The entry of PEC Group into the Italian market for Renewable Energy Sources marks the start of the operation of two new photovoltaic power plants with a total installed capacity of 32 MW.

Committed to the vision of further strengthening its leading role in the energy transition taking place in Southeastern Europe, PPC Group strengthens its green portfolio with the addition of the Carcarello and Luxenia plants in central Italy with an installed capacity of 20 MW and 12 MW respectively.

For the construction of the new photovoltaic stations, which will be completed within the next few days, more than 55,000 double-sided photovoltaic panels were used. The estimated annual energy production of the two plants is expected to exceed 60 GWh, an amount sufficient to meet the energy needs of nearly 15,000 households. The operation of the two parks will prevent the emission of about 37,200 tonnes of CO2.

Deputy CEO of PPC Group RES, Mr. Konstantinos Mavros, said: “The PPC Group’s entry into the Italian energy market demonstrates most emphatically the Group’s strategy to be a dominant energy pillar in the wider region of South East Europe. The two photovoltaic plants that are starting operation are just the beginning. The company’s strategic plan foresees continuous project deliveries until 2027. We are continuously strengthening our green portfolio, with geographic and technological diversification, to maximize the benefits of the green transition and the interconnected energy market.”

The two new photovoltaic power plants are part of a wider agreement with Metlen Energy & Metals for renewable energy projects in four countries in Southeast Europe.

The PPC Group expands its presence in Southeastern Europe

The PPC Group is moving forward dynamically with the development of new renewable energy projects, as new wind and photovoltaic projects are continuously being added to the company’s existing projects, which have already reached an installed capacity of approximately 5.5 GW. Of these, around 1.5 GW are located in Romania.

According to the three-year strategic plan, by 2027 PPC Group will develop an additional 6.3 GW of RES in Greece and the wider region of Southeast Europe, to reach 11.8 GW of installed RES capacity in 2027. Already, today, more than 60% of the RES to be added are under construction or ready for construction. The two new photovoltaic parks in Italy are part of this plan.

The PPC Group’s strategic plan includes entering new markets such as Italy, Bulgaria, and Croatia, i.e. neighbouring countries with existing interconnections. Italy and Croatia in particular are particularly important markets due to their interconnection potential and their significant potential in the renewable energy sector.

The main development arm of the PPC Group’s RES portfolio is the wholly owned subsidiary PPC Renewables. PPC Renewables invests in the power of nature through renewable energy production and energy storage. In addition to its large-scale photovoltaic and wind projects, the company is innovating in the Southeastern European market through projects covering the full range of renewable energy sources (wind, solar, water, geothermal, and biomass).