Portugal’s EDP Renewables has signed a long-term power purchase agreement with Greek energy company Mytilineos for energy produced from a 78MW wind portfolio.
The agreement is EDPR’s first PPA in Greece and Mytilineos’ first wind energy PPA and will help EDPR speed up the development of three wind projects:
• 23MW located in Voiotia, Greece
• 21MW located in Achaia, Greece
• 35MW located in Voiotia, Greece
All wind farms are expected to enter operation between the end of 2024 and 2025 and under this PPA they are expected to produce annually more than 232 GWh, the equivalent of the consumption of 60 thousand households in Greece.
Dionysios Andronas, general director of EDPR Greece, said in a statement: “This PPA is a milestone for our business activity and demonstrates our commitment to renewable energy and the Greek market”.
Have you read?
Repsol Ibereólica Renovables wind farm powers up in Chile
Siemens Gamesa and Doosan pursue South Korean offshore wind market
With this new portfolio, EDPR has now 11.2GW out of the 20GW target additions worldwide established in the 2021-25 business plan. This transaction enables EDPR to achieve more than 3.6GW of the 6.7GW target for renewable capacity additions in Europe during 2021-25.
Yiannis Kalafatas, chief executive director of Mytilineos’ Energy Sector stated: “We are excited about this new transaction with EDPR that marks its first PPA and one of the first wind PPAs in Greece.”
With this contract, Mytilineos advances its wider strategy targeting more than 2GW coming from 3rd party PPAs as well as its own assets across the region.
