We advised ELSEWEDY ELECTRIC SAE, a global leader in the energy sector, on the development, financing and construction of a 50MW/100MWh standalone Battery Energy Storage System (BESS). The project was selected in the first RAE Standalone Battery Storage Tender and will operate under a long-term Operational Aid Agreement with Greece’s renewable energy sources operator (DAPEEP).
POTAMITISVEKRIS supported Elsewedy on negotiating the project documents, as well as the financing documents, on the first project financing for standalone battery energy storage projects in Greece, co-financed by the Recovery and Resilience Facility (RRF) and National Bank of Greece. This project represents a pivotal step in transforming Greece’s energy market.
Our Energy & Project Finance team on this transaction was led by Euripides Ioannou (Partner) and Senior Associates, Nikolaos Kampantais and Vasilis Tsintavis, supported by Associates Erato Zeliou, Katerina Gerari, and Lenia Theodoropoulou.
We are proud to have contributed to this milestone project, pioneering a sustainable energy future for Greece!

We advised NATIONAL BANK OF GREECE (NBG) on a €145 million project financing for the construction of 180 MW photovoltaic projects, sponsored by Metlen Energy & Metals. The project will be co-financed by the Recovery and Resilience Facility (RRF) scheme and the electricity generated from the project will be purchased under a corporate power purchase agreement (PPA). The transaction was led by Euripides Ioannou, Partner, and Nikolaos Kampantais, Senior Associate, who were supported by Associates Erato Zeliou, Giannis Malikoutis and Lenia Theodoropoulou.