The diversification of PPC’s RES portfolio with the addition of significant wind farm capacity, the synergies with acquisitions in Romania to create an “energy corridor” in Eastern Europe and the expansion of participation in the new Alexandroupolis natural gas plant, which is expected to have significant export possibilities are the main benefits of PPC from the agreement to buy RES from the Kopelouzou and Samara groups, which the company announced yesterday.

The agreement stipulates that PPC buys:

-2 wind farms with a total installed capacity of 43.3 MW that recently came into operation, in 2019 (11.5 MW in Karystos) and 2024 (31.8 MW in Mani), in areas with high wind potential.

– RES projects under development with a total capacity of up to 1.7 GW. Of these, 1,050 MW pertain to wind farm projects, while the rest to photovoltaics.

-20% of the shares of Damco Energy of the Kopelouzo group in Alexandroupolis Power Generation SA. In this way, PPC increases its share from 51% to 71% in Alexandroupolis Power Generation and acquires a statutory majority.

As company sources stated, with this agreement PPC takes an important step for its energy transformation in the domestic market, for the gradual withdrawal of lignite units and an increase in RES, with a particular emphasis on wind power. “The fact that the specific agreement for both the projects in operation and those under development mainly includes wind energy projects achieves an important goal for PPC, as it diversifies its portfolio in RES projects, strengthening the share of wind projects in mixture. Diversifying the energy mix both technologically (wind, PV, hydro) and geographically (Greece, SE Europe) addresses the stochasticity of RES in the most efficient way,” they said.

They also pointed out that the fact that PPC Group is expected to offer as consideration a combination of cash and own shares, namely, 106 million euros in cash and 70 million euros in own shares, means that there is no need to use cash for the entire amount of the acquisition, while at the same time it is also a strong vote of confidence of the Kopelouzos Group in the PPC share.

According to PPC Group’s business plan, in 2026 the Group’s installed RES capacity will double compared to today and reach 8.9 GW. Total installed capacity will increase in 2026 to 13.1 GW from 10.7 GW today, despite the phase-out of lignite, natural gas and oil-fired units totaling 2.8 GW.

The development of renewable sources is progressing both with the maturation of projects by the company itself and with strategic partnerships. The main projects currently under construction in Greece are the large photovoltaics in the depleted lignite mines. In Northern Greece, PPC has a total of approximately 800 MW under construction in Ptolemaida (in the lignite center of Western Macedonia) and in the same area there is also a 26 MW wind farm that is expected to be completed in the coming months.

Strategic partnerships include:

The construction of a total of 940 MW of photovoltaics in the area of ​​exhausted mines in the area of ​​Amyntaio, in collaboration with RWE.

The 16 PV projects with a total licensed capacity of 1.6 GW, being developed by Motor Oil and PPC at various locations.

The agreement with Metlen Energy and Metals for the development of a portfolio of photovoltaic projects of up to 2,000 MW in Italy, Bulgaria, Croatia and Romania, which will be gradually acquired by PPC when their connection to the electricity networks of each country is completed.

The agreement with Intrakat, which includes a diversified portfolio of 75 wind and solar projects under development with a total capacity of 1.6 GW.