Energy company Volterra plans to make a return to renewable energy production through the establishment of a fully-owned subsidiary iXion, after the sale of a portion of its RES portfolio last June to PPC Renewables, totaling 112 MW in wind and solar projects.
Besides renewable energy production, Volterra’s iXion subsidiary also plans to expand the company’s presence into new domains such as electro-mobility, energy-saving projects, as well as solar energy system installations at residential and business properties for net metering purposes.
Volterra, one of the Greek energy market’s oldest independent players and a member of the AVAX construction group, will now focus only on electricity and gas trading and supply.
Volterra CEO Panos Nikou said that the company has always operated on the basis of a robust business model, which provided the company with flexibility to face unprecedented market challenges and difficulties that emerged in early 2021. The establishment of iXion is based on Volterra’s expertise and strength of the AVAX Group and the aim is to start making serious impact in the domains it has chosen to enter in 2023 and 2024.