PPC doubles its RES portfolio in Romania

PPC announced on Thursday the completion of the acquisition of Evryo Group’s renewable energy source portfolio in Romania, which is controlled by Macquarie Asset Management, boosting further its RES activity in that country.

The acquisition, originally announced in the summer, constitutes an important milestone in PPC Group’s strategy to expand its RES portfolio, but also to strengthen its commitment to the green transition throughout Southeast Europe.

With the acquisition of an additional 629 megawatts and the prospect of another 145 MW, PPC Group’s total installed capacity in Romania almost doubles, which boosts the Group’s growth in the region and diversifies its RES activities, as large wind power projects and hydroelectric plants are added.

The acquisition includes 600 MW of onshore wind farms, 22 MW of small hydro, 1 MW at a floating solar farm and 6 MW of energy storage systems in operation, as well as an additional 145 MW of projects under development. This important addition will result in PPC Group’s total RES portfolio increasing to 5.5 gigawatts and, at the same time, further strengthening its leading position as a renewable energy provider in Southeast Europe.

The transaction, the amount of which is estimated at approximately 700 million euros, is structured to be in line with PPC Group’s financial policy, while it will add EBITDA of approximately €100 million, which will further support the company’s strong growth trajectory.

Πηγή: pagenews.gr