EDP’s subsidiary strikes new deal with Greek wind power company

  • ECO News
  • 17 December 2018

EDPR got a 20-year contract in a Greek power auction, for projects with wind power generators with 15 megawatts capacity. The project will be operational by 2021.

Portuguese renewables company EDP Renováveis (EDPR) secured a feed-in tariff contract of 20 years after a power Greek auction to sell 15 megawatts of generated wind power, according to the company’s communiqué to the market.

In a statement published by the Portuguese Securities Market Commission (CMVM), EDP Renováveis, S.A., 82.6% controlled by EDP, said that it had secured a ‘Contract for Difference’ [a feed-in tariff contract] for 20 years, after a Greek power auction for the sale of wind-generated power produced by the Aerorrachi park with 15 megawatts capacity.

According to the statement, the project should be operational by 2021 and it is located in the northern region of Greece.

On 4 July 2018, EDPR announced its entry into Greece with the same type of contract for the Livadi wind farm for 45 megawatts.

The company stresses that with the new contract it reinforces its presence in a new market with a sustainable development of its renewable energy resource.

“As part of its growth strategy, EDPR continues to analyse growth opportunities while developing profitable projects focused on countries with low risk and regulatory stability,” the company said.