Corporate News

ΣΥΡΕΤΕ ΠΡΟΣ ΤΑ ΚΑΤΩ


12/10/2021

TERNA ENERGY & HERON offer the first long-term Power Purchase Agreements (PPAs) in Greece

TERNA ENERGY and HERON, members of GEK TERNA Group, reunite their forces, innovate and are the first to offer the long-term Power Purchase Agreements (PPAs) in the Greek market.

The two companies offer final consumers immediate access to green energy, providing the first MWhs in the market through “private” PPAs, thus opening the market of cheap electricity to both the industry and large commercial enterprises.   

In this context, the first four (4) contracts have already been signed with well-known industrial and commercial consumers, concerning disposal of the corresponding RES energy quantities  from October 1st, 2021. At the same time, negotiations are underway for the conclusion of similar contracts with other important groups of companies.

The offered PPAs are addressed to large commercial and industrial consumers and address their needs for reduction of energy supply cost while achieving Sustainable Development goals. They are in line with the objectives regarding the increase of the competitiveness of Greek enterprises,  the further penetration of RES in the country energy mix as well as the support of the development of new RES projects through bilateral commercial contracts with final consumers.

PPAs are yet another product of the strategic cooperation of two leading companies in the energy sector, after the pioneering and innovative EN.A program. TERNA ENERGY’s projects that are under construction in combination with the successful and growing market share of HERON in the supply of end consumers, allow for a leading position in the “green PPAs” market.