Hamburg‑based asset management company Luxcara has reached financial close on its first energy infrastructure investment in Greece: an 83 MWp solar project in Kozani, Western Macedonia. The financing package combines capital from Greece’s Recovery and Resilience Facility (RRF) under the EU’s NextGenerationEU framework, as well as debt from Piraeus Bank and Optima Bank.

The project has secured a long‑term pay‑as‑produced power purchase agreement (PPA) with Amazon, marking Luxcara’s second major renewable energy deal with the hyperscaler after the 750 MW+ Önusberget wind farm in Sweden. The Kozani site will install around 130,000 photovoltaic modules on a single‑axis tracker system, which follows the sun’s path to maximise irradiation capture and energy yield compared with fixed‑tilt layouts.

Luxcara, which bought a majority stake in the project in 2024, has handed the engineering, procurement and construction (EPC) contract to Ameresco Sunel Energy SA, a joint venture between Ameresco Inc. and the Sunel Group.

Investment manager Lorenz Hahn said the transaction underlines Luxcara’s commitment to expanding its European footprint and demonstrates how large‑scale renewables can meet rising electricity demand, strengthen energy independence and support industrial decarbonisation.

Luxcara, active since 2009, manages a diversified portfolio of wind, solar PV, battery storage, EV-charging infrastructure and green hydrogen electrolysis assets across multiple European markets.

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