EDPR: Investments of 500 million euros in Greek RES by 2025

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.