PPC doubles its RES portfolio in Romania

PPC announced on Thursday the completion of the acquisition of Evryo Group's renewable energy source portfolio in Romania, which is controlled by Macquarie Asset Management, boosting further its RES activity in that country.

The acquisition, originally announced in the summer, constitutes an important milestone in PPC Group's strategy to expand its RES portfolio, but also to strengthen its commitment to the green transition throughout Southeast Europe.

With the acquisition of an additional 629 megawatts and the prospect of another 145 MW, PPC Group's total installed capacity in Romania almost doubles, which boosts the Group's growth in the region and diversifies its RES activities, as large wind power projects and hydroelectric plants are added.

The acquisition includes 600 MW of onshore wind farms, 22 MW of small hydro, 1 MW at a floating solar farm and 6 MW...