Copelouzos Group

What Copelouzos Group does

Copelouzos Group is a privately-held Greek diversified conglomerate founded in 1972 and headquartered in Maroussi, Athens, operating across energy, infrastructure, construction, real estate, and out-of-home advertising. Its energy platform spans renewable generation (2,730 MW under development and 488 MW operational through ELICA Group), natural gas supply (PROMETHEUS GAS, ~1 BCM annually), electricity trading across five countries (NECO, ~650 GWh/year), electricity supply to medium-voltage consumers (NOVAERA, 300 MW license), and battery energy storage (825 MW licensed across five Greek sites). It is also developing the flagship GREGY Egypt-Greece electrical interconnector — a 3,000 MW submarine cable project backed by EUR 4.2 billion in planned investment and 8.5 GW of supporting renewable generation in Egypt — and is constructing an 840 MW combined-cycle gas turbine plant in Alexandroupolis (EUR 400 million, hydrogen-capable up to 50%) for Q2 2027 commissioning.

The Group participates in critical Greek infrastructure through long-duration concessions: it is the only Greek private shareholder in Athens International Airport (concession extended in 2019 for EUR 1.403 billion), co-owns Fraport Greece with Fraport AG (14 regional airports under a 40-year concession secured in 2017 for EUR 1.53 billion), and holds a consortium stake in DESFA, the Greek Natural Gas Transmission System Operator (66% acquired in 2018 for EUR 535 million alongside Snam, Enagas, and Fluxys). Construction, facility management, and energy services are operated through REDEX (with an EUR 90 million construction pipeline and ~480,000 sqm under active facility management), while out-of-home advertising runs through Interbus, which holds exclusive rights across 16 Greek airports reaching 81 million passengers. Real estate operations span over 75,000 sqm of commercial and 55,000 sqm of premium residential property.

Revenue mechanics span regulated infrastructure concessions, transactional gas and electricity trading, project-based construction contracts (EPC), and advertising. Pricing is generally not publicly disclosed; energy supply tariffs are negotiated bilaterally, concession economics are governed by long-term regulatory frameworks, and construction contracts are project-specific. The Group serves a mix of national utilities, industrial and commercial energy consumers, the Greek government, airport operators, and premium real estate tenants. Leadership rests with Founder Dimitris Chr. Copelouzos, CEO Christos D. Copelouzos, and unit heads including Nikolaos Symeonidis (General Manager), John Karydas (CEO of RES & Energy Storage / GREGY), and Thomas Acheimastos (Vice President).

Name

Copelouzos Group

Legal name

COPELOUZOS GROUP

Website

https://copelouzos.gr

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

Copelouzos Group is a privately-held Greek diversified conglomerate founded in 1972 that operates across renewable and conventional energy, electricity trading, natural gas, airport and energy infrastructure concessions, construction, real estate, and out-of-home advertising, serving utilities, industrial consumers, and the Greek government.

Ownership category

akta.pro rank

Headquarters

HQ city

Filothéi

HQ country

Greece

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Natural Gas Trading and Supply: Supply of natural gas to the Greek market with annual sales of approximately 1 BCM. The company PROMITHEAS GAS holds a leading position in the Greek natural gas market since 2016.
2. Electricity Trading: Electricity trading through NECO S.A. with cross-border trade operations across 5 countries. Sales of approximately 650 GWh per year.
3. Electricity Supply: Supply of electricity to medium voltage consumers within the Greek Interconnected Power System through NOVAERA ENERGY S.A. with 300 MW license.
4. Construction and Engineering Services: Construction and EPC services for energy projects, building construction, and facility management through DAMCO ENERGY and REDEX subsidiaries. Construction pipeline of EUR 90 million.
5. Renewable Energy Generation: Generation of renewable energy from wind farms, photovoltaic parks, and hydroelectric plants. Portfolio includes 2,730 MW under development and 488 MW under construction/operation.
6. Out-of-Home Advertising: Advertising services at airports and public transport through INTERBUS, reaching 81 million airport passengers annually.
7. Power Generation Equipment Rental: Rental of generating sets for peak load coverage and emergency needs, with over 600 MW of leased capacity.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Copelouzos Group is a Greek diversified infrastructure investor that develops, owns, and operates energy assets (renewable generation, natural gas supply, electricity trading, battery storage, the GREGY Egypt-Greece submarine interconnector, and an 820 MW CCGT plant), infrastructure concessions (14 regional airports via Fraport Greece, Athens International Airport, DESFA gas transmission), construction and facility management (REDEX), real estate, and out-of-home advertising (Interbus). The Group serves utilities, industrial and commercial energy consumers, government entities, and commercial tenants through wholly-owned subsidiaries and joint ventures.

