Remaining loyal to its core values, TTSA S.A. has decided to expand its business activities in the Renewable Energy Sector by completing the acquisition of a 35% share of the Greek Company, R ENERGY 1 S.A, at the closing of 2020.
TTSA has been a firm believer in a collaborative approach towards sustainability, a key driver of innovation and technology. Integrating sustainable practices has been surpassed by businesses transforming the market itself to become more sustainable.
Following a long period of reforms, the Greek Economy is presenting a new landscape of investing opportunities. Taking advantage of the Greek Renewable Energy Market’s main characteristics (high degree of sunlight, attractive tariffs, secure 20-year contracts with PPC), this industry is already proving to be a main driving force of the country’s economy.
R ENERGY 1 SA (r-energy.gr) is a Greek company based in Athens. The company was founded in 2012 with the purpose of investing within the Renewable Energy sector. It went public in August of 2016, with its shares currently listed on the Cyprus Stock Exchange (Secondary Market) under the quote “ROEN”.
Since its founding, R Energy 1 aspired to become a company that will perform significant investments within the Renewable Energy Sector. Its basic philosophy derives from the belief that Renewable Energy Sources will play the most prominent and transformative role in the evolution, that currently takes place in the World Energy sector.
Mr. Georgios M. Rokas, major shareholder of the Company, holds extensive experience in the Renewable Energy Sector. Being true pioneers of the industry, the Rokas family were the founders and key shareholders of “Rokas Group”, one of the first companies of the Greek Renewable Energy Sources Market, which was acquired by the Iberdrola Group in 2007.
R Energy 1 incorporates a dynamically developing range of high-standard photovoltaic parks. Within the domain of electrical infrastructure, the company has significant experience and essential engineering capabilities for the successful integration of solar power to the grid.
Currently operating PV Park Clusters with a combined nominal Power of 19,2 MW, R Energy’s power capacity is expected to increase to an over 59,2 MW pipeline, to be completed within 2022 through the construction of 40 New PV Solar Parks, as well as wind farms, both already secured and in progress.