PPC finalizes Evryo Group renewable acquisition in Romania

Green Forum
PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania, previously owned by funds managed by Macquarie Asset Management, following the announcement on August 6, 2024.

This transaction represents a key milestone in PPC Group's strategy to expand its renewable energy sources (RES) portfolio and advance its commitment to the green energy transition in Southeast Europe.

With the addition of 629 MW in RES capacity from Evryo Group, PPC Group has doubled its renewable energy assets in Romania. This achievement aligns with its objectives of regional growth and diversification, focusing on high-capacity wind and hydro projects.

The acquired portfolio includes 600 MW of operational onshore wind power, 22 MW of hydro, 1 MW of solar photovoltaic energy, and 6 MW of battery storage, alongside 145 MW of assets in development. This significant expansion brings PPC Group's total renewable capacity to 5.5 GW across all regions, strengthening its position as a leading renewable energy producer in Southeast Europe.

Valued at approximately €700 million, the transaction adheres to PPC Group's financial policy and debt management targets. The acquired assets are projected to contribute €100 million annually to EBITDA, bolstering PPC's solid growth trajectory.

This acquisition underscores PPC Group's dedication to becoming a regional leader in sustainable energy and supports the development of synergies in energy trading, supply, and risk management within the Romanian market.

PPC's growing presence in Romania aligns with its mission to deliver reliable and sustainable energy solutions to an expanding customer base in Southeast Europe.

RECOMMENDED
Renalfa acquires PV project in Romania
Business

Renalfa acquires PV project in Romania

Renalfa IPP, an independent energy developer and producer based in Vienna, has acquired a 258 MWac photovoltaic (PV) project located in Teleorman, Romania.

RECOMMENDED FROM THE HOME PAGE
Energy

EDP inaugurates Albina solar plant in Romania

EDP, through EDP Renewables, a global leader in the development of renewable energy, has inaugurated the Albina photovoltaic power plant – an important step for the company.

Environment

Auchan Romania introduces mixed packaging return system

Auchan Romania is expanding its options for collecting beverage containers made of PET, aluminum, and glass marked with the DRS (Deposit Return System) symbol by introducing an innovative system uniquely capable of accepting all three types of packaging in bulk, without requiring prior separation by the consumer.

Environment

EU launches €1 billion ocean pact

The European Commission has adopted a new European Ocean Pact, a bold initiative aimed at protecting marine ecosystems while fostering a sustainable blue economy and supporting the well-being of coastal communities.

READ MORE
Green Forum  |  13 June, 2025 at 4:15 PM
Green Forum  |  13 June, 2025 at 12:05 PM