PPC acquires wind and solar parks and 1.7 GW in Greece

Green Forum
Public Power Corp (PPC Group) has reached an agreement with the Copelouzos and Samaras groups to acquire their operating wind and photovoltaic assets, totaling 66.6 MW, along with a renewable project pipeline of 1.7 GW, which they will develop jointly. 

Additionally, PPC is increasing its majority stake in an 840 MW gas power project by purchasing Copelouzos' 20% share.

The agreement establishes a collaboration framework for the acquisition of the renewable assets, with the two groups continuing to participate in the portfolio's development. Separately, PPC is acquiring Copelouzos' stake in Ilektroparagogi Alexandroupolis, which is focused on building a combined-cycle gas turbine (CCGT) plant. PPC currently holds 51% in this project, with DEPA Supply owning the remaining 29%.

The operational 66.6 MW includes two wind parks in Evia and Lakonia, with a total capacity of 43.3 MW, and photovoltaic facilities totaling 23.3 MW. 

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Finance

EU leads the way in green finance

The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.

READ MORE
Green Forum  |  20 November, 2024 at 8:23 PM
Green Forum  |  20 November, 2024 at 8:16 PM