
Portuguese firm EDPR is developing an investment plan of at least 500 million euros for the development of RES projects in Greece by 2025.
The 4th largest producer of electricity in the world from wind, photovoltaic and offshore wind turbines with a total capacity of 600 Megawatts, as announced yesterday during a press conference by Damian Rodriguez Prado, General Manager of EDPR Greece and Dionysios Andronas, Head of Construction in our country.
The Portuguese company, according to the two executives, has a portfolio of projects with a total capacity of 1.1 Gigawatts, while the installed capacity it has today is 45 MW. Its executives described our country as the third in Europe, after Spain and Denmark, which has set high goals for the penetration of RES by 2030. This fact, combined with the high wind and solar potential, lead EDPR to aim at developing as a major player.
The alliances
Mr. Rodriguez Prado and Mr. Andronas referred to the alliances they have developed in our country for the development of RES projects and they are TERNA ENERGY, PPC and Ellactor.
As they explained for their more dynamic participation in the investments, they expect the institutional framework for the offshore wind farms, where they participate with the French Engie and TERNA ENERGY in the Ocean Winds consortium, the way the new RES auctions are conducted by RAE and the creation of macro markets. bilateral contracts (PPAs).
EDPR operates in 26 international markets in Europe, North and Latin America and Asia and for the five years 2021 – 2025 intend to invest 19 billion. euros to increase the installed capacity of RES from about 12 Gigawatts today to 20 Gigawatts.


Latest News

Eurozone Inflation Eases to 2.2% in March
Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.

Bank of Greece: Primary Gov. Surplus €4.1b Jan.-March 2025
The data released today by the Bank of Greece revealed that the central government’s overall cash balance recorded a surplus of €1.465 billion in the first quarter of 2025, compared to a deficit of €359 million in the corresponding period of 2024.

Greek Government Reissues 10-Year Bond Auction for €200 Million
The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5)

Greece Defines Continental Shelf Limits and Maritime Zones in Landmark EU Document
The Maritime Spatial Planning (MSP) framework represents a comprehensive approach to spatial planning and is crucial for the successful development of a blue and circular economy

EU Praises Greece’s RRF Progress as Revised Recovery Plan Nears Completion
Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.

Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.

German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.

Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.

Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.

Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.