Axpo and EDF Renewables Hellas have entered into a short-term Power Purchase Agreement (PPA) for electricity generated by two photovoltaic parks in the Boeotia region.
The Skala Korinis and Loutsa projects, both completed in 2023, boast a total installed capacity of 102 megawatts (MW). According to the agreement, Axpo will acquire all the energy produced by these parks.
Vasilis Machias, CEO of Axpo Greece, remarked, “This agreement enhances Axpo’s ability to deliver innovative and customized renewable energy solutions across Central and Southeastern Europe. By leveraging our expertise as a global leader in renewables, wholesale, and risk management, we are optimizing our regional portfolio while supporting the transition to clean energy.”
Antonis Xenios, CEO of EDF Renewables Hellas, expressed enthusiasm about the partnership with Axpo, stating, “We are thrilled about this collaboration and the opportunities it brings. This partnership underscores EDF Renewables’ dedication to harnessing renewable energy potential and accelerating the energy transition, aiding in the decarbonization of the Greek economy.”
As noted in the joint announcement, EDF Renewables Hellas plays a significant role in the Greek renewable energy market, developing a diverse portfolio of renewable energy projects through its subsidiaries, with an estimated capacity of 4.5 gigawatts (GW). The company benefits from EDF Renewables’ global expertise in the energy transition and all renewable energy generation technologies.
Headquartered in Switzerland, the Axpo Group is a leading international energy company, managing a renewable energy portfolio of 93 Terawatt hours (TWh). Recognized as a leader in risk management and innovative solutions in the renewable energy sector, Axpo in Greece works to optimize the entire electricity value chain, combining local insights with the group’s vast experience, resources, and infrastructure on a pan-European scale.
