PPC Group from Greece, which acquired Enel Romania a year ago, presented for the first time its plans for the coming years, focusing on renewable energy. The company wants to build 1.3 GW of new power plants over the next three years, adding to the 600 MW already in operation.
Romania is a strategic country in the PPC Group and in the region, allowing the group to create an energy corridor spanning South-Eastern Europe, with huge potential for value creation and generating synergies, with benefits for all countries, the company’s statement said.
The country’s attractiveness and growth potential are illustrated by PPC estimates at the macroeconomic level.
The group estimates that electricity demand in Romania will increase by 10% by 2030, which means that additional investments in clean energy sources are needed to increase the competitiveness of the economy.
PPC expects the installed capacity of power generation plants in Romania to increase by 48% during this period, with new green energy capacity totaling 6.4 GW helping to meet demand.
Thus, Romania is a key country in PPC’s development plans, making it the main destination for planned investment projects.
At group level, PPC has a project portfolio of 18 GW for renewable energy capacity, one third of which is targeted at Romania.
Thus, by 2026, PPC plans to commission new green energy plants in Romania with a capacity of about 1.3 GW, which will be added to the existing ones with a capacity of about 600 MW.
Renewable generation at the PPC group level will come from regions with diverse climates and geographies.
Distribution networks are another important point for the next three years, PGC says.
“Investments are aimed at developing intelligent, automated networks that help increase network resilience and ultimately improve customer service. To achieve these ambitions, the regulatory framework is expected to support higher levels of investment.”
In supply, the company expects to maintain its market share at 18% until 2026, despite increased competition.
Source: Hot News
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