Greece’s Public Power Corporation (PPC Group) has announced a landmark agreement to add a portfolio of wind and solar photovoltaic projects in Poland with a combined capacity of 277.3 MW, marking the group’s entry into Poland’s energy market — one of the most promising and fastest-growing clean energy markets in Europe.
“The agreement with EDP Renewables Polska Sp. z o.o. and EDP Renewables Polska HoldCo S.A. represents a further step toward implementing PPC Group’s new strategic development plan for the period 2026–2030, which envisions a dynamic investment programme worth €24 billion, aimed at nearly doubling the group’s installed capacity,” the company stated.
PPC Group enters the Polish market
According to PPC Group:
The strategic positioning in the Polish market reinforces PPC Group’s leading role in the broader region and lays the foundation for building a unified regional clean energy platform stretching from Greece to Central and Southeast Europe. This approach achieves geographic and technological diversification of energy generation, which mitigates operational risk and maximises the value of the group’s portfolio. The acquired portfolio is characterised by high technological diversity and an excellent revenue profile, with all projects carrying an estimated operational lifespan of 35 years.
What the deal includes
Specifically, the acquisition comprises:
- Operational wind energy projects (130.5 MW): Three operational wind farms in the Ilza (54 MW), Tomaszow (46.5 MW), and Poturzyn (30 MW) regions, achieving high capacity factors of up to 33%.
- Operational solar photovoltaic projects (44.9 MW): Two solar parks in the Pakoslaw (25.1 MW) and Recz (19.8 MW) regions. These projects offer strong protection against market volatility, benefiting from long-term fixed-price contracts during their initial years of operation.
- Cable pooling projects under development (101.9 MW): Two solar photovoltaic projects — Ilza CP (50.9 MW) and Tomaszow CP (51.0 MW) — expected to come online in 2029. These projects will utilise cable pooling technology, sharing grid connection infrastructure with the existing wind farms. This approach maximises network capacity utilisation, reduces grid connection rejections, and delivers exceptional synergies through the complementary generation profiles of wind and solar energy.
Poland represents a market with enormous potential in Europe’s clean energy sector, recording an impressive average annual renewable energy growth rate exceeding 17% over the period 2016–2025. The country is implementing an ambitious energy transition programme, targeting over 50% of its electricity generation from renewable sources by 2030. Furthermore, the introduction of a pioneering legal framework for cable pooling from 1 October 2023 has created a highly attractive and secure environment for modern, large-scale investments that optimise grid infrastructure.
Statement by Konstantinos Mavros
Konstantinos Mavros, Deputy CEO for Renewables at PPC Group, stated: “Just days after entering the Hungarian market, we are today announcing our entry into the highly promising Polish market, swiftly executing our strategy for the new expansion phase of PPC Group across Central and Southeast Europe. As part of our new strategic plan through 2030, we are targeting high-growth markets — such as Hungary, Poland, and Slovakia — with the goal of developing 2.2 GW in renewable energy and storage projects. With the acquisition of this exceptionally well-balanced 277.3 MW portfolio, we are incorporating significant assets into our pipeline and broadening our geographic footprint.”
To capitalise on the significant opportunities emerging across the broader region, PPC Group is accelerating its development, targeting a doubling of total installed capacity to 24.3 GW by 2030, up from 12.4 GW in 2025. This will be achieved by substantially increasing new project additions to 2.4 GW per year, primarily in renewables, flexible generation, and energy storage.
The expansion into Poland represents the natural geographic extension of the group’s already leading position in Greece and Romania, while an extensive investment plan is simultaneously being advanced in other countries of operation, including Italy, Bulgaria, Croatia, and Hungary. By 2030, 45% of the group’s installed capacity will be located outside Greece, supported by a balanced energy mix encompassing all modern generation technologies — solar, wind, hydropower, and natural gas — as well as storage, ensuring comprehensive geographic and technological diversification.
“At a time when energy and technology have become critical factors of competitiveness, security, and resilience, PPC Group is evolving into a pillar of stability for the European market, investing in critical energy and technological infrastructure that strengthens the broader region and creates long-term value,” the company concluded.
