Piraeus Equity Partners, a company of Piraeus Bank Group, and Positive Energy entered into a strategic partnership aimed at implementing an investment program for the installation of photovoltaic systems on industrial rooftops. Piraeus Equity Partners together with its subsidiary, Piraeus Equity Advisors, are the private equity investment arm of Piraeus Bank Group. Positive Energy is one of the leading EPC providers in Renewable Energy Sources solutions in Southeastern Europe.
The first phase of this cooperation is the installation of two 1MWp photovoltaic systems on industrial rooftops in Northern Greece, and is currently the largest photovoltaic project to be implemented on industrial rooftops. The construction of the project has been undertaken by Positive Energy, which builds turnkey photovoltaic projects and has a significant project portfolio throughout Greece. By implementing an ambitious investment plan and through its private equity company, Piraeus Bank Group, strengthens its significant contribution towards “green” and sustainable development through fund-related investments.
Mr. Konstantinos Mavros, Chief Executive Officer of Positive Energy, stated, “We are very happy to announce our cooperation with the Private Equity Companies of Piraeus Bank. This investment will lay the ground work for a strategic partnership in the context of the ambitious investment plan of one of the most powerful financial Groups in Greece. We would like to thank Mr. Loukas Pilitsis, Chief Executive Officer and Ms. Tereza Farmaki, Chief Investment Officer of the Private Equity, Group of Piraeus Bank for our excellent cooperation and we are looking forward to further strengthen and expand our cooperation with many more projects. The Private Equity of Piraeus Bank is a prestigious institutional investor and we look forward to the dynamic continuation of our partnership through equally important projects which are in line with our common intention to implement investments that not only bring financial returns but also contribute to society and the environment.”
