Electricity
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Electricity

Motor Oil S.A. is an active member of the Greek and European Electricity Markets in the Wholesale, Power Generation and Retail sectors.

Motor Oil participates with a 35% stake in Korinthos Power S.A., which operates a C.C.G.T. plant fueled with natural gas of installed capacity 436,6 MW, located near company’s Refinery. 

In October 2019, the company acquired the 85% of a wind farm project with a capacity of 9.4 MW and in February 2020, a portfolio of Photovoltaic Plants located in Northern and Central continental Greece, with an aggregate capacity of 47 MW. In addition, Motor Oil holds a license (300MW) to operate as a RES Aggregator in the Hellenic Energy Exchange.

In late 2018, Motor Oil expanded its activities to include wholesale cross-border trading to and from Greece, which gradually expanded to a full-scale cross-border trading business across the wider region.

Motor Oil is an active member of the European Energy Exchange (EEX), the largest Energy Exchange in Europe trading Power Financial Futures as well as Emissions Rights on spot & financial market and an active member of the Italian Energy Market (Gestore del Mercato Elettrico), of the Joint Allocation Office (JAO) and of the Coordinated Auction Office in South East Europe (SEE CAO).

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