News
August 2012

Younicos signs master agreement for innovative energy system on the Azores Islands

Younicos AG, a specialist for the grid integration of renewable energy, has signed a master agreement with Portuguese power company Electricidade dos Açores (EDA), for supplying the Azores island of Graciosa with up to 100% renewable energy. Due to the mid-Atlantic location of the island, the energy system, which is operated autonomous, is currently based entirely on increasingly expensive electricity generation from a diesel power plant. The energy system developed by Younicos combines wind turbines, solar panels and a large battery storage with intelligent Younicos control technology such that most of the energy can be produced from renewable energy sources. ARGONAS Corporate Finance Advisors has supported Younicos AG as exclusive financial advisor in structuring the project and completing the Master Agreement.