Piraeus Bank S A : finances National Energy Holdings
November 10, 2020 at 07:53 am EST
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Piraeus Bank finances the construction of five solar PV projects in Greece with total generating capacity of 24 MW from National Energy Holdings, an international investor in renewable energy.
National Energy, headquarted in London, is financed by US Investors and was formed as platform for the development, construction and long-term operation of renewable energy assets, with a focus on solar photovoltaic and wind projects.
The financing of the transaction, amounting to 22 million euros, is part of the Bank's strategy to support green investments and finance projects that contribute to the transition to a sustainable economy.
As Ms. Eleni Vrettou, Executive General Manager of Corporate & Investment Banking in Piraeus Bank, points out, 'Piraeus Bank remains close to its customers in the difficult circumstances of the pandemic, providing them the appropriate solutions to proceed to investments with added value for the economy and society, utilizing its expertise and high-standard personnel. Especially in the sector of renewable energy sources, the Bank maintains its leading position, having financed a portfolio that exceeds 1.7 GW in capacity, and is expanding its activity, encouraging customers to invest in activities that promote sustainable development'.
Athens, 10 November 2020
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Piraeus Bank SA published this content on 10 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2020 12:52:04 UTC
Piraeus Financial Holdings SA, formerly known as Piraeus Bank SA, is a Greece-based banking institute. It operates in the following main business segments: Retail Banking, Corporate Banking, Investment Banking, as well as Asset Management and Treasury. The Retail Banking segment includes the retail banking operations of the Bank and its subsidiaries, which are addressed to retail customers, as well as to small-medium companies, such as deposits, loans and letters of guarantee, among others. The Corporate Banking segment includes facilities related to corporate banking, provided by the Bank and its subsidiaries, addressed to maritime companies, such as syndicated loans, project financing and imports-exports, among others. The Investment Banking segment includes activities related to investment banking operations of the Bank and its subsidiaries, such as investment and advisory services, underwriting services and public listings, as well as stock exchange services, among others.
PIRAEUS FINANCIAL HOLDINGS S.A. 
