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.
