Image: Peter Franken, Unsplash
Athens with a headquarters Energy supplier Optimus Energy has contracted Germany’s Emsys VPP to deliver its virtual power plant (VPP) for the trading of renewable energy on the Greek wholesaler electricity and balancing market.
According to a statement from Optimus Energy, Emsys VPP has already started setting up its VPP for the electricity market, a process that includes connecting more than 3,500 solar and wind energy plants in Greece.
The installed renewable energy portfolio of Optimus Energy reaches almost 4 GW, equal to 50% of the renewable energy capacity of Greece that is traded under the feed-in premium schedule or by direct trading participation.
The VPP includes solar and wind energy for predispositions for the connected assets of Emsys VPP’s Partner Company, Energy & Meteo Systems. Emsys VPP also provides a tailor -made VPP package that will offer balance services that aim to benefit both the renewable assets, by creating an extra income flow and the grid by providing greater flexibility.
The VPP will also make the qualification of renewable assets possible for participation in the market for balancing services via external control tests that ensure that assets meet shipping instructions from the Greek transmission system operator IPTO.
Optimus Energy says that the software suite will enable its portfolio to manage its portfolio efficiently, including the reduction of power generation during periods of negative electricity prices, while the value of the portfolio on the energy markets is also maximized in the short term.
Stella Zacharia, CEO of Optimus Energy, said that the collaboration will play an important role in optimizing the market potential of the business portfolio. “We are pleased to play a crucial role in improving the stability of the energy system in Greece, while also have access to the emerging market for terrifying services as a valuable extra income flow for our growing portfolio of renewable energy,” Zecharia added.
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