PPC Expands Renewable Portfolio in Romania

• PPC SA's EUR 700 million acquisition of Evryo Group's renewables portfolio boosts its presence in Romania and Southeast Europe, doubling its active renewables platform.

Greek power utility PPC SA has agreed to acquire the renewables portfolio of Romanian power producer Evryo Group for about EUR 700 million. The portfolio includes 629 MW of operational assets and a 145-MW project pipeline, with assets such as a 600-MW onshore wind farm, 22 MW of hydropower, battery energy storage, and a 1-MW solar farm. This acquisition aligns with PPC's growth strategy in Romania and Southeast Europe, doubling its active renewables platform in the Balkan country and increasing its overall portfolio of assets in operation to 5.3 GW.

The deal is expected to be completed by the fourth quarter of 2024, pending regulatory clearances. Evryo Group, owned by funds managed by Macquarie Asset Management, will focus on its regulated distribution business after the transaction. This acquisition marks a significant step for PPC in expanding its presence in the renewable energy sector in Romania and Southeast Europe.

What is the significance of PPC's acquisition of Evryo Group's renewables portfolio in Romania?

• The acquisition of Evryo Group's renewables portfolio in Romania is significant as it allows PPC to expand its presence in the renewable energy sector in Southeast Europe.
• The deal includes 629 MW of operational assets and a 145-MW project pipeline, which will double PPC's active renewables platform in Romania.
• The acquisition aligns with PPC's growth strategy in the region and increases its overall portfolio of assets in operation to 5.3 GW.
• The transaction is valued at about EUR 700 million and is expected to be completed by the fourth quarter of 2024, pending regulatory clearances.
• Evryo Group, owned by funds managed by Macquarie Asset Management, will focus on its regulated distribution business after the transaction, allowing PPC to focus on expanding its renewable energy portfolio.