Two of Greece’s most powerful business groups are joining forces in
Two of Greece’s most powerful business groups are joining forces in the energy sector for the development of one of the largest hybrid renewable energy power generation projects in Greece.
Shipping group Tsakos, established in 1970 by captain Panagiotis N. Tsakos, and industrial and energy specialist Metlen have formalised the launch of their partnership through Metlen’s entry into an existing Special Purpose Vehicle (SPV) of Tsakos Group.
“The formalisation of the launch of our partnership with Tsakos Group through the now joint SPV represents another substantial step towards the implementation of a highly significant investment for the Greek energy market. Large-scale hybrid projects, combining renewable power generation with storage, are at the core of the new energy system,” said Evangelos Mytilineos, executive chairman of Metlen.
