Home » today » Business » PPC: It focuses its funding curiosity in wind power – 2024-05-23 11:36:19

PPC: It focuses its funding curiosity in wind power – 2024-05-23 11:36:19

PPC goals to steadiness the “inexperienced” electrical energy technology portfolio, as a way to reply extra successfully to the “turbulences” introduced by destructive costs within the power market.

Nevertheless, as analysts who intently monitor the corporate’s actions informed journalists yesterday, the brand new information available in the market don’t worry the administration of PPC, because it already has enough native and technological dispersion.

Wind farms

Nevertheless, since photovoltaic items excel within the “bundle” of the corporate’s Renewable Vitality Sources (RES) tasks, funding alternatives shall be sought in wind farms, each in Greece and overseas (throughout the European Union).

“Destructive costs are a brand new situation for power producers in Greece. RES got here quick and are influencing the power market. There is no such thing as a investor investing in RES proper now with out fascinated with what the market shall be like within the subsequent 10 to twenty years. Whichever research of huge homes one reads, one sees that the typical costs per megawatt hour within the wholesale market shall be within the order of 60, 70 and even 80 euros. A big instability is detected.

The costs shall be very low or destructive but additionally very excessive at instances. However on common, an funding is deliberate and executed, figuring out a priori that there shall be durations with this downside”, a market govt identified yesterday, on the sidelines of Eurelectric’s “Lights On” convention held in Lagonisi.


In accordance with the identical supply, the brand new market situation doesn’t fear these investing in an expanded “basket”. As he had talked about final Monday, the president and managing director of PPC, Mr. Giorgos Stassis, talking to analysts after the announcement of the corporate’s first quarter monetary outcomes, PPC’s portfolio of tasks is geographically dispersed (in order that renewable power sources don’t are affected the identical by climate circumstances), technological dispersion (RES, pure gasoline and batteries), whereas it additionally has retail, so a complete danger administration takes place.

The CEO of E.ON

For his half, the managing director of E.ON and president of Eurelectric, Mr. Leonard Birnbaum, talking yesterday at a press convention, as a part of the convention, underlined that Europe is coming into an fascinating part of the power transition, because the preliminary stage has been accomplished entry of RES into the power combine.

“Photovoltaics will proceed to drop costs to even decrease ranges at noon. On the identical time, nevertheless, destructive costs will open up new enterprise, equivalent to in storage and demand response. That is true in most of Europe. For instance in Germany final weekend we had destructive costs for eight hours.

With electrification we might want to maintain including RES to the combo, so the guess is to improve the grids to have the ability to reply,” he identified.

As Mr. Birnbaum famous, there are funds for investments in networks, however they need to even be digitized as a way to obtain the expansion charges of RES. In 15 years, as he mentioned, 1 million RES stations have been put in and the aim is to extend to three million by the top of the last decade. “Unattainable to handle if the networks will not be digitized,” he famous, including that on account of local weather change, the design standards for the networks should change and extra resilient areas be chosen for his or her set up.

Supply: ot.gr

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