Committed to the vision of further strengthening its leading role in the energy transition taking place in Southeast Europe, the Group PPC strengthens its green portfolio in Romania with an additional one photovoltaic 130 MW project in the Călugăreni area, 40 km south of Bucharest, which was recently connected to the grid.
More than 227,240 double-sided photovoltaic panels were used for the construction of the new photovoltaic station. The estimated annual energy production of the plant is expected to exceed 193 GWh, an amount capable of meeting the energy needs of almost 48,500 households. The operation of the PPC project will prevent the emission of approximately 116,000 tons of CO2.
The Deputy CEO of PPC Group RES, Mr. Konstantinos Mavros, said: “We remain faithful to the Group’s strategy to be a dominant energy pillar in the wider region of Southeast Europe. The new photovoltaic plant in Romania comes to confirm our dominant position in the Romanian Renewable Energy market. We are continuously strengthening our green portfolio, with geographical and technological dispersion, to maximize the benefits of the green transition and the interconnected energy market.”
The new photovoltaic station is part of an agreement between PPC Group and Metlen Energy & Metals for RES projects. In total, 460 MW of solar farms, part of an agreement with Metlen Energy & Metals, are expected to be built by the end of the year.
PPC Group is expanding its presence in Southeast Europe
The PPC Group is moving forward dynamically with the development of new RES projects, as new wind and photovoltaic plants are constantly being added to the company’s existing projects. With the addition of the new PV Station, the installed capacity will exceed 6.5 GW. Of these, approximately 1.5 GW are located in Romania.
According to the three-year strategic plan, until 2027 the PPC Group will develop additional RES projects in Greece and in the wider region of Southeast Europe, with the aim of the installed RES capacity reaching 11.8 GW in 2027. Already, today, more than 60% of the RES to be added are in the construction phase or ready for construction.