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.

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Green Forum  |  12 December, 2024 at 9:00 PM
Green Forum  |  12 December, 2024 at 8:00 PM