PPC announces the completion of the acquisition of Evryo Group’s renewable energy portfolio in Romania, previously held by funds managed by Macquarie Asset Management. This acquisition marks a significant milestone in PPC Group’s strategy to expand its renewable energy (RES) portfolio and strengthen its commitment to the green energy transition in South-Eastern Europe. With the addition of Evryo Group’s 629 MW of RES capacity, PPC Group’s total renewable energy assets in Romania double, in line with its objective to grow in the region and diversify its portfolio with large-scale wind and hydro projects.
The acquired portfolio comprises 600 MW of onshore wind in operation, 22 MW of hydro, 1 MW of solar PV and 6 MW of battery storage, with a further 145 MW in assets under development. This substantial step will increase the total renewable energy capacity of the PPC Group to 5.5 GW across all regions and strengthen its position as a leading renewable energy producer in Southeastern Europe.
The transaction valued at approximately EUR 700 million aligns with the financial policy and objectives of the PPC Group in terms of debt levels, while the annual contribution of the acquired assets to EBITDA, estimated at EUR 100 million, will further support PPC’s robust growth trajectory.
“We are delighted to complete this acquisition, a major step in our expansion into South-Eastern Europe. By doubling our renewable energy operational capacity in Romania, PPC Group significantly enhances its renewable footprint and diversifies its portfolio with high-value wind assets, as well as hydro, in key areas. Romania offers excellent wind resources and is a strategic part of PPC Group’s plan to strengthen its renewable energy presence across the region,” said Georgios Stassis, President and CEO of PPC Group.
The completion of this transaction demonstrates PPC Group’s commitment to becoming a regional leader in sustainable energy and contributes to capitalizing on the synergies of its power trading, supply and risk management activities in the Romanian market. PPC Group’s level of involvement in Romania aligns with its mission to provide reliable and sustainable energy solutions to an expanding customer base in South-Eastern Europe.