Committed to the vision to further enhance its leading role in the energy transition taking place in Southeast Europe, the PPC Group strengthens its green portfolio in Romania with a new photovoltaic project at the region of Călugăreni, 40 km south of Bucharest, which was recently connected to the grid.
For the construction of the new photovoltaic plant, 227,240 bifacial photovoltaic panels were used. The estimated annual energy generation of the project is expected to exceed 193 GWh, sufficient to meet the energy needs of more than 48,500 households. The operation of the project is expected to prevent the emission of around 116,000 tonnes of CO2 per year, according to a press release.
„We remain committed to the Group’s strategy of becoming a major energy player in the wider Southeast European region. The new photovoltaic park in Romania confirms our dominant position in the Romanian renewable energy market. We continue to steadily develop our green portfolio, with geographical and technological diversification, in order to maximise the benefits of the green transition and the interconnected energy market”, stated the Deputy Chief Executive Officer of RES PPC Group, Konstantinos Mavros.
The new photovoltaic park is part of an agreement between the PPC Group and Metlen Energy & Metals for renewable energy projects. A total of 460 MW of photovoltaic parks, part of an agreement with Metlen Energy & Metals, are to be completed by the end of the year.
PPC Group expands its presence in Southeast Europe
The PPC Group continues to evolve dynamically by expanding its renewable energy portfolio, as new wind and photovoltaic projects are constantly added to those already in place. With the inauguration of the new photovoltaic park in Călugăreni, installed capacity will exceed 6.5 GW, of which 1.5 GW in Romania.
According to the three-year strategic plan, by 2027, the PPC Group will develop additional renewable energy projects in Greece and throughout the Southeast Europe region, with the goal of increasing installed capacity from renewable sources to 11.8 GW by 2027. Currently, over 60% of the renewable energy projects to be added are already under construction or ready for construction.
MSCI Inc. has upgraded PPC Group’s ESG rating to “A”, recognizing the Group’s strengthened performance across key sustainability areas.
The assessment highlights improved results in environmental management, renewable energy portfolio development, and corporate governance, reflecting PPC Group’s steady progress in managing sustainability-related risks and opportunities.
This upgrade confirms the alignment of our strategy with international ESG standards and reinforces our commitment to transparency, responsible business practices, and the creation of long-term value for all stakeholders.
