The CEO of DEPA Emporia, Kostas Xifaras, I learn that he is speeding up the green transformation of the company, seeking in this way the further verticalization of the group.
This is how the competitions for the first photovoltaics are in the air…
The contests
I learn that these are two tenders concerning the development of photovoltaic parks with a capacity of 500 MW.
And as commented on the market, the fact that DEPA Emporias came out with a large portfolio of 500 MW projects on the market also shows the determination of the Xifaras management to quickly run its evolution into a vertical group.
The first tender amounts to 239.8 million euros and the second has a budget of 56.9 million euros. They reach 300 million euros and the total portfolio of photovoltaics comes from North Solar, which DEPA Emporias had acquired about two years ago.
Crowding
As I am informed about the two tenders, there is a crowding of large and small construction companies in order to submit offers.
Perhaps for this reason, according to my information, the two competitions before well, well started were extended. The original date was set for today, September 12, and the new deadline that was decided is September 27…
Mr. Xifaras is not the only one running
In this sector, however, I learn that the Greek billionaire George or George Sakellaris is also very active.
The president and CEO of Ameresco Sollar, with a market capitalization of 1.6 billion on the Nasdaq, is now in close cooperation with several “big men” in the energy sector in Greece.
In the last 4 years, it has undertaken various wind and photovoltaic projects, through subsidiaries, while “running” three large ones recently.
In fact, I learn that he is particularly interested in the Southern Peloponnese, near his birthplace, especially in Laconia and Messinia.
In fact, at the end of August, he also threw a big feast in his village, Vassara Spartis.
The mayor of Kalamata and the president of the Peloponnese Chamber of Commerce were also there!
The needs are growing…
Of course, in another region, among the abundant wine that once flowed and was called Savvatiano, they prefer other… “cultures”.
These are now called data centers.
And I’m clearly talking about Mesogeia, which once had some of the best wines in Greece.
So after Microsoft, Data4 announced a large investment of 300 million euros for the development of a new data center campus.
In Peania
The new campus will be built on a plot of land in Peania and will be powered by up to 90 MW.
Approximately 500 people will be employed as permanent staff.
The seal of bankruptcy
Of course, at the other end of mainland Greece, things are not too rosy.
Especially in the once strong industrial area of Kilkis.
When the TIF lights will have gone out and the businessmen will have returned to their base, on October 2nd the Kilkis Court of First Instance will approve another bankruptcy, largely predetermined.
The textile industry is dying out
I am obviously talking about Fieratex, of the Anezoulakis brothers. And the administration may be talking about banks refusing new loans or regulating existing loan obligations, which have become overdue (2 million out of 5 million in total), but the problems are structural.
For the whole industry and not what’s left of it.
The market does not forget the Greek Textile Industry (Akka), the Clonatex (Lanara) and the Naoussa Spinning Machines.
After all, Varvaresos’ path towards bankruptcy does not seem to be averted, while Epilectos is also recording large losses.
Northern Greece is sick and the workers (?) who want to stay in the region are also sick.
And we are still discussing the benefits of the workers in Varvaresos.
Again, it’s good that there is also Kri-Kri
Again, it’s good that there is also Kri-Kri and something is moving in Northern Greece. With most of its turnover, of course, from abroad, while it is also preparing for the American market.
With six new codes, it will unlock a market that if anything has been targeted by many.
Evangelos Mytileneos flashed again
Evangelos Mytileneos also sees this and of course much more and once again rang the bell in Brussels.
To the theoretical economists of Brussels, who have long since moved away from reality, as he himself mentions.
And they must listen to him, because his weight is not limited to the leadership of Metlen Energy & Metals, he is also the President of Eurometaux.
The occasion this time was the Mario Draghi report on the competitiveness of Europe.
“Europe cannot afford to treat this report as a passing social media flare,” he said.
The “support” of JP Morgan
The new analysis of JP Morgan on Greece caused me a feeling.
I remind you that the American bank is the consultant and leader for the international coordination of the disposal of the remaining 18.39% of the National Bank.
JP Morgan, therefore, published an analysis and more or less said that it does not see any other catalysts for the Greek market.
He also said that the recovery trade of Greek banking stocks has come full circle, with their valuations having largely closed the gap with those of European banks.
At the same time, the management of the National Bank is in London on a roadshow, presenting the bank’s prospects to investors.
He reinstated the recommendations for the upgrade of the AXA
The equally interesting point of JP Morgan’s analysis is that it reiterates its position on a possible upgrade of the Greek market to the developed ones.
He had mentioned it last spring, he said it again.
“A bad idea will ruin a good stock market” (Greece: Don’t let a bad idea ruin a good stock market)… don’t let it.
And this prompt came a few hours after the management of HEXA explained to the Union of Institutional Investors the benefits of the upgrade.
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