en.Wedoany.com Reported - PPC Renewables, a subsidiary of Greek utility company PPC, has reached an agreement with MORE, part of the Motor Oil Group, to acquire a portfolio of solar and wind energy assets in Greece. This Greek wind and solar portfolio includes 1,175 MW of solar projects and 107.1 MW of operational wind farms, totaling 1,282.1 MW.

Under the arrangement, PPC Renewables will acquire a 51% stake in 12 project companies it does not already own, thereby gaining full ownership of the relevant solar projects. In addition to the solar assets, the company will also acquire six operational wind farms located in the regions of Fthiotida, Fokida, and Florina, equipped with a total of 26 wind turbines, with individual wind farm capacities ranging from 3.5 MW to 43.2 MW.

Both transactions are subject to regulatory approvals. The PPC Group is expanding its renewable energy assets in markets such as Greece, Romania, Italy, and Bulgaria, with a target to increase its renewable energy installed capacity to 18.8 GW by 2030. As the 1,282.1 MW wind and solar portfolio transaction progresses, the consolidation of Greek renewable energy assets and regional power investments are expected to remain active.

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