The Romanian Competition Council is investigating the planned acquisition of several local renewable energy companies—Tomis Team, Ovidiu Development, MW Team Invest and TMK Hydroenergy Power—by the Greek Public Power Corporation (PPC). The Council stated that it will evaluate the transaction terms to determine if it can be approved under current legislation.
Tomis Team, Ovidiu Development, and TMK Hydroenergy Power collectively operate renewable energy plants with a total capacity of approximately 629 MW, while MW Team Invest owns a wind farm managed by Tomis Team.
In August, PPC announced an agreement with Evryo Group (formerly CEZ), owned by Macquarie Asset Management, to acquire its renewable energy portfolio in Romania, which includes 629 MW in operation and an additional 145 MW in assets under development. The deal is valued at around 700 million euros and aims to bolster PPC’s growth strategy in Romania and southeastern Europe by significantly expanding its renewable operations.
This acquisition will add 600 MW of wind power, 22 MW of hydropower, 6 MW of battery storage, and 1 MW of solar power to PPC’s portfolio. Once completed, PPC’s renewable energy capacity in Romania will double, bringing the total installed capacity for the PPC Group to 5.3 GW.
Additionally, in October 2023, PPC finalized the acquisition of stakes held by the Enel Group in Romania, which included a substantial portfolio of renewable projects and electricity distribution and supply operations.
