May 6 (Renewables Now) - EDF Renewables today announced winning a 20-year power purchase agreement (PPA) for a 60-MWp solar project in Greece following the country’s recent mixed-technology renewable energy tender.
The tender was held by Greece’s Regulatory Authority for Energy (RAE) and ended up with the award of 437.78 MW of power generating capacity and bids ranging between EUR 53 (USD 59.3) to EUR 64.72 per MWh. EDF Renewable’s proposal stood at EUR 53/MWh.
The company, which is the renewable energy arm of Electricite de France SA (EPA:EDF), said it will install the so-called Loutsa solar park in the Viotia region, near Athens. It expects the project to contribute to the EDF Group's goal of lifting its installed renewables capacity globally to 50 GW between 2015 and 2030.
At present, EDF Renewables has a gross installed capacity in Greece totalling 277 MW, the bulk of which is wind. The company has been operating on the Greek market since 2005.
(EUR 1.0 = USD 1.120)