French renewable energy developer Valorem has inaugurated its first wind power project in Greece, marking a step forward in the company’s international expansion efforts, it said on Friday.
The 27-megawatt Magoula wind farm, located in northern Greece, consists of six Vestas V150 turbines and is expected to generate 68 gigawatt-hours of electricity annually. The output is equivalent to the power needs of around 18,000 households, according to Valorem.
The project is also estimated to help avoid nearly 26,000 tonnes of carbon dioxide emissions per year, contributing to Greece’s efforts to decarbonise its energy sector.
Valorem has signed a power purchase agreement (PPA) for the project with Greek energy firms Optimus Energy and Heron.
“This project would not have been possible without the commitment of our teams, both in Greece and in France,” a Valorem spokesperson said. “This park marks a new stage in Valorem’s development internationally and in Greece, where we will continue to work for a fair, local and sustainable energy transition.”
The Magoula wind farm represents the company’s first operational asset in the Greek market, where Valorem aims to expand its presence through future renewable energy projects.
