Greece's PPC completes acquisition of 277.3 MW Polish renewable portfolio

Completion of the Polish portfolio acquisition

Public Power Corporation (PPC) announced on 1 October 2026 the completion of its transaction to acquire a 277.3-megawatt renewable energy portfolio in Poland. The closing of the deal follows the preliminary agreement signed on 31 July 2026 between PPC and EDP Renewables Polska Sp. z o.o. alongside EDP Renewables Polska HoldCo S.A. Through this purchase, the Greek utility establishes an operational footprint in the Polish clean energy sector. The acquired assets carry an estimated technical and operational lifespan of 35 years across the full asset base. The portfolio structure combines 175.4 megawatts of operational capacity across wind and solar technologies with an additional 101.9 megawatts of photovoltaic capacity currently under development.

Operating wind and solar assets

The operational portfolio acquired by PPC encompasses 175.4 megawatts of generation capacity across five separate installations. The onshore wind segment represents 130.5 megawatts of this total, distributed across three distinct sites. These include the 54-megawatt wind farm in Ilza, the 46.5-megawatt project in Tomaszow, and the 30-megawatt installation in Poturzyn. The wind facilities deliver capacity factors of up to 33%. The operational solar photovoltaic portfolio totals 44.9 megawatts, comprising two standalone generation sites. The facility in Pakoslaw accounts for 25.1 megawatts of solar capacity, while the park in Recz provides 19.8 megawatts. Both operational solar assets benefit from long-term fixed-price power purchase agreements covering their initial operational years, providing downside revenue protection against electricity market volatility.

Cable-pooling development pipeline

The transaction also includes a development pipeline consisting of two solar photovoltaic projects totaling 101.9 megawatts. This pipeline comprises the Ilza CP project at 50.9 megawatts and the Tomaszow CP project at 51.0 megawatts. Both facilities have an estimated commercial operation date in 2029. Both assets use cable pooling, connecting directly to the same grid connection infrastructure used by the existing Ilza and Tomaszow wind farms. This shared grid architecture maximizes electrical network capacity usage while reducing connection rejections from grid operators. The co-location takes advantage of complementary generation profiles, balancing solar output during daytime peaks with wind generation patterns throughout the year.

Strategic plan and regional expansion

The Polish acquisition represents a step in implementing PPC's Strategic Plan 2026–2030, which directs capital toward geographic expansion across Central and South-Eastern Europe. The group's strategy includes a 24 billion euro investment program targeted at nearly doubling PPC's total installed capacity by 2030. Entry into the Polish power market establishes geographic and technological diversification for the utility, mitigating operational risk across different regional weather systems. PPC plans to use the acquired wind, solar, and cable-pooling assets as part of a single regional clean energy platform spanning from Greece to Central and South-Eastern Europe.