi Taneo Venture Capital Fund (TTVCF) for EUR 1.7 million (USD 1.9m) per MW.

This purchase is part of a previous framework agreement with TTVCF from September 2017. Under that same agreement, SPI Energy previously bought Heliostixio SA and also has the right to acquire Thermi Sun SA. Together, the three Greek firms own four PV plants with a combined capacity of 7.4 MWp in the northern part of the country. They have been hooked to the grid since July 2012.

SPI Energy noted that it has agreed to delay the acquisition of Thermi Sun until no later than May 20, 2019.

(EUR 1.0 = USD 1.131)

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