DEPA Commercial S.A.

Bringing the future to the present, DEPA Commercial is investing "green." It has created a strong portfolio of photovoltaic projects with a capacity of over 800 MW, with an immediate goal of exceeding 1 GW. At the same time, it has made substantial progress in utilizing green fuels, hydrogen, and biomethane by actively participating in innovative programs. #DEPACommercial #CleanEnergy #EnergyTransition

Our mission is clear: DEPA Commercial focuses on ensuring energy security, promoting a sustainable future, and containing energy costs. #DEPACommercial #mission

In the context of sustainability, the company has reduced emissions by over 26% in one year by applying ESG criteria and aligning with the UN Sustainable Development Goals. #DEPACommercial #ESGReady

DEPA is taking initiatives to expand and deepen the natural gas market by increasing its share in the LNG transportation sector with tanker trucks through the Revithoussa truck loading services and implementing projects concerning the expansion of the small-scale LNG network. This network enables the supply of industrial customers and heavy duty vehicle refueling stations, laying the foundation for a comprehensive LNG supply network in the country. #DEPACommercial

The European Investment Bank (EIB) grants #DEPACommercial a loan totaling 390 million euros for the construction and operation of solar energy parks across the country. This energy will contribute to the production of approximately 800 MW of renewable energy, capable of powering 278,000 households. DEPA's Chairman Mr. Giannis Papadopoulos stated: "The agreement with the European Investment Bank brings the domestic energy market even closer to a sustainable future. At the same time, this financing is a "landmark" for strengthening the great effort we are making to transform DEPA into a fully integrated energy company that will contribute to the sustainable development of the country through coordinated actions and investments in new technologies and innovative solutions." The company's CEO, Mr. Konstantinos Xifaras, said: "The signing of the loan agreement with the EIB is a milestone for DEPA in terms of the implementation of our plans for renewable energy sources, which are aligned with Greece's goals for the green transition. We continue to focus on the sustainability and energy security of our country while also promoting European climate goals." #DEPACommercial #EIB #RES #ΑΠΕ

Strengthening its energy portfolio and aiming to play a leading role in Europe's and Greece’s green transition, #DEPACommercial has developed a robust photovoltaic portfolio with a capacity of over 700 MW, with an immediate goal of exceeding 1 GW. Simultaneously, it has made substantial progress in the development of green fuels, including biomethane and hydrogen. By investing in sustainability, the company is committed to reducing its environmental footprint by implementing ESG criteria and aligning with the UN Sustainable Development Goals. #Sustainability

#DEPACommercial makes targeted investments to expand its activities, such as acquiring a 29% stake in the new power unit fueled by natural gas, with a capacity of 840 MW in Alexandroupolis. This unit is equivalent to three polluting lignite units and can operate using "green" fuels in the future. Additionally, DEPA recently entered the share capital of FIER THERMOELECTRIC SA with a 35% stake, for the development of a natural gas-fired power generation unit in Albania. #GreenPortfolio

DEPA is actively involved in major international projects, such as the IGB pipeline and the FSRU in Alexandroupolis, which are designed to facilitate the transition to clean energy. Additionally, the company, through its Fisikon network of service stations, is leading the way in green transition and sustainable development. #DEPACommercial

Christos Basdekis, Head of Gas Sales at #DEPACommercial, spoke at the Nisyros Dialogues on Saturday 6/7 about the role energy companies play in the climate crisis and DEPA's next steps in the energy "map". He highlighted, "RES are necessary but not sufficient on their own - Energy requires a holistic approach," emphasizing DEPA's strong presence in the RES sector, with a "green" portfolio exceeding 700MW and aiming for 1GW. Additionally, he mentioned promoting "green" fuels like biomethane and hydrogen, alongside LNG investments, enhancing Greece's role as an energy hub. Finally, he noted that its strategy includes significant investments and collaborations in SE Europe, bolstering its presence in markets such as natural gas electricity and energy stock exchanges, with its goal being the transition to a sustainable energy future with increased clean energy production. #DEPACommercial #Nisyros #nisyrosdialogues

At the Athens Energy Summit, held yesterday and today at the Hotel Grande Bretagne, Mr. Giannis Papadopoulos participated actively. The President of the company outlined DEPA's core strategic priorities, highlighting significant projects such as the IGB pipeline, the Alexandroupolis FSRU and the advanced, 840 MW, power plant in Alexandroupolis. In his address, he discussed the main challenges the energy sector faces in financing projects amidst the current geopolitical and financial landscape. He emphasized the instability of international energy markets, the significant price fluctuations, and the prevailing geopolitical uncertainties. He concluded by underscoring a fundamental pillar of DEPA's strategy: the diversification of investments and essential funding sources. By focusing on renewable energy sources and projects that promote energy sustainability, DEPA aims to enhance the resilience of its energy portfolio. #DEPACommercial #AthensEnergySummit