PPC Expands Bulgarian Portfolio, Acquiring 88-MW Vedrare Solar Farm Development

• PPC will add an 88-MW solar farm in Vedrare, Bulgaria, to its portfolio in Q1 2026, boosting annual green output by 140 GWh and cutting 70 kt of CO₂, as part of its drive toward 11.8 GW of renewables by 2027.

Greek utility Public Power Corporation (PPC) is deepening its regional push into South-East Europe with the acquisition of an 88-MW photovoltaic project now under construction near the village of Vedrare in Bulgaria’s Karlovo region. The plant, being built by Chint Green Energy (a subsidiary of China’s Chint Group/Astronergy), is slated for hand-over once construction and grid-commissioning are finalised in the first quarter of 2026.

Situated roughly 50 km north-east of Plovdiv, the site enjoys some of Bulgaria’s highest solar irradiation levels and easy access to existing transmission infrastructure. When fully operational, the farm is expected to generate about 140 GWh of clean electricity per year—enough to supply roughly 23,500 households—while avoiding an estimated 70,000 tonnes of CO₂ emissions annually.

The deal reinforces PPC’s rapid build-out in Bulgaria, where the group already operates the 18-MW Garda wind park and broke ground in March on the 165-MWp “Colosseum” solar-plus-storage complex (25 MW/55 MWh BESS) in Stara Zagora. Including projects in operation or under construction, PPC controls 208 MW of Bulgarian renewables capacity and is developing a further 550 MW pipeline across the country.

More broadly, the Athens-listed utility is executing a €9 billion investment plan that targets 11.8 GW of renewables by 2027, nearly doubling the company’s current 6.2 GW clean-energy fleet spread across Greece, Romania, Italy and Bulgaria. Management views Bulgaria’s regulatory stability and strengthening power interconnections as pivotal for creating a south-eastern European green-electricity hub that can also export surplus generation to neighbouring markets.

With the Vedrare project now in PPC’s pipeline, the company expects to consolidate engineering and financing synergies across its Bulgarian assets, accelerate its regional learning curve, and inch closer to its medium-term ambition of deriving the majority of group EBITDA from low-carbon sources.