Eurobank A.E. and the Greek government have teamed up with Lightsource bp's subsidiary, Enipeas Single-Member S.A., to advance one of Europe’s largest solar projects under Greece's National Recovery and Resilience Plan, ‘Greece 2.0’. The financing deal, worth €395.15 million and exclusively led by Eurobank, demonstrates the bank's commitment to supporting renewable energy initiatives and Greece's transition to a greener economy.
The Enipeas solar project, covering areas in Larissa and Fthiotida, spans approximately 6,926 acres and involves installing 968,630 PV modules. The project, under the Green Transition pillar of the Recovery and Resilience Fund, will receive long-term financing of €315.34 million, with Eurobank contributing €145.34 million.
A ceremony at Eurobank Headquarters formalized the financing agreement, attended by government officials, Lightsource bp, and Enipeas Single-Member S.A. Stakeholders emphasized the project’s significance in advancing Greece’s clean energy agenda. Nick Boyle, Group Co-CEO at Lightsource bp, expressed gratitude for governmental support, highlighting the project's role in delivering inward investment and promoting energy security.
Natalia Paraskevopoulou, Lightsource bp Country Head for Greece, underscored the project’s alignment with climate objectives and the National Recovery and Resilience Plan’s goals. Konstantinos Vassiliou, Deputy CEO of Eurobank, reaffirmed the bank’s commitment to financing sustainable ventures and its pivotal role in Greece’s economic transformation.
Eurobank's focus on supporting Greek businesses through ‘Greece 2.0’ funds demonstrates its dedication to fostering innovation and driving economic growth through renewable energy initiatives.
The collaboration between Eurobank, the Greek government, and Lightsource bp represents a significant moment in Greece’s renewable energy journey. With the Enipeas solar project expected to be a flagship venture, stakeholders anticipate significant economic and environmental benefits, reaffirming Greece’s commitment to a greener, more sustainable future.
