Energy company Volterra aims to make a dynamic return to renewable energy production through the establishment of iXion, a fully-owned subsidiary, after selling a section of its RES portfolio last June to PPC Renewables, which, as a result, acquired 112 MW in wind and solar energy projects.
Besides renewable energy production, Volterra’s iXion subsidiary also aspires to expand the company’s presence into new domains such as electromobility, 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 – 13 years old – and a member of the AVAX construction group, one of the country’s biggest, will now purely focus on electricity and gas trading and supply.
“Volterra 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,” Panos Nikou, CEO of Volterra and iXion Energy, told energypress. “The establishment of iXion, a wholly owned subsidiary of Volterra, is based on Volterra’s expertise and strength of the AVAX Group. iXion aims to leverage the vast experience of its executives and the accumulated expertise, virtues and skills of its staff in general,” he added.
iXion aims to start making serious impact in the domains it has chosen to enter in 2023 and 2024, the chief executive noted.