ECONOMY

EdF and Iberdrola lead Greece’s wind energy market

Electricite de France SA and Iberdrola Renovables SA’s Greek unit, Rokas Renewables, are the top producers in Greece’s wind energy market, which grew 7 percent in 2012, according to the Hellenic Wind Energy Association.

Total installed capacity increased by 115.2 megawatts to 1,749.3 MW last year, compared with a 24 percent advance the year before, according to a statement on the Athens-based association’s website on Tuesday.

EDF produced 17 percent of that, or 298.8 megawatts, while Iberdrola accounted for 14 percent.

“The wind energy market is dynamic and has important prospects,” the association said.

“Political stability and a stable investment environment are prerequisites” for growth in the industry.

Terna Energy SA, Enel Green Power SpA and Ellaktor SA are the other top producers in the country.

Investments in the industry stood at 150 million euros last year, with total renewable energy investment reaching 2.5 billion euros, according to the statement.

[Bloomberg]