Greek utility company Public Power Corporation (PPC) has received approval from Romania’s Competition Council to acquire the five companies operating Europe’s largest onshore wind farm, located in Fântânele-Cogealac, eastern Romania.
With this acquisition, PPC’s production capacity in Romania will increase from its current 677 MW, solidifying its position in renewable energy. The companies being acquired are part of Romania’s green certificate support scheme, further enhancing PPC’s renewable portfolio.
The companies — Felix Renewable Holdings, Tomis Team, Ovidiu Development, MW Team Invest and TMK Hydorenergy Power — together contribute around 629 MW of renewable energy capacity to the region.
After analysing the transaction, the Competition Council determined that the acquisition does not significantly impact competition in Romania. The decision noted the transaction’s alignment with a competitive market environment.
PPC, Greece’s leading electricity producer and supplier, has been expanding in Southeast Europe, including Romania, previously through the purchase of Enel’s Romanian assets, as well as North Macedonia.
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Publish date : 2024-10-29 19:12:00
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The post bne IntelliNews – PPC to take over Europe’s biggest onshore wind farm in Romania first appeared on Love Europe.
Author : love-europe
Publish date : 2024-10-29 19:26:37
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