Product overview

Copelouzos Group is a diversified Greek business organization and infrastructure investor operating across multiple sectors including energy (renewable energy, natural gas, conventional power, electricity trading/supply, electrical interconnection), construction and facility management, real estate, out-of-home advertising, and infrastructure concessions (airports, ports, exhibition centers). The Group operates through numerous subsidiaries including ELICA GROUP (renewable energy sources and energy storage), DAMCO ENERGY S.A. (energy projects, equipment, LNG infrastructure), PROMETHEUS GAS S.A. (natural gas), NECO S.A. and NOVAERA ENERGY (electricity trading and supply), ELICA INTERCONNECTOR S.M. S.A. (GREGY Egypt-Greece electrical interconnector), REDEX S.A. (construction, facility management, energy services), Interbus S.A. (out-of-home advertising), and holds investments in Athens International Airport, Greek Regional Airports via Fraport Greece, and DESFA natural gas transmission system.

Differentiator

Problem solved

Functional benefit

Products and services

• GREGY Egypt-Greece Electrical Interconnector Submarine electrical interconnection project linking Egypt directly to mainland Greece with 3,000 MW capacity for transporting green electricity. The EUR 4.2 billion project includes 8.5 GW of renewable energy projects in Egypt (75% wind, 25% solar) to supply the interconnector, enabling bi-directional power transmission and positioning the Vertical Electricity Corridor for the Three Seas Initiative countries.
• Real Estate Portfolio Copelouzos Group owns and manages a diversified portfolio of premium commercial and residential real estate in Greece, including office buildings on major roads and luxury properties in island locations. Tenants include Dupont Greece, the Hellenic Association of Pharmaceutical Companies (SFEE), and Foreign Embassies in Greece.
• Interbus Out-of-Home Advertising Number one company in Greece for advertising in airports and public transport networks. Operates in 16 airports addressing 81 million passengers and manages over 1,970 vehicles and trains with advertising spaces. Holds exclusive advertising rights at Athens International Airport, 14 Fraport Greece regional airports, and Piraeus Port.
• REDEX Facility Management Technical management and operations for building facilities and networks across Greece, covering approximately 480,000 sqm of active building contract installations with 80 MW of installed equipment power. Services include flexible maintenance programs and intelligent building management systems for office buildings, retail, industrial and residential properties.
• Battery Energy Storage Systems (BESS) Central battery energy storage stations with total capacity of 825 MW across 5 production licenses. Includes 225 MW in Alexandroupolis, 150 MW in Patras, 300 MW in Kozani, 50 MW in Boeotia, and 50 MW in Magnesia. First entity in Greece to receive production licenses for BESS stations.
• Alexandroupolis CCGT Power Plant 820-840 MW combined cycle gas turbine power plant under construction in Alexandroupolis Industrial Area with EUR 400 million investment. Equipment is capable of hydrogen combustion up to 50%, supporting Greece's energy security and transition to green energy. Expected commercial operation in Q2 2027.
• PROMETHEUS GAS Natural Gas Supply Leading natural gas supplier in the Greek market with annual sales of approximately 1 BCM. Handles natural gas import and sales, with constructed infrastructure of over 1,000 km of high-pressure gas transmission pipelines and 340 km of medium and low-pressure distribution pipelines. Has held a leading position in the Greek natural gas market since 1991.
• NECO Electricity Trading Joint venture with Bulgarian NEK EAD for electricity trading and cross-border trade. Over 24 years of operation with sales of approximately 650 GWh per year across 5 countries. Actively developing hydropower stations and wind parks in Bulgaria. Holds a 450 MW electricity trading license.
