With EDF Renewables we have developed, financed, built, and now own and operate 2x65 MWp projects in Aswan, 830 kms south of Cairo. The 290 GWh of electricity will power over 140,000 households and save 120,000 tons of CO2 a year. Developed as part of the Egyptian government’s Renewable Energies Feed-in-Tariff program, the US$140 million projects were financed with US$ 111 million from the European Bank for Reconstruction and Development (EBRD) and the Groupe Agence Française de Développement (AFD). We will supply green energy to the Egyptian Electricity Transmission Company (EETC), under a 25-year power purchase agreement (PPA).
We are acquiring three wind and one hydro-electric energy company in the Greek regions of Argolida, Arcadia, Macedonia and Achaia. The assets have a total capacity of 63.6 MW and will generate enough power for 34,000 homes. The project is 75% funded by the National Bank of Greece, with the remaining 25% to be paid in equity.
The wind parks use Vestas Wind Turbine Generators and are operated and maintained by Vestas. All the energy produced by the wind parks and hydro park will be purchased by energy company DAPEEP on a fixed tariff under a Power Purchase Agreement (PPA).