FRV acquires a majority stake of the largest battery energy storage system (BESS) project in Greece
- FRV has announced the acquisition of a majority stake in a 600 MW battery energy storage systems project portfolio under development in Greece.
- The portfolio is divided into several facilities under development by Greek developer Wootis.
- It is the largest commercial operation in the field of electricity storage with battery systems under development in Greece.
Madrid, 7th November 2022
Leading developer of sustainable energy solutions, Fotowatio Renewable Ventures, as part of Abdul Latif Jameel Energy, has announced the acquisition from Greek developer Wootis SA of a majority stake in a 600 MW battery electricity storage systems (BESS) project. Divided into several facilities spread across Greece,
This marks the successful completion of the largest commercial operation in the field of electricity storage with battery systems in Greece. All the projects are well advanced in the development. This venture will maximize FRV deep knowledge in the BESS technology and Wootis large experience in the Greek development environment. The projects will come into fruition between Q4 of 2023 and Q2 of 2024.
In addition to the 600 MW of the initial projects, the parties will also collaborate in new developments in the country.
Wootis SA is one of the pioneering Greek companies in the renewable energy industry. Specializing in asset management, it offers integrated services to operating renewable energy stations. With one of the largest and most sophisticated monitoring centers in Europe, in operation since 2015, Wootis provides integrated technical and commercial management and aggregation services, as well as maintenance and operation (O&M) services at wind and PV stations.