ContourGlobal has made its first entry into Greece’s renewable energy market by acquiring a portfolio of operational solar assets alongside a substantial pipeline of battery energy storage projects, marking a strategic step in the company’s broader European expansion focused on clean generation and system flexibility.
The company has taken over an operating 37 MW solar portfolio, consisting of 26 solar power plants developed over more than a decade. Previously owned by Quest Energy, the facilities benefit from long-term support schemes and generate around 51 GWh of electricity annually. The acquisition formed part of a broader series of asset purchases from multiple sellers, although financial terms were not disclosed.
In parallel, ContourGlobal secured full ownership of a group of standalone battery storage projects with a combined capacity of up to 500 MW and 2,000 MWh. The storage pipeline was assembled through separate agreements with Spanish developer FRV and Greek company Zephiros, significantly strengthening the company’s footprint in one of Europe’s fastest-growing battery markets.
A key asset within the portfolio is the Taxiarches battery project in the Thessaly region, a 100 MW / 400 MWh facility that is fully construction-ready. It is expected to be among the first merchant battery projects in Greece, operating without long-term contracts and relying on market-based revenues. Construction is planned to begin soon, with commercial operation targeted for early 2027.
The remaining battery projects, totaling up to 400 MW and 1,600 MWh, have already obtained environmental approvals and key permits. They also qualify under Greece’s priority framework for standalone energy storage, introduced in 2025, positioning them well for accelerated development as demand for grid flexibility continues to rise.
ContourGlobal considers Greece a strategic market within its European growth plan. The company already operates renewable generation and storage assets in Italy, Spain, Austria and Bulgaria, and sees Greece as a country where increasing renewable penetration is driving a strong need for large-scale battery solutions.
Building on its experience with battery storage projects worldwide, including recent developments in the United States, ContourGlobal aims to use Greece as a platform for scaling energy storage across Europe. The company expects these investments to play a significant role in supporting Greece’s energy transition while reinforcing its ambition to become a leading independent player in renewables and large-scale energy storage.