Driven by its vision to intensify its leading role in the energy transition in South-Eastern Europe, PPC Group is strengthening its green portfolio in Romania with a new photovoltaic project in the Călugăreni region, 40 km south of Bucharest, which was recently connected to the grid.
227,240 bifacial panels were used for the construction of the new photovoltaic park. The estimated annual energy production of the project is expected to exceed 193 GWh, enough to meet the energy needs of over 48,500 households. Once operational, the Călugăreni photovoltaic park is estimated to prevent the release of approximately 116,000 tons of CO₂ into the atmosphere annually.
Deputy CEO of RES PPC Group, Konstantinos Mavros, stated: “We remain committed to the Group’s strategy to become a leading energy pillar in the wider South-Eastern Europe region. The new PV park in Romania confirms our dominant position in the Romanian renewable energy market. We continue to constantly develop the green portfolio, with geographical and technological diversification, to fully capitalize on the advantages of the green transition and the interconnected energy market.”
The new PV park is part of an agreement between PPC Group and Metlen Energy & Metals for renewable energy projects. A total of 460 MW of PV parks, part of an agreement with Metlen Energy & Metals, are due to be completed by the end of the year.
PPC Group continues to evolve in a dynamic way, expanding its renewable energy portfolio, as new wind and PV projects are constantly joining the existing ones. With the inauguration of the new photovoltaic park in Călugăreni, the installed capacity will exceed 6.5 GW, of which 1.5 GW comes from Romania.
According to the three-year strategic plan, by 2027, the PPC Group will develop additional renewable energy projects in Greece and the entire South-Eastern Europe region, with the objective of increasing the installed capacity from renewable sources to 11.8 GW by 2027. Currently, over 60% of the renewable energy projects to be added are already under construction or ready for construction.