PPC and Mytilineos Partner for 2 GW Solar Development
- PPC SA and Mytilineos SA join forces to develop 2 GW of solar parks in Italy and the Balkans, a EUR 2 billion deal set to power 320,000 homes annually.
Greek power utility PPC SA has signed a cooperation agreement with Mytilineos SA to develop and build up to 2 GW of solar photovoltaic parks in Italy and the Balkans. The deal is valued at up to EUR 2 billion and includes 90 projects in Italy, Bulgaria, Croatia, and Romania. Mytilineos will handle the development and construction of the projects, which will then be transferred to PPC Group once operational.
The projects, totaling 1,964 MW, are expected to be completed over the next three years and will generate electricity for approximately 320,000 homes annually. This agreement aligns with Mytilineos' growth strategy for its renewables business and represents an important step for PPC in expanding its operations in Southeast Europe and increasing its installed renewables fleet to 8.9 GW by 2026.
What is the value and scope of the solar projects in Italy and the Balkans?
- The value of the solar projects in Italy and the Balkans is up to EUR 2 billion.
- The scope of the projects includes 90 solar photovoltaic parks in Italy, Bulgaria, Croatia, and Romania.
- The total capacity of the projects is 1,964 MW, which is expected to generate electricity for approximately 320,000 homes annually.
- The projects are set to be completed over the next three years.
- The agreement between PPC SA and Mytilineos SA aligns with Mytilineos' growth strategy for its renewables business and will help PPC expand its operations in Southeast Europe.
- The goal is to increase PPC's installed renewables fleet to 8.9 GW by 2026.
