Iberdrola takes control of biggest Greek wind developer

Google Translate

Spanish utility Iberdrola has taken majority control of Greece's top wind plant owner, Rokas, after buying an additional 2.8% of the company, raising its ownership stake from 49.9% to 52.7%. Iberdrola is now required, under Greek law, to launch a public offer for the rest of Rokas' shares, according to Athens news agency reports. Rokas operates 193 MW in 13 wind plant, has 14 MW building and a development pipeline of 474 MW, 295 MW in Greece and 179 MW in Cyprus. The company, also a contractor for electro-mechanical projects, reported a turnover of EUR 50.2 million for last year and a profit of EUR 16 million. Aside from its stake in Rokas, Iberdrola operates a further 21 MW in Greece.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events

Latest Jobs