Agreements for solar and wind assets
PPC Renewables has signed agreements with MORE, the renewable energy subsidiary of the Motor Oil Group, to acquire full ownership of a solar project portfolio and operating wind farms in Greece. The financial terms of the transactions were not disclosed.
Under the solar agreement, PPC Renewables will purchase the remaining 51% stakes in 12 companies developing solar projects. The combined capacity of the portfolio totals 1,175 MW. PPC Renewables already held minority shares in these assets and will become their sole owner after completion.
Operating wind farms and project locations
The second agreement covers the acquisition of six operational wind farms. The total installed capacity is 107.1 MW, with facilities located in Fthiotida, Fokida, and Florina. The projects include a total of 26 wind turbines.
Individual wind farm capacities range from 3.5 MW to 43.2 MW. Both transactions remain subject to regulatory approval.
PPC renewable expansion targets and EBRD financing
The acquisitions are aligned with PPC’s broader strategy to expand its renewable energy footprint in Greece and neighboring markets. The group aims to increase its installed renewable capacity from 7.2 GW at the end of 2025 to 18.8 GW by 2030.
Earlier this year, PPC secured financing of up to €175 million from the European Bank for Reconstruction and Development (EBRD). The funding is intended to support renewable energy investments in Greece, Romania, and Bulgaria.
