Motor Oil Renewable Energy Single Member S.A. (MORE), a company headquartered in Maroussi, has successfully completed the registration process on Montenegrin power exchange market and became twenty-eighth MEPX market member.
MORE is a subsidiary company of the Motor Oil Group and is dynamically active in the field of clean energy production, one of the largest RES producers in Greece and one of the most important in Southeastern Europe. MORE, as an important pillar of Motor Oil Group’s energy transition plan, operates a modern portfolio of 839 MW installed capacity, 94% of which is wind-based power generation units. In addition, it manages projects in various stages of development with a total capacity of 2,2 GW. During 2023, more than 450 MW of new projects were licensed with environmental permits, while final grid connection terms were obtained for 287 MW. Over the next 4 years, MORE is expected to construct 311 MW of new operating capacity in projects that are ready to build or have already secured final grid connection terms. MORE is focusing strategically in developing units and services to produce more clean energy and create more alternatives, while enhancing country’s energy security. Having as guarantee the credibility, confidence, stability and financial robustness inspired by the Motor Oil Group, MORE dares and invests looking forward to a sustainable future for all.