PPC Group completes acquisition of Evryo Group’s 629MW renewables portfolio in Romania

PPC announces the completion of the acquisition of Evryo Group’s renewable energy generation portfolio in Romania, a portfolio owned by funds managed by Macquarie Asset Management. With the addition of Evryo Group’s 629MW RES capacity, PPC Group’s total renewable assets in Romania doubles, further advancing its growth in the region and enhancing its portfolio with large-scale wind and hydro projects.

The acquired portfolio comprises 600MW of operational onshore wind, 22MW of hydro, 1MW of solar PV, and 6MW of battery storage, with a further 145MW in pipeline assets. This addition will see PPC Group’s total RES capacity across all regions increase to 5.5GW.

This transaction, valued at approximately 700 million euros, aligns with PPC Group’s financial policy and leverage targets, while the portfolio’s estimated annual EBITDA contribution of 100 million euros will further support PPC’s growth trajectory.

Georgios Stassis, Chairman and CEO of PPC Group, commented: “We are excited to finalize this acquisition, which is a major step forward in our Southeast Europe expansion. By doubling our operational RES capacity in Romania, PPC Group is significantly enhancing its renewable footprint and diversifying its portfolio with high-value wind and hydro assets in key locations. The Romanian market provides excellent wind resources and is a strategic part of PPC Group’s plan, as we strengthen our renewable energy network across the region.”

PPC Group was advised by Citigroup Global Markets Europe AG and Euroxx Securities SA as financial advisors, with Clifford Chance providing legal advice, and KPMG Advisory SRL and TÜV Hellas financial and technical Due Diligence support respectively.