Heron Group signed long-term Power Purchase Agreements (PPAs) with the energy companies RWE Renewables Europe & Australia and PPC Renewables, through their joint venture Meton Energy.
According to an announcement by the group, Heron will supply approximately 192 gigawatt hours of green electricity each year. The PPAs concern 3 distinct bilateral contracts for the purchase of electricity from respective photovoltaic installations covering a period of 10 and 12 contractual years. Optimus Energy, Greece’s largest renewable energy aggregator and a subsidiary of the Heron Group of Companies, supports PPAs by offering long-term representation contracts to solar power plants, covering balancing services and access to the wholesale energy market.
“The PPAs will allow Heron to cover part of the needs of its supply portfolio and constitute another step in its commitment to supply renewable electricity to its customers,” according to Loukas Dimitriou, CEO of Heron Group.
“This agreement highlights the leading role of Heron in the new era of PPAs in Greece, which Heron launched in 2021 as the first vertically integrated energy company to procure and offer its end customers, on a long-term basis, green energy produced by RES plants.”
Meanwhile, Optimus Energy and the consortium of RWE and PPC Renewables are innovating, signing the first contracts for representation services with a long-term contractual horizon. “These contracts help Optimus Energy to expand its leading role in the Greek market in the direction of providing the necessary representation services, which are a key component of a long-term PPA,” Kostas Baslis, Chairman of the Board of Directors of Optimus Energy, said.
