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Jul 29, 2023

ACQUISITION OF 3 MW COD PROJECT “DIANARY” IN CYPRUS

ABIO Greenergy Acquires 3 MW Operational Solar Project “Dianary” in Cyprus

ABIO Greenergy is pleased to announce the successful acquisition of the 3-megawatt Solar PV Project “Dianary” in Cyprus, an asset that has already achieved Commercial Operation Date (COD). This acquisition marks a significant strengthening of ABIO Greenergy’s operational portfolio and deepens the company’s presence in the Mediterranean renewable energy market.

The Dianary project is a fully constructed and producing solar facility, generating clean, stable electricity and contributing directly to Cyprus’s renewable energy targets. By adding an operational asset to its portfolio, ABIO Greenergy enhances its balance of development-stage and income-generating projects, reinforcing the company’s long-term financial stability and diversification strategy.

The acquisition of Dianary provides immediate environmental and economic impact, delivering measurable CO₂ reductions while producing reliable energy output supported by robust regional demand. Additionally, the project offers a valuable platform for operational optimization and performance enhancement through ABIO Greenergy’s technical capabilities and asset-management approach.

This milestone demonstrates ABIO Greenergy’s expanding versatility — not only developing large-scale greenfield projects but also acquiring high-quality operational assets with strong track records and long-term potential. The Dianary acquisition aligns fully with ABIO Holdings’ mission to build a resilient, scalable, and sustainable energy portfolio across Europe.

With the addition of this 3 MW COD project, ABIO Greenergy continues to solidify its position as a fast-growing leader in the Mediterranean solar market and a key contributor to Europe’s renewable energy transition.