EDP Renewables, a leading renewable energy company based in Madrid, just signed a 78 MW wind Power Purchase Agreement (PPA) with Greek MYTILINEOS. MYTILINEOS is a conglomerate that operates 4 business units, namely Power & Gas, Metallurgy, Renewables & Storage Development, and Sustainable Engineering Solutions. MYTILINEOS is committed to enrich its portfolio with renewable energy at competitive prices.
The long-term PPA is based on the green energy produced from a 78 MW wind portfolio. This is EDPR’s first PPA in Greece and a first for MYTILINEOS, concerning energy generated from a wind portfolio.
The wind portfolio consists of 3 wind projects developed in Greece by EDPR, namely 23 MW located in Voiotia, 21 MW located in Achaia and 35 MW located in Voiotia. All wind farms are expected to be operational by 2025 and the portfolio is expected to produce more than 232 GWh annually, that is the equivalent of the consumption of 60,000 households in Greece, while displacing around 100,000 tons of CO2 emissions annually.
With this new portfolio, EDPR has now 11.2 GW out of the 20 GW that are to be added globally in line with the 2021-25 Business Plan. For the European region, this transaction enables EDPR to achieve more than 3.6 GW of the 6.7 GW target for renewable capacity additions for 2021-25.
#EDPRenewableswindenergy #EDPMYTILINEOS #EDPRenewablesGreece #EDPRwindenergy #Portugalinvesmentnews #renewableenergyportugal #portugalnews #portugalbusinessnews #EDPR #MYTILINEOS
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