DEPA Commercial Group is running a €500 million investment plan for the next four years to boost clean energy production. The group is presenting its green transition strategy at the 88th TIF, focusing on innovation and sustainable development.

RES

A recent milestone is the approval of €390 million in funding from the European Investment Bank for the creation of photovoltaic parks in Western Macedonia, Thessaly and central Greece. The country's grid will receive an additional 800 MW of renewable energy after DEPA Commercial completes the project, which is roughly equivalent to the annual energy needs of 278,000 households. Specifically, its subsidiaries, North Solar, North Solar 1, and New Spes Concept, have projects in different stages of maturity.

POWER GENERATION & INFRASTRUCTURE WORKS

In addition to renewables, the group has entered the gas-fired power generation market, participating in projects such as the new thermal plant in Alexandroupolis, with a capacity of more than 840 MW, which corresponds to the energy of three polluting lignite plants. As a shareholder of Fier Thermoelectric, it is involved in the construction of another 174 MW power plant in Albania, which it will supply with natural gas under a long-term agreement. At the same time, participating in major international infrastructure projects, such as the Greece-Bulgaria Interconnector (IGB) and the Alexandroupolis floating gas storage and regasification terminal (FSRU), through Gastrade, in which it is a shareholder, enhances the energy security of the wider region through diversification of supply sources.

EXPORT

In addition, it invests in innovative technologies and international partnerships, strengthening its presence in many European markets, and actively participates in international energy exchanges such as Italy's GME, Bulgaria's Balkan Gas Hub and Hungary's CEEGEX. The continued strengthening of exports contributes to the geopolitical upgrading of Greece as an energy hub in South-Eastern Europe.