Greece's PPC completes purchase of Lukoil's 84 MW wind farm in Romania

Green Forum

27 March, 2024 at 7:00 AM

Public Power Corp (PPC), based in Greece, has completed the acquisition of the 84 MW wind farm owned by Lukoil in Romania.

Following the fulfillment of customary conditions precedent as stipulated in the relevant agreement, PPC has acquired a 100% stake in Land Power s.r.l., a Romanian wind park boasting an impressive total installed capacity of 84MW.

Situated in Dorobantu and Topolog, Romania, these regions are renowned for their optimal wind conditions, enabling the wind park to generate over 200 GWh annually.

The acquisition was executed through a rigorous competitive process, attracting participation from international firms. Ultimately, PPC Renewables emerged as the preferred bidder, securing the transaction.

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