547 Energy’s affiliate 547 Energy International European Holdings has secured a 20-year power purchase agreement (PPA) from Greece’s Regulatory Authority for Energy (RAE) for a 153MW wind energy project.
This project – implemented in partnership with renewable energy operator Enora – takes the total count of wind energy PPAs jointly awarded to the two firms to five, totaling 288 MW.
The project is located in the regional units of Imathia and Kozani.
547 Energy president and CEO Gabriel Alonso said: “Our continued success with Enora in Greece’s latest technology-neutral auction demonstrates how quickly we have built our new renewable energy platform into a market leader.
“We are pleased with the outcome of this auction and are grateful to our partner, Enora, for the instrumental role it plays in advancing the adoption of clean energy generation in Greece.
“We commend the leadership at the Ministry of Energy and the Regulatory Authority for Energy for administering another highly successful auction despite the unprecedented challenges arising from recent global events.”
Enora is a subsidiary of Enteka, a Greece-based renewable company, while 547 Energy is the renewable energy platform of Quantum Energy Partners.
The 153MW wind project awarded will help Greece to achieve significant energy and climate objectives featured in its Energy Plan for 2030.
Enteka development director Panagiotis Papastamatiou said: “We are pleased that our projects were the only wind projects submitted to the Common Competitive auction and that we won despite significant competition from solar.
“We look forward to utilizing our extensive development, construction, and operations experience to bring the largest wind farm in Greece to fruition.
“Greece is making great progress in renewables. 2019 was a record year for wind energy project growth and this momentum has continued into 2020.
“Our joint venture with 547 Energy will continue to support Greece in achieving its 2030 renewable energy goals.”