In a landmark move reflecting BP’s commitment to green energy, the British oil giant has acquired the remaining 50.03% stake in its solar joint venture, Lightsource BP, for £254 million. This acquisition, first announced in late 2023, underscores BP’s ambitious strategy to become a leader in renewable energy as it pivots from traditional fossil fuels […]
In a landmark move that could reshape Greece’s banking landscape, Attica Bank’s shareholders have approved the long-anticipated merger with Pancretan Bank. The merger is set to create Greece’s fifth largest lender, positioning it as a formidable competitor among the country’s financial institutions. The deal, which follows months of speculation and planning, is viewed as a […]
Greece’s most devastating wildfire of the year engulfed the northern suburbs of Athens on Monday, forcing thousands to flee as it consumed homes, cars, and forests, shrouding the city in a thick veil of smoke and ash. As the fire continued to rage out of control, Greece called upon fellow European Union members for assistance, […]
In a landmark development for renewable energy in Greece, the Enipeas solar project has officially commenced, spearheaded by a partnership between Ameresco Sunel Energy SA and Lightsource bp. This ambitious project, one of the largest solar energy initiatives in Europe, underscores Greece’s commitment to advancing sustainable energy solutions and boosting economic resilience. Enipeas Solar Project: […]
In a race against time and nature, dozens of firefighters, supported by a fleet of 12 water-carrying planes, are tirelessly working to contain a fierce wildfire that is dangerously close to a critical nature reserve on Mount Parnitha, just 12 kilometers north of Athens. The fire, fueled by gale-force winds, has become a significant concern […]
The Government of Greece has officially announced its decision to acquire 35 UH-60M Black Hawk helicopters, solidifying a significant enhancement to its defense capabilities and modernization efforts. This procurement, facilitated through a Foreign Military Sale from Sikorsky, a Lockheed Martin company (NYSE: LMT), underscores Greece’s commitment to bolstering national and allied security missions across the […]
In a landmark move for Greece’s energy sector, RWE Renewables Europe & Australia, in partnership with PPC Renewables, has taken a decisive step towards the country’s green transition through their joint venture company, Meton Energy S.A. This collaboration has led to the final investment decision for the construction of Orycheio Dei Amynteo solar farm (Amynteo […]
Spanish renewable energy developer Ecoener is making significant strides in its international expansion plan with a substantial €300 million investment in the Greek market. Established in Greece through its subsidiary Ecoener Hellas in March 2023, the company is developing a substantial renewable portfolio of 350 MW, for which it has recently obtained the first administrative […]
In a significant move that streamlines its operations, British electrical and telecommunications giant Currys Plc has finalized the sale of its Greek and Cyprus retail business, Kotsovolos, to Public Power Corporation S.A. for an enterprise value of €200 million. This pivotal transaction follows a comprehensive strategic review announced in June 2023, underscoring the company’s resolve […]
UniCredit and Alpha Services and Holdings have cemented their collaboration with a merger of their Romanian subsidiaries. This strategic move will establish the third-largest bank in Romania by total assets, a testament to Romania’s growing financial market. UniCredit Romania and Alpha Bank Romania, both recognized players in the corporate and retail sectors, will combine their […]