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Introduction

The group operates in the domain of electricity, mainly in the development and operation of renewable projects. It is one of the first groups in Greece who worked on the development of renewable energy projects. The foundation of the group took place in 1998.

The group consists of eight (8) companies.

Group has three Small Hydro Power Plants (SHPP) with a power of 6.56 MW and two photovoltaic parks with a power of 867 KW already in operation, and one photovoltaic park under construction with a power of 821,1 KW.

Employs staff consisted of 12 people and has the necessary technical infrastructure to support the development of its activities.

The total fixed assets of the group exceeds the amount of 18 million Euro.

 

History

“Pindos Energy SA” was founded in 1998 by executives with long experience in finance, energy and technical matters.

The first project of the group was constructed in 2001 and was put in operation in 2002. The development of the group continued with the addition of new companies and the development, licensing and exploitation of small hydroelectric projects.

In May of 2000 “Western Holdings SA” was founded. In the year 2002 the group became active in the field of wind energy, with the creation of “Spider Energy SA”. In this company participated with a 50% rate each “Western Holdings SA” and the “Metal Industry SPIDER SA” (Sons N. Petsiou SA).

In the year 2003 the “Energiaki Etoloakrnanias LTD” was established, aiming at the development of renewable projects in Western Greece.

In the year 2006, “Spider Energy SA” was acquired by “MYTILINEOS” Group. At that point “Spider Energy SA” was holding production licenses of 100 MW and approximately 200 MW of wind farms mainly in development.

During 2007 a Small Hydroelectric Power Project of 3.14 MW was built by “Western Holdings SA” at the village Perivoli in Grevena. The plant was made fully operational in February 2008.

In 2007 “Photovoltaics of Western Greece LTD”, was established as the company of the group engaged in the development and exploitation of solar projects.

The year 2008 the company “Pindos Energy Romania SLR” is established. This company represents the group’s effort to acquire and to develop renewable projects in the Romanian electricity market.

The year 2008 the company “Real Estate of Western Greece LTD” was established as the company of the group, which would be active in the field of Real Estate.

At the end of 2008 “Pindos Wind Parks LTD” was established as the company of the group engaged in the development and exploitation of wind parks.

The year 2009 the company “Pindos Renewable Energy Sources LTD” was founded. Its objective is the development and exploitation of energy projects.

In July of 2009 the company “Western Holdings SA” was merged into “Pindos Energy SA”.

In May of 2011 the company “Pindos Energy Services O.E.” was founded.

Today the group continues the development of hydroelectric and wind projects as well as the development of photovoltaic projects and also continues the search for new investments in the energy field in Greece and the Balkans.

 

 

green-energy-39
green-energy-39
green-energy-39

History

“Pindos Energy SA” was founded in 1998 by executives with long experience in finance, energy and technical matters.

The first project of the group was constructed in 2001 and was put in operation in 2002. The development of the group continued with the addition of new companies and the development, licensing and exploitation of small hydroelectric projects.

In May of 2000 “Western Holdings SA” was founded. In the year 2002 the group became active in the field of wind energy, with the creation of “Spider Energy SA”. In this company participated with a 50% rate each “Western Holdings SA” and the “Metal Industry SPIDER SA” (Sons N. Petsiou SA).

In the year 2003 the “Energiaki Etoloakrnanias LTD” was established, aiming at the development of renewable projects in Western Greece.

In the year 2006, “Spider Energy SA” was acquired by “MYTILINEOS” Group. At that point “Spider Energy SA” was holding production licenses of 100 MW and approximately 200 MW of wind farms mainly in development.

During 2007 a Small Hydroelectric Power Project of 3.14 MW was built by “Western Holdings SA” at the village Perivoli in Grevena. The plant was made fully operational in February 2008.

In 2007 “Photovoltaics of Western Greece LTD”, was established as the company of the group engaged in the development and exploitation of solar projects.

The year 2008 the company “Pindos Energy Romania SLR” is established. This company represents the group’s effort to acquire and to develop renewable projects in the Romanian electricity market.

The year 2008 the company “Real Estate of Western Greece LTD” was established as the company of the group, which would be active in the field of Real Estate.

At the end of 2008 “Pindos Wind Parks LTD” was established as the company of the group engaged in the development and exploitation of wind parks.

The year 2009 the company “Pindos Renewable Energy Sources LTD” was founded. Its objective is the development and exploitation of energy projects.

In July of 2009 the company “Western Holdings SA” was merged into “Pindos Energy SA”.

In May of 2011 the company “Pindos Energy Services O.E.” was founded.

Today the group continues the development of hydroelectric and wind projects as well as the development of photovoltaic projects and also continues the search for new investments in the energy field in Greece and the Balkans.

 

 

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Corporate Structure

The group consists of seven companies and its organization chart, according to the shareholding percentage, is the following:

 

Corporate Structure

The group consists of seven companies and its organization chart, according to the shareholding percentage, is the following:

 

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Financial Data

Below are shown organized by the Group’s balance sheet by year and company. Click on the icon to view the sheet you want.

 

 

green-energy-39
green-energy-39
green-energy-39

Financial Data

Below are shown organized by the Group’s balance sheet by year and company. Click on the icon to view the sheet you want.

 

 

Companies

the group consists of the following companies:

 

Pindos energy S.A.

Founded: 1998

Target: Production of electric power through the development of the renewable energy resources.

Energiaki Aitoloakarnanias LTD

Founded: 2003

Target: Project development in the county of Etoloakarnania.

Photovoltaics of Western Greece LTD

Founded: 2007

Target: Development of photovoltaic projects in Greece.

Pindos Wind Parks LTD

Founded: 2008

Target: Developing wind parks in Greece.

Pindos RES LTD

Founded: 2009

Target: Developing projects of renewable energy in Greece.

Pindos Energy Romania S.L.R.

Founded: 2008

Target: Development projects in renewable energy in Romania.

Real Estate of Western Greece LTD

Founded: 2008

Target: Activities in the area of Real Estate.

Power Energy Services AE

Founded: 2011

Target: Operation and maintenance of RES projects.

Certifications

Pindos Energy SA in 2012 as part of Epirus Bussiness Forum 2012 awarded as the best energy company in the continent.
In 2012 the company Pindos Energy Services acquired OE quality assurance certificate ISO 9001:2008

 

 

Certifications pindos energy sa 1 codewild
Certifications pindos energy sa 2 codewild
Certifications pindos energy sa 1 codewild
Certifications pindos energy sa 2 codewild