Half of the Greek onshore wind park Tsoukes Sarres has been divested by European Energy to Sampension.
- European Energy sells 50% of its Tsoukes Sarres wind park in Greece to Sampension, one of Denmark’s largest pension funds.
- The 27 MW onshore wind project supports Greece’s renewable energy targets and the country’s transition to a more sustainable power system.
- The transaction strengthens the partnership between European Energy and Sampension and enables European Energy to recycle capital into new renewable energy projects across Europe.
European Energy has agreed to divest 50 per cent of its Tsoukes Sarres wind park in Greece to Sampension, one of Denmark’s largest pension funds.
The Tsoukes Sarres project has an installed capacity of 27 MW and consists of six onshore wind turbines. Construction began in September 2024, and the project is expected to be completed in the first half of 2026. Once operational, the wind park will deliver renewable electricity to the Greek power grid and contribute to the country’s efforts to increase domestic renewable energy production.
'This divestment demonstrates our ability to develop and construct high-quality renewable energy assets and bring them together with long-term institutional partners,' says Jens-Peter Zink, Deputy CEO of European Energy.
'By recycling capital from projects like Tsoukes Sares, we can continue to expand our pipeline of wind, solar, and hybrid projects.'
European Energy has an established presence in Greece, where the company is developing a portfolio of renewable energy projects, primarily within onshore wind and solar.
'The Tsoukes Sarres project is a big step for European Energy in Greece. The project reflects our long-term commitment to supporting the Greek energy transition,' says Joanis Duraj, Director & Country Manager for European Energy in Greece.
'This project reflects our ability to deliver assets that combine strong technical design with reliable renewable power generation.'
The transaction builds on the existing partnership between European Energy and Sampension, which already includes joint investments in renewable energy projects in Europe.
'Investments in renewable energy play a central role in Sampension’s strategy to deliver stable, long-term returns to our pension customers while supporting the green transition,' says Torbjørn Lange, Head of Real Estate and Infrastructure at Sampension.
'With the Tsoukes Sarres wind farm, we strengthen our exposure to onshore wind and increase the geographical diversification of our European renewable energy portfolio. We are pleased to continue to expand our strong collaboration with European Energy.'
The divestment supports European Energy’s strategy of developing and constructing renewable energy projects that attract long-term institutional investors, while enabling the company to reinvest capital into new developments across Europe.
Source: European Energy
