S'abonner

Axpo and EDF Renewables sign a short-term PPA for two solar plants in Greece

Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement for the output of two solar plants in Greece, with a total capacity of 102 megawatts.

Share:

Axpo and EDF Renewables Hellas announced the signing of a short-term power purchase agreement for the operation of two photovoltaic plants located in the Viotia region of Greece. According to information released on April 28, Axpo has committed to purchasing the entire energy output from the Skala Korinis and Loutsa sites, commissioned in 2023, with a combined capacity of 102 megawatts (MW).

A strategic partnership in renewable energy

Vasilis Machias, Managing Director of Axpo Greece, stated that this agreement strengthens the company’s position in the renewable energy market across Central and South-Eastern Europe. “By leveraging our expertise as an international leader in renewables, wholesale trading, and risk management, we are further optimising our regional portfolio,” Vasilis Machias said in a statement released by Axpo.

Antonis Xenios, Chief Executive Officer of EDF Renewables Hellas, highlighted the importance of this collaboration in developing the sector’s potential. According to EDF Renewables Hellas, the subsidiary holds an estimated portfolio of 4.5 gigawatts (GW) of projects under development in Greece, encompassing a full range of renewable electricity production technologies.

Regional expansion and portfolio diversification

Axpo Group, headquartered in Switzerland, currently manages a renewable portfolio of 93 terawatt-hours (TWh) across Europe. By combining its local market knowledge in Greece with Europe-wide resources and infrastructure, Axpo aims to strengthen its role throughout the electricity value chain in the Greek market.

EDF Renewables Hellas, a major player in the Greek renewable energy system, benefits from the global experience of the EDF Renewables Group in the energy transition sector. The subsidiary continues its diversification efforts by expanding its portfolio of solar, wind, and other renewable projects throughout Greece.

  • Populaires ​
Asia-Pacific LNG physical market jumps 86% year over year despite geopolitical tensions
AMEA Power commissions Egypt’s first large-scale battery energy storage system
Marseille court approves Bourbon’s accelerated financial restructuring
Envision Energy and FERA Australia launch major hybrid wind and storage project
Sol Systems raises $675mn to support 500 MW of solar and storage projects in the United States
Europe’s solar slowdown marks the first decline in a decade
Solar growth in the European Union is seeing its first annual contraction in ten years, following reduced subsidies and shifting budget priorities in several member states.
Scatec wins 846 MW solar project in South Africa for 735 mn USD
Scatec secures the development of a 846 MW photovoltaic cluster in the Free State province, with an investment of ZAR13bn ($735mn), following the seventh round of South Africa's REIPPPP programme.
Enbridge launches 600 MW solar project in Texas to power Meta
Enbridge invests $0.9bn in a 600 MW solar facility in Texas, fully dedicated to powering Meta Platforms, Inc.'s data centres through a long-term power purchase agreement.
ENGIE acquires a portfolio of 22 solar projects totalling 70 MW in Pennsylvania
ENGIE has announced the acquisition of 22 distributed solar projects in Pennsylvania, further strengthening its renewable energy expansion strategy while supporting the local economy and enhancing the reliability of the distribution grid.
Estuary Power launches Escape Solar and secures major additional financing
Estuary Power commissions the Escape Solar and Storage project in Nevada, integrating 185 megawatts of solar capacity and securing enhanced financing from institutional investors to supply electricity to several major players in the leisure sector.
US tariffs and FEOC restrictions threaten solar supply chain and create risks for the industry
New anti-dumping tariffs and Foreign Entity of Concern (FEOC) restrictions are disrupting the US solar supply chain, while ongoing dependence on China exposes the industry to significant risks, according to Wood Mackenzie.
Sri Lanka signs partnership to roll out solar energy at scale
Sri Lanka and the International Solar Alliance (ISA) have signed a strategic partnership to accelerate solar energy deployment in the country, aiming for 70% renewable energy by 2030.
Sunrun raises $431 million with residential solar system securitization
Sunrun announced the pricing of its $431 million securitization, involving leases and power purchase agreements. This marks the company’s 14th public securitization and its third of 2025.
Resalta acquires Statkraft’s Croatian platform, strengthening its position in Eastern Europe
Resalta has completed the acquisition of Statkraft’s Croatian platform, expanding its presence in renewable energy across Eastern Europe, with a portfolio of projects and a full local team.
Gaia finalises $11mn solar acquisition in South Africa with two photovoltaic assets
Gaia Renewables 1 has acquired a 10% stake in two solar power plants in the Northern Cape, following regulatory approval and financial close, strengthening its portfolio of independent assets.
Gutami Holding signs 150 MW solar deal with storage in Burkina Faso
Dutch firm Gutami Holding has signed a 25-year agreement with Burkina Faso and national utility SONABEL for a 150 MW solar project with 50 MW storage, valued at over €100mn ($109mn).
Azerbaijani sovereign fund acquires stake in 402 MW solar assets in Italy
SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.
Entech acquires 100 MWp of solar projects from international energy group
Entech spent €1.4mn to acquire a portfolio of photovoltaic projects under development across southern and central France, marking a first move in its external growth strategy following a recent capital increase.
MIGA grants $495 million in guarantees to CrossBoundary for 100 African projects
A guarantee operation orchestrated by the World Bank targets the expansion of distributed energy solutions across nearly twenty African markets, involving a project portfolio led by CrossBoundary Energy and a financial collaboration with Standard Bank South Africa.
South Africa: Eskom Under Pressure from Residential Solar Growth
Facing chronic power outages, South African households are increasingly turning to solar self-generation, jeopardizing Eskom's pricing model and widening energy-access inequalities between affluent neighborhoods and disadvantaged areas.
Solar becomes the leading source of electricity in Pakistan
The rapid rise of solar energy is disrupting Pakistan’s electricity sector, forcing the government to revise its tariff policy and introduce new taxes on solar panel imports.
Sabanci Renewables acquires 120 MW of solar in Texas from OCI Energy
Sabanci Renewables announces the acquisition of the Texan solar project Pepper from OCI Energy, strengthening its US portfolio to 660 MW and paving the way for an increase to 3 GW by 2030.
Poland awards 1.67 GW of solar projects in its latest renewables auctions
The results of recent Polish auctions reveal a predominance of photovoltaic solar, with 178 projects selected and a total capacity of 1.67 GW, while other segments found no takers.
The French solar federation organises itself amid current political and economic attacks
The National Solar Energy Federation, launched on 21 June and formalised on 14 July, brings together installers, equipment suppliers and financiers to defend photovoltaics against political criticism as Paris prepares a new energy roadmap.
CrossBoundary Energy raises $60mn to accelerate Kamoa solar unit
A $60mn subordinated loan will speed delivery of equipment for a 223 MWp solar-storage plant serving the Kamoa-Kakula copper complex, deepening the financial partnership between CrossBoundary Energy and Standard Bank South Africa.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING