Resolutions of the Annual Meeting of the Bondholders of the Common Bond Loan (“CBL”) amounting to €4,075,000 of R ENERGY 1 S.M.S.A.
Athens, 28 January 2024 – R ENERGY 1 S.M.S.A. (“the Company”) announced today that the Annual Meeting of the Bondholders of the “CBL” issued on December 22, 2021, amounting to €4,075,000, was successfully held on Monday, January 27, 2025, at 11:00. The meeting was conducted exclusively through electronic means, without the physical presence of the Bondholders or their representatives.
As per the invitation dated December 17, 2024, bondholders representing 68% of the total 4,075 bonds—equivalent to 2,752 bonds—participated in the meeting either in person or through legal representation.
Having achieved the quorum and majority required under the Law and the “CBL” Program, the Company provided an update on the progress of its business plan, which is being implemented with the support of the “CBL.”
During the meeting, Mr. George M. Rokas—the Company’s President and CEO, presented the Company’s key achievements for 2024, focusing on the profitability and development of its projects. In addition, he provided his forecasts for 2025 for the company’s performance, while he presented strategic priorities, and he concluded by giving an overview of the R Energy1’s investment and business plan.
Highlights of the CEO’s speech included:
- Operational Milestones: Successfully secured Grid Connection Terms for 193 MW of renewable energy projects in 2024, demonstrating the company’s strong execution capabilities.
- Project Pipeline Expansion: Significant advancements in the projects in the “Ready-to-Build” and “Advanced Pipeline” phase, reinforcing the target of exceeding 500 MW in installed capacity by the end of 2029.
- Financial Performance: Robust results supported by long-term Power Purchase Agreements (corporate PPAs) and strategic partnerships with leading industrial and corporate clients.
- Strategic Direction: Continued focus on sustainable growth through a competitive RES project portfolio, enhancement of strategic partnerships and fostering stakeholder relationships to generate long-term value.
Mr. Rokas concluded by reaffirming the Company’s dedication to meeting its financial obligations, promoting transparency, and actively contributing to Greece’s energy transition.
About R Energy1 Holdings
Founded in 2011, R Energy1 Holdings builds on over 30 years of expertise in Renewable Energy Sources in Greece, continuing the legacy of C. Rokas SA. With a portfolio exceeding 70 MW of installed capacity from photovoltaic and wind parks, and 400 MW of energy storage capability, R Energy1 Holdings fosters innovation and sustainable energy solutions in Greece.
For further information, please contact:
Rania Bilalaki
Investor Relations Director
T: +30 2108081265
E: ir@r-energy.gr