EDP Renewables (EDPR) and Mytilineos – Energy & Metals have signed a long-term PPA for the green energy produced from a 78MW wind portfolio.
This is EDPR’s first PPA in Greece and a first for Mytilineos, concerning energy generated from a wind portfolio.
The deal allows EDPR to hasten the development of this 78MW portfolio which consists of three wind projects.
This comprises the 23MW project located in Voiotia, a 21MW site in Achaia, and a 35MW scheme in Voiotia.
All the 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 232GWh.
Chief executive director of Mytilineos’ Energy Sector Yiannis Kalafatas said: “We are excited about this new transaction with EDPR that marks its first PPA and one of the first wind PPAs in Greece.
“Mytilineos is committed to enrich its portfolio with renewable energy at competitive prices, as it evolves into an international integrated energy utility.”
With this new portfolio, EDPR now has 11.2GW out of the 20GW target additions worldwide established in 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.
General director of EDPR Greece Dionysios Andronas added: “This PPA is a milestone for our business activity and demonstrates our commitment to renewable energy and the Greek market.
“We are pleased to collaborate with a relevant partner as Mytilineos and we will continue to seek new opportunities to foster the adoption of renewables in Greece and provide solutions for the energy transition.”