• NOVAERA ENERGY Electricity Supply Wholly-owned subsidiary supplying electricity to Medium Voltage consumers within the Greek Interconnected Power System. 16 years of operation with 300 MW electricity supply license and annual sales of 300,000 MWh.
• ELICA Renewable Energy Sources Development of renewable energy through the ELICA Group, with 2,730 MW portfolio under development and 488 MW of RES projects constructed and operational. Activities include wind parks, offshore wind farms, photovoltaic parks, and hydroelectric stations in Greece and the Balkans. Annual renewable energy production of 1,300 GWh.
• DAMCO ENERGY Generating Sets and Power Projects Sales, installation, and rental of generating sets with over 600 MW of leased generating capacity, plus construction of energy projects including hydroelectric, diesel-fired, lignite-fired, and combined-cycle plants. Specialized in LNG FSRU infrastructure development. ISO 9001/14001/45001 certified since 2021.
• DAMCO ENERGY Floating LNG Infrastructure Proven experience in design, engineering, and licensing of Floating Liquefied Natural Gas Storage and Regasification Units (LNG FSRU) and onshore and offshore natural gas transmission systems, including market research, feasibility studies, risk assessment, and licensing.
• REDEX Construction Services Construction, reconstruction, renovation, and modification of buildings, offices, hotels, stores and business premises. Over 250,000 sqm of constructed/reconstructed surfaces, 12 simultaneous construction sites in Greece and abroad. EUR 90 million construction revenue. Clients include DHL Greece, Leroy Merlin, Makedonia Palace Hotel, One & Only Kea Resort, Milos Cove, St. Catherine's British School, and HYGEIA Group.
• REDEX Energy Services Advanced technology solutions for lower energy consumption and maintenance costs. Achieved 26,300 tonnes CO2 reduction in the last 5 years with 36.8 million kWh total energy savings. Offers 'pay-as-you-save' solutions based on internationally recognized standards and has received 7 Energy Mastering Awards.
• Greek Regional Airports (Fraport Greece) Co-owned with Fraport AG under a 40-year concession to operate, maintain, and develop 14 Greek regional airports. Concession fee of EUR 1.53 billion paid to HRADF with EUR 400 million capex invested within first 4 years. Airports serve 36 million passengers (2024) and contribute an estimated EUR 300+ million annually to Greek GDP.
• Athens International Airport (AIA) Investment Copelouzos Group is the only Greek private shareholder in Athens International Airport 'Eleftherios Venizelos'. Airport serves 31.9 million passengers with 283,000 aircraft movements (2025). Concession agreement extended in 2019 for EUR 1.403 billion. Won Best Airport Routes Europe 2019, ACI Best Airport Customer Satisfaction Award 2019, and Skytrax Best Airport in Southeastern Europe 2018.
• DESFA Hellenic Gas Transmission System Through SENFLUGA ENERGY INFRASTRUCTURE HOLDINGS S.A., the Group holds a stake in DESFA (Hellenic Gas Transmission System Operator). DESFA operates the National Natural Gas System with 512 km main pipeline and branches totaling 953.2 km, plus LNG terminal at Revithoussa with 225,000 m3 storage capacity. Stake acquired for EUR 535 million in consortium with Snam, Enagás, and Fluxys.
• Piritium and Silcio Photovoltaic Manufacturing Two factories in the Patras industrial area producing photovoltaic products through subsidiaries Piritium A.E. and Silcio A.E. Piritium produces approximately 33 MWp of polycrystalline silicon wafers; Silcio has capacity for 30 MWp cells and 24 MWp modules.
• Metropolitan Expo Exhibition Center Concession holding in the exhibition centers sector through the Group's infrastructure investments portfolio, serving the exhibition and conference market in Greece.

