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VALOREM 's first wind farm on Mount Askio, Kozani : The 27 MW landmark project "cuts the ribbon" on May 22
PRESS RELEASE May 21, 2025
VALOREM 's first wind farm on Mount Askio, Kozani
The 27 MW landmark project "cuts the ribbon" on May 22
At an event held yesterday in Athens, VALOREM, a leading French Renewable Energy Group, highlighted the importance of the “Anatoliko Askio - Magoula” project, announcing its official inauguration on May 22. The project is an important milestone for the energy transition in Greece, but also for the company's long-term strategy in our country.
In the presence of the Ambassador of France to Greece, Ms. Laurence Auer, the Head of the Regional Economic Service for South-East Europe, Mr. François De Riconflis, and representatives of the state, local government and the energy sector, VALOREM’s management detailed the multifaceted positive impact of the project on the local community, the environment, and the strengthening of RES participation in the country’s energy mix.
The “Anatoliko Askio - Magoula” wind farm is located northwest of Kozani - in an area with special symbolism, as it was for decades the epicenter of lignite production. Today, the project is becoming a reference point for the transition to green energy.
The park includes 6 VESTAS V 150 (4.5 MW each) and is expected to produce 68 GWh per year — energy sufficient to meet the needs of 18,000 households — while preventing the release of 25,706 tons of CO₂ each year. The energy produced is channeled into the national grid through a PPA contract with the company OPTIMUS and HERON, ensuring price stability and the financial viability of the project. Furthermore, the wind farm has signed a 20 years state aid « CfD » contract. Currently suspended, the CfD contract will resume when the PPA contract ends.
The project’s benefits for the local community are multifaceted: partnerships with local contractors, strengthening of the local supply chain, road infrastructure upgrades, easier snow clearance and year-round access to the area. Beyond these direct improvements, the project also channels tangible value into the local territory: it generates revenue for the local economy through job creation—both direct and indirect—collaboration with regional businesses, and the purchase of goods and services from nearby providers. Additionally, community life has been actively supported, with schools, sports clubs, and local associations benefiting from targeted assistance. Lastly, the project has contributed to the development of key infrastructure, including a reliable road link connecting Vlasti to the villages of Galatini and Eratira, ensuring safe and functional access even in winter.
The inauguration ceremony of the project took place on May 22, at the park in Vlasti, Kozani, with the participation of representatives of the local government and residents of the wider area, as the Group wants to honor the local community of which it is now a member.
Thomas Stavrou, Country Manager Greece VALOREM, stated:
“The Anatoliko Askio - Magoula project is the first step of a long-term investment strategy in Greece. We are here to offer clean energy in a fair, participatory and sustainable way. For us, every RES project is an opportunity to return value - and this is something we put into practice.”
Jean-Yves Grandidier, Founder and President of VALOREM Group, stated:
“As a mission-driven company, VALOREM amlso ais to bring into Greece all the good practice and the creativity we learned along our 30 years of experiences in France and abroad like: crowdlending opportunities, more local job creation and biodiversity improvement.”
During the office opening event in Athens, VALOREM’s top management also presented the next projects that are in the development phase in Greece, — a portfolio totaling 167 MW of wind power and 348 MW of solar capacity — reaffirming its strategy for a long-term presence in our country. In this context, the company is also investing in innovative technologies such as agrivoltaics and energy storage solutions — key pillars of a resilient and sustainable energy future.
About VALOREM
An independent French operator in the field of green energy for over 30 years, the VALOREM Group masters the entire process of harnessing renewable energies, from development to operation and maintenance, including project management, construction and auditing services.A wind power pioneer in France, VALOREM employs over 520 people and has operations in Greece, Finland, France, Poland and Sweden. The group has financed the installation of over 900MW of renewable electricity and has a portfolio of over 7.5 GW of projects under development. In 2024, its assets produced 1.4 TWh of green electricity.
VALOREM is a company with a mission: “Working together to make the most of local energies, to pave the way for a sustainable future based on solidarity”.
Contact
Camille GIRARD – Head of the Communications Department +33 (0)6 46 30 71 85 – camille.girard@valorem-energie.com
