EDF Renewables in Greece has been awarded a long-term Power Purchase Agreement (PPA) for a 60 MWp solar photovoltaic project, following a mixed Renewable Energy Sources (RES) auction held by the Regulatory Authority for Energy (RAE).
The project will bring the EDF Group one step closer to meeting its goal under the CAP 2030 strategy of doubling its worldwide renewable energy capacity to 50 GW between 2015 and 2030.
The Loutsa solar project (60 MWp) will be implemented on 82 hectares in the Viotia region, close to Athens. The project due to be commissioned by 2022, will benefit from a 20-year PPA at the rate of 53€/MWh.
EDF Renewables first moved into the Greek market in 2005 and is now the 4th largest renewable energy player in Greece with a total gross installed capacity of about 277 MW, across 17 facilities – respectively 265 MW and 12 MWp in the wind and solar segments.
The company also has an Operations and Maintenance activity in the country via EDF Renewables Services Greece, its local subsidiary, which manages 286 MW* renewable energy assets for its own account and third parties.
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About EDF Renewables (previously EDF Energies Nouvelles)
EDF Renewables is a leading international player in renewable energies, with gross installed capacity of 13 GW worldwide. Its development is mainly focused on wind and solar photovoltaic power. EDF Renewables operates mostly in Europe and North America but is continuing to grow by moving into promising emerging regions such as Brazil, China, India, South Africa and the Middle East. The company has strong positions in offshore wind power, but also in other areas of the renewable energies industry such as energy storage. EDF Renewables develops, builds, operates and maintains renewable energies projects, both for itself and for third parties. EDF Renewables is the EDF Group subsidiary specialising in developing solar and wind power.For more information, visit: www.edf-renewables.com
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