Another important milestone! The acquisition of a significant renewable #energy generation portfolio in Romania, which comprises of 629MW RES in operation, and 145MW in development assets. We aim to a diversified portfolio of RES and energy storage projects, in the broader SE Europe region. The acquisition further strengthens PPC Group’s growth strategy in Romania and Southeast Europe, with the addition of a significant #renewables operating portfolio, including 600MW onshore wind, 22MW hydro, 6MW BESS, 1MW solar PV installed capacity, and about 145MW pipeline assets.
PPC announces that it has entered into a binding agreement with Evryo Group, owned by funds managed by Macquarie Asset Management, to acquire their renewable #energy generation portfolio in Romania, which comprises 629MW RES in operation, and about 145MW in pipeline assets. The acquisition further strengthens PPC Group’s growth strategy in Romania and Southeast Europe, with the addition of a significant #renewables operating portfolio, including 600MW onshore wind, 22MW hydro, 6MW BESS, 1MW solar PV installed capacity, and about 145MW pipeline assets. Upon completion of the agreement, PPC’s #RES portfolio in operation in Romania will double, and total RES of PPC Group in operation will reach 5.3GW. At the same time, the Group will add an estimated EBITDA of €100 m. on an annual basis. #PPC Group have extensive experience in operating RES projects with a substantial solar pipeline in Greece. This transaction will broaden and diversify the business’s renewable energy operations with the addition of large scale wind projects and hydro power plants in the Romanian region. More: https://lnkd.in/dv3t7uCM #PPC_Group #RES #NetZero #cleanenergy