ROKAS Renewables

ROKAS RENEWABLES, A PIONEER IN THE DEVELOPMENT OF WIND ENERGY IN GREECE

BRIEF DESCRIPTION OF HISTORY

C. Rokas S.A. (Rokas Renewables) has pioneered wind energy development in Greece maintaining its business focus on renewable energy since the 1990s. Sustainable growth had always been at the core of Rokas Renewables' corporate values and drive.

Operating as a vertically integrated company, meaning all business aspects are run and developed in-house. From design and development across to construction, operation and maintenance of projects are done internally.

Iberdrola found in Rokas Renewables an ideal business partner to join forces and pursue a shared ground-breaking vision, completing its acquisition in 2007.

The scope and depth of the company's activities serve to underline the magnitude of the added value that Rokas Renewables has brought into the sector and the important impact it has created for both the Greek and the European renewables market. Consequently, during the first decade of the second millennium Rokas Renewables became a market leader by embracing more technologies (mainly photovoltaics) and Greece's favourable competition conditions.

Today, Rokas Renewables maintains its position among the leaders in the Greek wind energy market in terms of installed capacity, with a solid incentive to accelerate its growth even further.

ACTIVITIES & PROJECTS

Rokas Renewables currently, operates 21 wind farms and 4 photovoltaic (PV) parks with a total installed capacity of 335.1 MW, spread across Greece (in the regions of Central Greece, Crete, Thrace, Thessaly, the Peloponnese and Dodecanese) and Cyprus. By the end of 2022, the company plans to connect three new wind farms in Greece amounting to 106 MW and bringing total capacity to 441.5 MW.

All under construction projects are auction awarded.

Also, the company is developing a resilient and dynamic pipeline of new projects with a balanced mix of mature wind and PV projects in Greece, with plans to install 360 MW additional capacity by 2025.

BUSINESS/COUNTRY OUTLOOK (GROWTH PERSPECTIVES)

Global climate change policies further reinforce the role of renewables in the European energy transition. The pursuance of a solid RES investment programme is not only a necessity for Greece but also a one-way solution for sustainable growth.

The energy generation transition highlights the comparative advantage of Greece's renewable energy market, from an investment point of view, which demonstrates significant wind and solar prospects.

Additional opportunities for the country's energy sector will come from further implementing the islands' grid interconnection as well as the development of the country's offshore wind industry, energy storage and hydrogen technologies.

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