NICOSIA – Helleniq Energy announced the acquisition of two photovoltaic parks in operation, with a total power of 15MW, in Cyprus through its subsidiary Hellenic Renewables. The agreement was announced with the approval of Cyprus’ energy regulatory authority. The parks will have an annual production of renewable electricity power of more than 27,000 MWh.

The acquisition marks HelleniQ Energy’s first investments in the renewable energy sector outside Greece and it is part of the group’s strategic plan “Vision 2025”. The group also plans to develop a state-of-the-art fuel station, installing ev chargers in selected EKO petrol stations, and to further develop photovoltaic systems in EKO’s petrol station network in Cyprus.