Greek Alpha Bank has committed to financing the construction of four new solar power plants in Greece, with a total capacity of 267 megawatts. These projects will be developed by local subsidiaries of the investment fund managers Foresight and Mirova.
The financing package, coordinated solely by Alpha Bank, includes support from Greece’s Recovery and Resilience Facility. Alpha Bank will act as the exclusive lead arranger and lender for the initiative. A loan agreement has been signed with Consortium Solar Power Systems, a joint venture between Foresight Energy Infrastructure Partners 1 and Mirova Energy Transition 5.
The solar power plants are scheduled to be built in the Thessaly region, specifically in the areas of Farsala and Fthiotida. The total investment for the development is projected at 316 million euros. Of this amount, 109 million euros will come from the Recovery and Resilience Facility, 145 million euros will be secured through a bank loan, and 73 million euros will be covered by equity contributions.
This project marks the first fully new solar development in Greece for both Foresight and Mirova, signaling a major milestone in their efforts to expand renewable energy operations in the region.
