EDF Renewables Signs PPA For 60 MW Greek Project

20-Year Power Purchase Agreement Signed By EDF Renewables For 60 MW Loutsa Solar Project It Secured In Greek Renewables Auction For €0.053/kWh Winning Tariff
01:38 AM (Beijing Time) - 07. May 2019

EDF Energies Nouvelles, now called EDF Renewables, has won a 60 MW PV project in the Greek 600 MW tender. The Loutsa Solar Project will be located in Viotia, near Athens. Pictured is Athens under storms and lightning. (Photo Credit: Boboshow/www.goodfreephotos.com)

Key Takeaways

  • EDF Renewables has secured 20-year power purchase agreement for the 60 MW solar project it won during Greek renewables auction in April 2019
  • The PPA tariff for this project is €0.053 ($0.059) per kWh, which was the lowest winning tariff during the auction
  • It plans to develop 60 MW Loutsa Solar Project in Viotia region on 82-hectare land and commission it by 2022

EDF Renewables, the subsidiary of French utility EDF that changed its name from EDF Energies Nouvelles, has secured a 20-year power purchase agreement (PPA) for the 60 MW solar PV project it won recently in a 600 MW renewable energy auction in Greece with the winning tariff of €0.053 ($0.059) per kWh. The Regulatory Authority for Energy (RAE) in Greece concluded the oversubscribed tender process auctioning with awards of only 437.78 MW in April 2019 (see Greece Awards Over 437 MW In 600 MW RE Auction).

According to the auction results announced by RAE, EDF Energies Nouvelle’s subsidiary Heliothema Energy secured a 60 MW project. Now, EDF Renewables has identified the project as Loutsa Solar Project to be deployed in Viotia, close to Athens. To be stationed on 82-hectare land, the project is expected to be commissioned by 2022.

In Greece, EDF Renewables says it has been present since 2005. With around 277 MW of total gross installed capacity, it is the ‘4th largest renewable energy player’ in the country. This is majorly for wind power, as solar’s share in the 277 MW portfolio is merely 12 MW. By this measure, the 60 MW project should account as a significant win for the French company in the space of solar in Greece.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani