en.Wedoany.com Reported - On June 8, the European Bank for Reconstruction and Development provided a €175 million loan to Greece's Public Power Corporation (PPC) to support the construction of new wind and solar projects in Bulgaria, Greece, and Romania. These projects will add a total of approximately 400 MW of installed capacity, enhancing clean electricity supply in Southeast Europe.
The financing will be used for project planning, construction, and operation, with the funding arrangement also supported by the EU's InvestEU program, which provides longer-term financing conditions for large-scale cross-border renewable energy investments through risk-sharing mechanisms. According to the project design, the new wind and solar assets are expected to generate approximately 760 GWh of electricity annually and reduce CO2 emissions by about 390,000 tons. PPC is a major integrated power group in Southeast Europe, with operations spanning power generation, distribution, electricity sales, and energy services. It has a strong operational presence in markets such as Greece, Romania, and North Macedonia, and is expanding its renewable energy footprint in Bulgaria, Croatia, and Italy. This financing is not for a single power plant but supports a portfolio of wind and photovoltaic projects across three countries, helping PPC build a more diversified and stable clean energy asset base in Southeast Europe.
The power system in Southeast Europe has long faced multiple pressures, including the replacement of aging coal-fired plants, volatile imported fuel prices, fluctuations in cross-border electricity trading, and the need to enhance renewable energy integration capacity. Bulgaria, Greece, and Romania all have favorable wind and solar resources, but the energy transition requires simultaneously addressing issues such as financing terms, grid connection arrangements, market-based trading, operations and maintenance talent, and energy storage support. By advancing new capacity through a cross-border project portfolio, PPC can diversify project risks across different electricity markets and leverage its capabilities in grid access, electricity sales, and project operations to establish a more stable expansion path for renewable energy. For the equipment and engineering market, this project portfolio will drive demand for wind turbines, photovoltaic modules, inverters, substations, electrical installations, grid connection works, monitoring systems, and long-term operations and maintenance services.
The training component will establish certification courses focused on battery energy storage systems, with plans to train up to 150 engineers by 2028, while also encouraging more women to enter energy technology and management roles. As wind and solar capacity continues to increase, the demand for energy storage, flexible dispatch, and digital operations and maintenance in the Southeast European market will rise in tandem. The combination of financing and skills development arrangements secured by PPC will support project implementation, subsequent energy storage deployment, and the accumulation of local engineering capabilities. If this project portfolio proceeds as planned, Bulgaria, Greece, and Romania will gain a new set of cross-border clean energy assets, and the energy transition in Southeast Europe will achieve more defined engineering milestones.
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