Hamburg/Kozani, April 14, 2026
With construction ongoing and a long-term PPA signed, Luxcara expands its European energy infrastructure portfolio to Greece
- The 83 MWp solar PV plant will comprise approximately 130,000 PV modules on single-axis trackers to optimize energy yield.
- Luxcara secured a long-term pay-as-producedPower Purchase Agreement (PPA) with Amazon for the project.
- The project’s financing structure includes contributions from Greece’s Recovery and Resilience Facility (RRF), financed bythe European Union – NextGenerationEU, under Greece’s national plan ‘Greece2.0’, as well as from Piraeus Bank and Optima bank.
- Luxcara has signed an Engineering Procurementand Construction (EPC)contract with Ameresco Sunel Energy S.A., and construction is already underway.
Luxcara, a leading independent German asset manager for energy transition infrastructure projects,reached financial close for its first energy infrastructure investment inGreece. The project, located in Kozani, Western Macedonia, Greece,will have a total nominal capacity of 83 MWp. The financing includes contributions from Greece’s Recovery and Resilience Facility (RRF), funded by the EuropeanUnion – NextGenerationEU, under Greece’s national plan ‘Greece 2.0’, as well as from Piraeus Bank and Optima bank.
Additionally, Luxcara has secured a long-term pay-as-produced PPA with Amazon. It marks Luxcara’s second renewable energy agreement with Amazon, following the large-scale PPA fromthe 750MW+ Önusberget Wind Farm in Sweden.
Lorenz Hahn, Investment Manager at Luxcara, says: “Reaching financial close for ourfirst investment in the attractive Greek market underlines Luxcara’s commitment to expanding our European footprint. We are delighted about the renewed collaboration and trust from Amazon as a strong offtaker. This transaction is a great example of how Europe’s growing electricity needs can bemet with renewable energy, supporting European energy independence andfuture-proofing industries.”
Having acquired a majority stake in the project in 2024,Luxcara awarded the EPC contract to Ameresco Sunel Energy SA, a joint venture between Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and Sunel Group, aleading international solar PV EPC contractor. They will install about 130,000 PV modules on a one-axis tracker system to optimize energy yield. By tracking the position of the sun and thereby optimizing the alignment of the modules,tracker-mounted PV modules can capture more irradiation than fixed-mounted modules.
About Luxcara
Luxcara is an independent asset manager offering equity and debt investment opportunities to international investors in the global energy-transition infrastructure market. The Hamburg-based company acquires, structures, finances and operates energy projects with a long-term buy-build-operate approach. Luxcara’s portfolio includes investments across several European countries and comprises wind and solar PV assets, battery storage systems, charging stations for electric vehicles, and electrolyzers for the production of green hydrogen. With a track record dating back to 2009 and a team of more than 80 energy specialists, Luxcara ranks among Europe’s most experienced asset managers in energy transition infrastructure.
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Media contact for Luxcara:
Marcel Peter, Head of Communications and Stakeholder Engagement
T: +49 1514 1977862
E: press@luxcara.com
