Investor Relations - 23.12.2022

In principle agreement between PPC Renewables and Mytilineos for the construction and purchase of a portfolio of PV projects of a 210MW capacity in Romania

Athens, December 23, 2022

 

Announcement – Regulated information

 

PPC S.A. announces that its subsidiary PPC Renewables S.A. (PPCR) has signed an in principle agreement with MYTILINEOS for the development, construction and sale of a solar power portfolio of about 210 MW in Romania.

The agreement is subject to further reviews and approvals according to the two companies’ Articles of Incorporation.

The portfolio consists of two PV parks, which are expected to be in commercial operation during 2024. Both projects have been developed by Mytlineos, who will also undertake the construction.

Said projects are located in the South Region of Romania, close to Bucharest. Specifically, the largest one called Kinisis, is a 130 MW  Ready to Build  PV park with the construction scheduled to start at the beginning of 2023. The remaining 80MW will be Ready to build by Q1 2023.

 

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