Quantifiable outcome

• 3,000 MW of green electricity transfer capacity from Egypt to Europe
• +6 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Senfluga Energy Infrastructure Holdings S.A.coreStrategic or Co-development Partner · 1 January 2018Consortium led by Copelouzos Group (via DAMCO ENERGY) and three major European gas operators (Snam, Enagas, Fluxys) acquired 66% stake in DESFA (Greek Natural Gas Transmission System Operator) for EUR 535 million.
• Fraport Greece (Fraport AG + Copelouzos Group)coreStrategic or Co-development Partner · 1 January 2017Joint venture between German airport operator Fraport AG and Copelouzos Group to operate, maintain, and develop 14 Greek regional airports under a 40-year concession. Concession fee EUR 1.53 billion paid to HRADF. Investment of EUR 400 million within first 4 years.
• NOVAERA ENERGY S.A.coreStrategic or Co-development Partner · 1 January 2010Wholly-owned subsidiary of Copelouzos Group established for electricity supply to medium voltage consumers within the Greek Interconnected Power System. Holds 300 MW supply license.
• NECO S.A. (Joint venture with NEK EAD - Bulgarian Public Electric Power Company)coreStrategic or Co-development Partner · 1 January 2002Joint company established in Athens for electricity trading and cross-border trade with 5 countries. Operating for 24 years with sales of approximately 650 GWh per year.
• ENEL S.p.A.minorStrategic or Co-development PartnerItalian energy group collaborating on energy projects and infrastructure development.
• Snam S.p.A.coreStrategic or Co-development PartnerItalian energy infrastructure company co-investing in DESFA through Senfluga consortium. Also shareholder in TAP pipeline.
• Enagás S.A.coreStrategic or Co-development PartnerSpanish energy company co-investing in DESFA through Senfluga consortium. Also shareholder in TAP pipeline.
• Fluxys S.A.coreStrategic or Co-development PartnerBelgian gas infrastructure group co-investing in DESFA through Senfluga consortium. Also shareholder in TAP pipeline.
• China Energy Investment Corporation Ltd.minorStrategic or Co-development PartnerChinese state-owned energy corporation collaborating on energy projects and investments.
• Egyptian Electricity Holding CompanycoreStrategic or Co-development PartnerState-owned Egyptian electricity company partnering on the GREGY interconnector project to develop renewable energy projects in Egypt and establish electrical connection with Greece.
• ELICA INTERCONNECTOR S.M. S.A.coreStrategic or Co-development PartnerSubsidiary company of Copelouzos Group developing the GREGY electrical interconnector between Egypt and Greece with 3,000 MW capacity.
• Elica Group (Renewable Energy Companies)coreStrategic or Co-development PartnerElica Group companies developing renewable energy projects including wind farms, photovoltaic parks, hydroelectric plants, offshore wind, and battery energy storage systems.

Scale indicators24 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Public Power Corporation (PPC): Greece's incumbent electricity generator and supplier and the dominant counterparty in the Greek power market. Direct peer to Copelouzos in electricity generation (lignite, gas, renewables), supply (NOVAERA ENERGY competes for medium-voltage customers) and renewable development.
• GEK Terna: Greek construction and energy conglomerate with concessions in motorways, real estate, power generation and renewable energy. Closest comparable Greek diversified infrastructure model with overlapping energy, construction and concession portfolios.
• Mytilineos (Metlen Energy & Metals): Greek industrial and energy conglomerate combining metals (aluminium), energy (gas-fired and renewables), and EPC services. Highly comparable diversified model with energy infrastructure and construction overlap.
• Hellenic Petroleum (HELPE / Motor Oil Hellas): Greek integrated energy major active in refining, fuel supply, natural gas (DEPA/EPIC), and renewables. Peer in the Greek energy market across hydrocarbons, trading and downstream supply.
• Terna Energy: Pure-play Greek renewables independent power producer with wind, hydro, solar and battery storage assets. Direct peer to Copelouzos' ELICA Group renewables portfolio and 825 MW BESS pipeline.
• Fraport AG: German airport operator and Copelouzos' JV partner in Fraport Greece. Direct peer in the Greek regional airports concession business (where Fraport AG is the operational lead) and globally comparable in airport operation/management.
• Aktor (Ellaktor Group): Greek construction and infrastructure group with concessions in motorways, real estate and energy projects. Peer to REDEX in large-scale Greek construction and EPC services for industrial clients.

Broad incumbents

• ENEL S.p.A. Italian multinational utility and one of Europe's largest renewable operators. Copelouzos' listed 'minor' partner in Greek energy projects and a broader peer in power generation, grids and energy transition strategy.

Emerging players

• ElvalHalcor: Greek industrial conglomerate (aluminium, copper and rolled products). Comparable as a Greek family-controlled diversified industrial platform with energy adjacency, though less directly overlapping in power generation.
• AVAX Group: Greek construction and infrastructure group active in buildings, motorways, energy and PPP projects. Peer to REDEX in domestic construction and a partial peer in energy infrastructure builds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/copelouzos-group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Copelouzos Group