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4 clusters · 21 sources · 30 days · First seen · Last updated

AKTOR infrastructure and renewable energy expansion

Overview

AKTOR is transitioning from a traditional construction firm into a diversified infrastructure group, targeting a long-term EBITDA exceeding €600 million. This expansion focuses on concessions, renewable energy, energy storage, the circular economy, and LNG. As part of its energy strategy, AKTOR is developing a renewable energy pipeline of 1,728 MW. As of the first half of 2026, the portfolio includes 197 MW of operational or ready-to-connect projects, with 215 MW in the ready-to-build or construction phase. The company’s renewable energy turnover grew to €4 million in the first half of 2026, up from €2 million the previous year, while adjusted EBITDA rose to approximately €3 million. Additionally, the group is developing an LNG supply chain originating in the United States to serve Southeast European markets. To support an investment program estimated at €3 billion through 2031, the group has raised €950 million through bond issuances and capital increases. In the first half of 2026, the company reported a turnover of €649 million. Reported EBITDA rose by 38% to €91 million, while pro forma EBITDA—accounting for the full integration of acquired companies—increased by 85% to €120 million. CEO Alexandros Exarchou addressed financial stability, noting that total net debt stands at €429 million, or 1.9 times EBITDA. He clarified that if debt related to the Moreas concession is excluded, the leverage ratio falls below 1.0 times EBITDA, with net cash exceeding €700 million. Construction delays have been attributed to common public works challenges, including archaeological finds, design changes, and incomplete expropriations. By October 2026, the group reported an unexecuted backlog of €4.5 billion, providing revenue visibility through 2029, and is targeting an additional €12 billion in new infrastructure and energy contracts.

Entities

Aktor · Alexandros Exarchou · New Spes Concept · AKTOR Renewables · AKTOR Group

Timeline

  1. [BUSINESS] 7 sources
    AKTOR targets €12 billion in new infrastructure and energy contracts

    AKTOR targets €12 billion in new infrastructure and energy contracts, focusing on LNG and renewables, while CEO Alexandros Exarchou defends the Vertical Corridor initiative.

  2. [BUSINESS] 2 sources
    AKTOR unveils strategic energy expansion plan

    AKTOR is expanding its energy footprint through renewable energy, storage, and an LNG supply chain from the US to Southeast Europe, with a renewable energy pipeline reaching 1,728 MW.

  3. [BUSINESS] 4 sources
    AKTOR targets long-term growth through infrastructure diversification

    AKTOR aims for long-term EBITDA above 600 million euros by diversifying into renewables and concessions, reporting a 120 million euro pro forma EBITDA for H1 2026.

  4. [BUSINESS] 12 sources
    AKTOR acquires 51% stake in DEPA Emporias renewable energy portfolio

    AKTOR Renewables is acquiring a 51% stake in a Greek renewable energy and storage portfolio from DEPA Emporias, involving a total estimated investment of €370 million.

Sources

banks.com.gr · bankwars.gr · businessdaily.gr · cnn.gr · dnews.gr · ekirikas.com · energygame.gr · energymag.gr · ertnews.gr · fortunegreece.com · iefimerida.gr · insider.gr · lykavitos.gr · mononews.gr · onvolos.gr · parapolitikaradio.gr · pireas365.gr · sbctv.gr · tokarfi.gr · tovima.gr · usay.gr

This summary has been updated 2 times: see revision history