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PPC Renewables Joins Forces with RWE Renewables

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(FILE photo EUROKINISSI/Giorgos Stergiopoulos)

ATHENS -- PPC Renewables and RWE Renewables on Thursday announced the signing of an agreement to form a joint venture to realise renewable energy source projects in Greece with a total power of 2GW and more. The agreement was signed by Constantinos Mavros, CEO of PPC Renewables and Katja Wunschel, COO onshore and PV Europe and Asia-Pacific of RWE Renewables. PPC Renewables will contribute nine solar projects with a total power of 940 MW located in West Macedonia, while RWE Renewables - which will hold a 51 pct majority of shares in the joint venture - has ensured a series of solar projects of a similar size to be included in the joint venture. The projects are expected to be operational in 2023.

Konstantinos Mavros, CEO of PPC Renewables, said: “PPC is committed to leading the energy transition in the country. Our extroversion is essential for the group’s transformation. Together with strong partners we are on track to meet our ambitious targets and drawing our own green deal. Today marks a significant milestone in our journey, we welcome RWE to Greece and look forward to co-developing projects of unprecedented scale in the country.”

Katja Wünschel, COO Onshore and PV Europe and Asia-Pacific of RWE Renewables, on her part, said: “European collaborations, like our partnership with PPC, are essential to making the energy transition happen. Greece is a promising growth market for us, with its high solar energy levels and clear commitment to renewables. As one of the world’s leading renewable energy companies we will contribute significantly with our experience and knowledge to ensure this cooperation is a success. Growing new renewable energies is the clear focus for RWE.”