PPC Group commits €10 billion for green energy

Green Forum

15 November, 2024 at 7:35 AM

PPC Group has announced a bold investment plan of €10.1 billion over the next three years. This significant investment will primarily focus on renewable Energy Sources (RES): developing 6.3 GW of new RES capacity in Greece and Southeast Europe.

The company plans to invest in 1.8 GW of flexible generation assets, such as hydro, batteries, and gas. The company will also modernize and expand its network infrastructure in Greece and Romania. Additionally, PPC Group is committed to accelerating the transition to a low-carbon future by aiming to be coal-free by 2026 and significantly reducing greenhouse gas emissions.

Finally, the company will expand its range of value-added services, including energy efficiency solutions and digital services, to better serve its customers.

By implementing this strategic plan, PPC Group aims to strengthen its position as a leading energy company in Southeast Europe and contribute to the region's green transition.

PPC Group expands into Italy with two new PV plants

PPC Group has entered the Italian renewable energy market with the launch of two photovoltaic (PV) plants boasting a combined installed capacity of 32 MW.

Energy

Poland commits €640 million to hydrogen for green transition

Poland has committed €640 million from its National Recovery and Resilience Plan (KPO) to advance hydrogen technologies, marking a major step toward a greener economy.

Energy

EU greenlights Italian State aid renewable energy

The European Commission has approved an Italian scheme to support a total of 4590 MW of new capacity for electricity production from renewable energy sources.

Energy

EC offers guidance to speed up renewable energy

The European Commission has introduced a series of updated recommendations and guidance documents to refine and expedite permitting procedures and auctions for renewables.