The illuminated Motor Oil oil refinery in Agios Theodoros, Corinth

Announcements

10 Aug 2020

Acquisition of a Wind Park with 40 MW licensed capacity.

MOTOR OIL (HELLAS) S.A. hereby announces the completion of the transaction for the acquisition of one (1) wind park with 40 MW licensed capacity which is located in Northern continental Greece.

The transaction has been effected through TEFORTO HOLDINGS LIMITED (*) which acquired the shares of KELLAS WIND PARK S.A.

The above move forms part of the MOTOR OIL Group strategy for further penetration in the sector of Renewable Energy Sources since, following the completion of the said wind park, the Group’s RES installed capacity will exceed the 100 MW mark.

Maroussi, 10 August 2020
The Board of Directors

(*) 100% subsidiary of the MOTOR OIL Group.