Intense mobility and new projects from PPC Renewables

Of Thanks to Floudopoulos

PPC’s investment arm in the green energy market, PPC Renewables, has been showing strong mobility lately.

The company, which currently operates projects with a total capacity of 250MW, is rapidly developing its portfolio and is already currently constructing projects with a total capacity of 360MW, which will more than double the installed capacity of PPC Renewables within the year.

At the same time, the company’s management is ready to launch new tenders for 600MW projects.

At the same time, the cooperation of PPC Renewables with the German energy giant RWE is progressing and in this context, the first joint project of the two companies, with a capacity of 200MW, is expected to start by the end of the year.

Although the company’s management refuses to confirm or deny the relevant information, market sources want PPC Renewables to be one of the two main suitors for Volterra’s RES portfolio, which has been put up for sale by the parent group Avax.

Volterra has wind farms in operation with a total capacity of 73 MW and another 36 MW under construction, as well as a portfolio under development approaching 150 MW.

In any case, PPC has a very ambitious plan for the development of several GW projects within five years.

According to what the management had stated in the context of the last AMK, the company’s goal is to increase its investment program to € 5.3 billion in the next 3 years and to € 8.4 billion by 2026, aiming at 7 , 2GW of installed RES capacity (including Hydroelectric Power Stations) by 2024 and 9.1GW by 2026, which in turn is expected to contribute to the achievement of EBITDA targets of € 1.7 billion in 2026.

Finally, it is worth noting that in the first phase, PPC Renewables’s plan aims to exceed 500MW of installed capacity by 2022 and reach 1.5GW by 2024.