“The Group PPC creates a new starting point for the RES from 2025″, said the CEO of PPC Renewables, Konstantinos Mavros, during his intervention at the annual Capital Link Investment Conference for Greece, entitled “GREECE – SPEEDING AHEAD POST INVESTMENT UPGRADE”, which took place yesterday (9.12. 2024) in New York.
In particular, the CEO of PPC Renewables emphasized that “Greece is among the leading countries in the world in terms of solar and wind penetration in electricity, the share of RES has reached 60% of electricity generation, delignitization continues, while we constantly break records for the hours our system relies exclusively on RES”.
This, as he explained, “creates a new starting point for 2025, as the PPC group, after the presentation of its strategic plan for the next three years, proves that it will continue to play a leading role in the development of renewable energy sources”, as it becomes clear that it is absolutely necessary to continue the energy transition and advance the investments required to realize the goal of green growth.
The Deputy CEO of PPC Group RES presented the Group’s strategic plan, which is expected to develop 6.3 GW of RES in Greece and in the wider region of Southeastern Europe by 2027, with the aim of the installed capacity from RES to reach 11.8 GW in 2027. He added that “already, today, more than 60% of the renewables to be added are under construction or ready to construction. For the realization of the remaining 40% of the goal, the Group has a wide range of projects to develop to choose which ones will proceed in order to achieve the goal”.
“According to PPC Group’s Strategic Plan, the next three years are the three years of RES in production, full de-lignification and flexible units”, said Konstantinos Mavros and emphasized that thanks to RES investments in Greece and abroad that will add energy 9TWh per year during the period 2025 – 2027, the energy produced by PPC Group will increase from 20TWh per year in 24TWh, despite the closure of lignite and other polluting units, which currently produce 5TWh.
As he said, “the energy transition is based on three pillars: decarbonization, the decentralized production of energy from RES that leads to the “democratization of production and the digital transformation and interoperability of production systems”. As he pointed out, for this goal, investments of 7 trillion are required worldwide. dollar annually until 2050.
Referring to Europe, Mr. Mavros spoke of “systematic investments amounting to 67 billion euros per year until 2050 in new and modernized electricity network infrastructures, with the integration of digitization, as also emerges from a recent study by Eurelectric”.
He made an extensive reference to South-Eastern Europe, which is experiencing the cosmogenic changes that are currently taking place worldwide in the energy sector, and emphasized the role of PPC Group in the region’s energy security. “The PPC Group implements its own Green Deal and plays a decisive role in Southeast Europe, with investments for the development of RES in several countries in the region, leading the electrification of the energy system and contributing to the development of the economy”, he explained .