Established in 2023, FARIA Renewables has emerged as a leading independent power producer. Focusing on wind, solar and battery storage, the company is accelerating Greece’s transition to a diversified energy grid. 

From a standing start, FARIA Renewables has rapidly built its €200 million renewables portfolio—with ambitions for significant continued expansion. Here, President and CEO Thalia Valkouma outlines the company’s founding vision and its plans for targeted growth, market innovation and strategic partnerships that will drive the next phase of development. 

Q: What is the vision behind FARIA’s evolution? 
FARIA Renewables was established with the goal of becoming a leading independent power producer using renewable energy sources. Since my appointment as President and CEO in 2023, the vision has been to prioritise the diversification of renewable technology, sustainable growth and technological innovation while creating effective teams within the company and working with strategic partners.
From the first moment, our aim was to establish a solid foundation for our portfolio, expand successfully, understand the regional dynamics and always be a few steps ahead in decoding the market—anticipating how it will evolve and making the necessary moves to adapt to changes.
Key decisions that define my tenure include diversifying and optimising our project pipeline across renewable energy sources, which is why we are not dedicated solely to solar or wind energy. We are also investing in advanced energy storage solutions. I strongly believe that storage is crucial for the expansion of renewable energy projects and markets and critical for grid stability and the renewables future.

Q: What is your strategy for expansion?
Our goal was to expand from 2,000 MW to over 5,000 MW within five to six years when we started the company in 2023. We wanted to be a unique player in the Greek energy landscape. We are also targeting more than 500 MW of projects within the next three years, and we are currently positioned at over 200 MW either under construction or in operation. This demonstrates our commitment to rapidly scaling renewable capacity and contributing to Greece’s energy independence.
Aside from developing projects in-house, we are also focusing on M&A activities and managing the full project life cycle, which enhances our GDP contribution, market presence and role in the sector. From the start, we have been active and aggressive in M&A, and we are acquiring projects to construct, operate and manage them in an optimal way.  

Q: How do you aim for FARIA to be perceived by German investors and partners? 
I aim for FARIA to be perceived as a reliable, innovative and forward-thinking leader in the renewable energy sector. That is one of the reasons we are expanding so rapidly; we need to maintain momentum at all times. We want international investors, partners and clients to see us as a strategic partner that combines technical expertise with a strong commitment to sustainability and the environment.
We have always sought long-term partnerships, especially since the start of the energy transition in Europe. I want FARIA Renewables to be a model for the energy transition in Greece, Europe and worldwide through the development of innovative energy solutions that combine corporate growth with the balanced development of the environment and local communities. 

Q: How can FARIA support German investors considering the Greek renewables sector? 
German companies are among the biggest investors in Greece, especially in the renewable and sustainable sectors. We have good collaborations with several German companies in the energy sector. I believe that we can share with German companies our extensive experience and expertise in renewable energy and sustainable practices.
There are investment and collaboration opportunities for companies in these sectors, as Greece is an attractive market. This includes onshore wind projects, storage investments, green hydrogen investments and more, but certain parameters should be taken into consideration to ensure we are targeting the most successful solutions. FARIA Renewables believes that synergies help with corporate expansion. We have the ability to collaborate with German and other global companies through joint ventures and partnerships. We believe that such synergies are the future.  

Q: How significant is your upcoming battery storage project under the National Recovery and Resilience Plan?
This project is a milestone that underscores our capacity as an innovative energy producer and distributor in Greece. It also adds significant value to our portfolio by providing stability and enabling better integration of renewable energy. Storage is the next major area not only for the Greek market but for the European markets. FARIA Renewables is the first company in Greece to have finalised successfully and in high standards the construction of a large-scale BESS project. It is satisfying to see the project ready to start operation.
Additionally, we aim to expand our BESS portfolio. We are participating in the auction for additional storage projects and have already submitted 250 MW of BESS, with more than 800 MWh in total. Other projects in the pipeline include solar and wind farm utilities, as well as green hydrogen, data centres and other innovative initiatives. All of these create a diversified, resilient energy infrastructure. We have over 200 MW of renewable energy projects in our portfolio, worth more than €200 million in capital to date. The company’s goal and plans are to more than double these figures in two to three years. With dedicated experts who are determined to succeed, the energy sector continues to offer significant investment potential.