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EDF, Iberdrola Lead in Greece’s Growing Wind Energy Market

France’s 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 earlier, according to a statement on the Athens-based association’s website today. 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.

Prime Minister Antonis Samaras has said that taking steps to attract investments is a key to the recovery of Greece’s economy, which is expected to contract for a sixth year in 2013. The economy is seen shrinking 4.2 percent this year, according International Monetary Fund forecasts released on Jan. 18.

Terna Energy SA (TENERGY), Enel Green Power SpA (EGPW) and Ellaktor SA (ELLAKTOR) are the other top-five producers in the Mediterranean country. Investments in the industry stood at 150 million euros ($201.6 million) last year, with total renewable energy investment reaching 2.5 billion euros, according to the statement.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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