Long-term agreement between HERON and GREEN

IRON proceeded to sign a Long-term Power Purchase Agreement (Power Purchase Agreement) with a total installed capacity of 9 MW per year with the company GREEN.

As the company notes in a related announcement, this is “an innovative collaboration” between the two companies “to offer economic and ‘green’ electricity, ensuring stability in energy costs for the end consumer”.

In particular, IRON, a member of the GEK TERNA Group and GREEN, a member of the environmental and energy group V GROUP, with signing of a Long-term Power Purchase Agreement with a total installed capacity of 9 MW per year and a duration of 12 yearscreate a substantial competitive advantage for energy consumers (individuals, commercial enterprises, industries), as the supply of electricity will now be carried out at a long-term fixed price, significantly lower than the current energy costs that are formed in the market, it is noted in this regard.

In addition, the fact that the energy mix will come from Renewable Energy Sources (RES), allows end consumers direct access to clean energy, reducing their environmental footprint, while directly contributing to the green energy transition and the achievement of sustainable development goals. This agreement is the beginning of a series of collaborations between the two companies, which will contribute to the new energy map of the country.

The HERON Group has been a point of reference in the energy sector in recent years. Through its strategic partnerships and Long-Term Electricity Purchase Agreements, it is leading the way in dealing with increased energy costs. In fact, HERON has already entered into important partnerships for the supply of electricity to large consumers, between industries and commercial chains, gaining a leading position in this market. The collaboration with GREEN is yet another proof of the practical support of the energy costs of Greek businesses, but also of the added value from the further penetration of RES in domestic energy production.

The V GROUP Group has made a series of large investments in renewable energy sources, contributing to increasing their participation in the domestic energy mix, saving energy costs for the final consumer, as well as strengthening the security of the country’s energy supply. GREEN, as the energy arm of the V GROUP Group, implements important projects in the fields of RES, electricity storage, as well as green technology, which promote the transition to clean energy and environmental protection. Thus, in this way, it promotes sustainability in practice, acting as a partner that contributes to the seamless business operation of its partners, with respect and responsibility towards the planet, the market, society and people.

O Mr. Loukas Dimitriou, General Manager of HERON Groupsaid: “With the HERO-GREEN collaboration we are creating another bridge between electricity consumers and the clean, domestic and economical energy offered by RES. In this way, we are setting in motion a mechanism that can work to the benefit of , both of the end consumer in terms of prices, as well as environmental protection, given the significant utilization of RES. We are optimistic that the example of this synergy will soon be followed by other companies”.

THE Ms. Angeliki Dalla, CEO of GREENsaid: “We are really happy to join forces with HERON ENERGY in order to take a step towards redefining the energy future of Greece. This collaboration is an important milestone in the energy sector, essentially taking into account both the protection of environment, as well as the interest of the final consumer. At the same time, it contributes to the diversification of the national energy mix, as well as to the strengthening of the security of energy supply and the national economy”.