PPC Group presents new, higher goals in its updated strategic plan for the three years 2025-2027with a vision to be an economically and environmentally sustainable, modern, digital energy company, with a leading role in Southeast Europe. The updated strategic plan of the group includes investments of €10.1 billion over three yearsmainly in RES, grids, flexible production, and new solutions for customers in Greece and Southeast Europe, which together with the full de-lignification to be achieved in 2026, will lead the Group’s EBITDA to reach €2.7 billion. in 2027.

The President and CEO of PPC Group, Mr. Georgios Stassisstated: “The Strategic Plan of PPC Group for the period 2025-2027 has a clear development sign. We are investing over €10 billion to lead the energy transition in South East Europe. We are investing heavily in green energy and flexible production, as well as modernizing our networks. We invest in new energy solutions of added value for our customers. We invest in new services and products. With rationality, we choose efficient investments, completely leave the unprofitable lignite behind us and create value for all stakeholders, customers, shareholders, employees, always in a socially and environmentally responsible way. Our healthy financial growth will lead us to an EBITDA of over €2.7 billion in 2027 and over €3 billion in 2030. The PPC Group is growing even faster and taking timely advantage of the opportunities offered by the green transition. With a clear vision and strategy, we are creating the energy leader in the wider region of Southeast Europe.”

Building on the solid foundations that have been created in recent years, PPC Group is moving forward dynamically with its transformation into a “green”, regional and customer-centric group and is setting high goals for the next three years:

  • Development of 6.3 GW of RES from now until 2027 in Greece and South-Eastern Europe with the aim of the installed capacity from RES to reach 11.8 GW in 2027. Already, today, approximately 60% of the RES to be added is in phase under construction or ready for construction or in a tender process (submission of tenders).
  • Developing 1.8 GW of flexible energy generation such as pumped storage, batteries, gas plants, and hydroelectric projects that address the stochasticity of RES and generate greater value.
  • Full de-lignification by 2026 and a significant reduction in production from oil plants due to island interconnections, aiming to reduce greenhouse gas emissions by 80% between 2019 and 2027.
  • New value-added solutions for customers such as synergies with Kotsovolos, home PV support services, electrician certificates and management solutions.
  • Expansion of the vertical model in Romania as well, with strong RES development to meet the energy needs of PPC Romania’s large customer base.
  • Steady growth of networks in Greece and Romania where the Regulated Asset Base is expected to increase by 7.7% on an annual basis (CAGR) in the three years and reach €6 billion in 2027.
  • Continued reduction of greenhouse gas emissions to achieve climate neutrality in 2040. PPC’s short-term and long-term targets, as recently endorsed by SBTi, include a reduction of 73.7% by 2030 and 98.6% by 2040 of Scope 1 & 2 greenhouse gas emissions per MWh produced, with a base year of 2021.

The financial goals of the PPC group for the three years 2025-2027 demonstrate the healthy economic growth and the goodwill it creates:

  • The Group’s EBITDA will reach €2.7 billion in 2027 from €1.8 billion in 2024, an increase of 14% year-on-year (CAGR), due to RES, vertical model, de-lignification and flexible production.
  • Investments with a growth sign totaling €10.1 billion as 94% of the investments will be directed to the development, mainly RES, networks and flexible production.
  • Despite the increase in investments, the Group’s Net Debt/EBITDA ratio will remain below the 3.5x limit set, as the Group will finance approximately 70% of investments from increased cash flow (FFO).
  • Dividend growth of 41% year-on-year (CAGR), the largest in the European energy sector, with a target of €0.25 per share for the year 2023 to reach €1 per share in 2027.