Aktor Renewables: The deal powering a major leap in Greece’s energy transition
In a strategic move reshaping the renewable energy landscape, Aktor Renewables, a subsidiary of the Aktor Group, has signed a binding agreement to acquire a 51% stake in Sun Force Two for approximately €20.4 million, from Greenline, owned by the Mittsiolidis and Bozatzidis families.
The transaction is expected to be completed in the second half of 2026, pending regulatory approvals and customary conditions.
A €200M green energy portfolio with strong upside
Sun Force Two is developing a significant photovoltaic portfolio with a total installed capacity of 214.8 MW, with potential expansion to around 235 MW at full development.
- 125.10 MW already operational, supported by long-term contracts with Greece’s RES operator (DAPEEP)
- 89.7 MW under grid connection (electrification phase)
- Projects distributed across Thessaly, Central Macedonia, Western Macedonia, Epirus, and Eastern Macedonia & Thrace
At full maturity, the portfolio’s Enterprise Value (EV) is estimated at approximately €200 million, highlighting the strong scale and embedded value of the assets.
Strong profitability outlook: €16M EBITDA expected
The assets are projected to generate an annual EBITDA of around €16 million once fully operational, underlining the robust cash-flow profile and long-term stability of the portfolio.
This makes the acquisition a high-quality, yield-generating investment within the rapidly expanding Greek renewable energy sector.
Strategic expansion led by Aktor leadership
Market observers note that this acquisition aligns with the broader strategic roadmap presented by the Aktor Group in October 2024, focusing on aggressive expansion in renewable energy.
“This move clearly signals Aktor’s ambition to become a dominant force in the Greek clean energy market, building scale through disciplined and value-accretive acquisitions,” market analysts comment.
The deal further strengthens the group’s positioning in a sector benefiting from strong regulatory support, long-term power purchase agreements, and increasing investor demand for green infrastructure.
Deal highlights
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Acquisition: 51% of Sun Force Two
- Transaction value: ~€20.4 million
- Portfolio capacity: ~235 MW at full development
- Enterprise Value: ~€200 million
- Expected EBITDA: ~€16 million annually
- Completion: H2 2026 (subject to approvals)
- Financial advisor: Credia Bank
Market impact
This transaction is widely seen as a strategic value-creating move for Aktor, strengthening its renewable energy footprint with operational assets and near-term pipeline projects.
By combining operating solar parks with development-stage capacity, Aktor is positioning itself as a fully integrated renewable energy player, increasing both scale and recurring revenue visibility
Source: pagenews.gr