Public Power Corporation (PPC) has announced the signing of a strategic agreement with German energy developer ABO Energy GmbH & Co. KGaA for the acquisition of its subsidiaries in Poland and Hungary, along with a renewable energy portfolio with a total capacity exceeding 2 GW. The agreement marks a milestone for the group’s “green” European portfolio, signaling a significant upgrade and consolidation of the PPC Group’s presence in Central and Southeastern Europe.
Through the agreement, the PPC Group acquires ABO Energy Polska z.o.o. and ABO Energy Hungary Kft., adding two fully staffed project development platforms to its operations, complete with specialized teams in each of the two countries. The portfolio includes 29 SPVs holding 99 MW of solar projects either in operation or nearing completion, along with over 2 GW of projects (solar, wind, and battery storage) at various stages of development.
Strategic plan
This new business move follows the PPC Group’s recent entry into the Hungarian market — through the acquisition of a 57.5 MW solar park — and the Polish market — through the acquisition of a 277.3 MW renewable energy portfolio. It significantly accelerates the implementation of the group’s new strategic development plan for 2026–2030, which envisions expansion through renewable energy and storage projects in Hungary, Poland, and Slovakia, both through organic growth and acquisitions. The transaction incorporates two fully operational, already-staffed local teams with proven experience in renewable energy project development. Both platforms cover the full management chain, including site selection, land securing, permitting, grid connection management through to the Ready-to-Build stage, construction design and supervision, as well as operations, maintenance, and financial monitoring. The integration of these two platforms expands the group’s operational capabilities for energy generation and project development in both countries, ensuring long-term organic growth.
The acquisition portfolio is characterized by high technological and geographical diversification (solar, wind, battery storage), comprising 99 MW of projects in operation or nearing completion and over 2 GW of projects at various stages of development. This agreement directly supports the group’s regional targets, with the closing of the deal for ABO Energy’s Polish subsidiary expected in September 2026 and for Hungary in the fourth quarter of 2026. The completion of the transactions is subject to the fulfillment of certain customary closing conditions, including, among others, the receipt of required approvals from the relevant regulatory authorities.
Konstantinos Mavros, Deputy CEO for Renewables at the PPC Group, emphasized that “the agreement with ABO Energy represents a decisive qualitative leap for the PPC Group in Central Europe. We are not simply acquiring an exceptional project portfolio — we are integrating two experienced and highly successful local teams in Poland and Hungary into our operations. Combined with our recent agreements with EDP Renewables and Greenvolt, we are building a robust regional platform that will serve as the core of our international expansion in Central Europe through 2030.”
To capitalize on the significant opportunities emerging across the broader region, the PPC Group is accelerating its development, targeting a doubling of its total installed capacity to 24.3 GW by 2030, up from 12.4 GW in 2025. This will be achieved by significantly increasing new project additions to 2.4 GW per year, primarily in renewables, flexible generation, and storage.
Geographical continuity
The expansion into Hungary and Poland represents the natural geographical extension of the group’s leading position already established in Greece and Romania, while an extensive investment plan is also being advanced in other countries of operation, including Italy, Bulgaria, and Croatia. By 2030, 45% of the group’s installed capacity will be located outside Greece, featuring a balanced energy mix that will include all modern forms of generation (solar, wind, hydroelectric, natural gas) and storage, ensuring geographical and technological diversification.
At a time when energy and technology have become critical factors of competitiveness, security, and resilience, the PPC Group is evolving into a pillar of stability for the European market — investing in critical energy and technology infrastructure that strengthens the broader region and creates long-term value.
