PPC Group: 629MW RES acquisition by Evryo Group in Romania completed

Following its announcement on 6 August 2024, it announces the completion of the acquisition of the Renewable Energy portfolio ( ) of Evryo Group in Romania, controlled by Macquarie Asset Management. The acquisition is an important milestone in the PPC Group’s strategy to expand the RES portfolio, but also strengthen its commitment to green transition across Southeast Europe. With the acquisition of an additional 629MW, the total installed power of PPC Group in Romania almost doubles, which enhances the Group’s development in the region and diversifys its activities in RES, as large wind energy projects and hydroelectric plants are added. The acquisition includes 600MW land wind parks, 22MW of small hydroelectric stations, 1MW of PV floating park and 6MW of energy storage systems in operation, as well as an additional 145MW of projects under development. This important addition will result in the PPC Group’s total RES portfolio increasing to 5.5GW and, at the same time, further strengthening its leadership as a renewable energy provider in Southeast Europe. The transaction, estimated at around 700m euros, is structured to comply with PPC Group’s financial policy, while adding EBITDA of around 100m euros, which will further support the Group’s strong growth path. The completion of the acquisition demonstrates the PPC Group’s commitment to its leading role in the field of RES in the wider region and further improves its position to exploit synergies for energy transactions, energy trading and risk management in the Romanian market. The enhanced presence of PPC Group in Romania comes to full agreement with its mission to provide reliable, sustainable energy solutions and to expand its customer base in Southeast Europe. Citigroup Global Markets Europe AG and Euroxx Securities SA acted as financial advisors, Clifford Chance as legal advisor and KPMG Advisory SRL and TÜV Hellas as financial and technical consultant respectively. PPC is the leading energy company in Southeast Europe, with activities in the production, distribution and sale of advanced energy products and services in Greece, Romania and North Macedonia. PPC Group’s production potential amounts to 12,2GW, with thermal, hydroelectric and Renewable Energy facilities with total annual energy output of around 21TWh, while the total Regulated Asset Basis on distribution networks amounted to around €4.3 billion at the end of 2023. PPC Group is the leading supplier of electricity in Greece and Romania, serving a total of 8.8 million. customers, to whom it provides approximately 33TWh of electricity and a wide range of energy products and services. PPC is listed on the stock exchange and its shares are traded on the Athens Stock Exchange Main Market. The Chairman and CEO of PPC Group, George Stassis, said: “We are satisfied with the completion of this takeover, which is a very important step for our overall development strategy in Southeast Europe. With the doubling of the portfolio of operating RES in Romania, we greatly strengthen our footprint in RES and further diversify our mix, with projects located in Romania’s most sought after areas, with high wind and hydroelectric potential. The Romanian market has excellent wind potential and plays a strategic role for the PPC Group, as we strengthen our RES network throughout the region.”