PPC Group announces the signing of a strategic agreement with the German company ABO Energy for the acquisition of its subsidiaries in Poland and Hungary, together with a portfolio of RES projects with a total capacity of over 2 GW. The agreement represents a new milestone for the Group’s European “green” portfolio, marking a substantial modernization and consolidation of PPC Group’s presence in Central and South-Eastern Europe.
Through this agreement, PPC Group acquires ABO Energy Polska and ABO Energy Hungary, integrating two fully-staffed project development platforms with specialized teams operating in each country. The portfolio includes 29 SPVs holding 99 MW of photovoltaic projects in operation or close to completion, and over 2 GW of projects (photovoltaic, wind and storage) in various stages of development.
This new initiative, which follows the recent entry of the PPC Group into the Hungarian market (with the agreement to acquire a 57.5 MW solar park) and the Polish market (with the agreement to acquire a 277.3 MW RES portfolio), significantly accelerates the implementation of the Group’s new strategic growth plan for the period 2026-2030. The plan foresees the expansion of the Group through RES and storage projects in Hungary, Poland and Slovakia, both through organic growth and strategic acquisitions.
The transaction foresees the integration of two fully functional local teams with proven experience in the development of RES projects. The two platforms cover the entire value chain of development and management, which includes siting, land securing, licensing, grid connection management up to the “Ready-to-Build” stage, design and construction supervision, as well as operation, maintenance and financial monitoring.
The integration of these two platforms expands the Group’s operational capabilities to originate and develop projects in both countries, ensuring long-term organic growth.
The new portfolio is characterized by technological and geographical diversification (photovoltaic, wind, storage), comprising 99 MW of projects in operation or close to completion and over 2 GW of projects in various stages of development.
This agreement directly supports the Group’s regional targets. The agreement for the ABO Energy subsidiary in Poland is expected to close in September 2026 and for Hungary in the fourth quarter of 2026.
The completion of the transactions is subject to the fulfillment of customary pre-existing conditions for transactions of this type, including, among others, obtaining the necessary approvals from the relevant supervisory authorities.
PPC Group’s Deputy CEO for RES, Konstantinos Mavros, emphasized that “the agreement with ABO Energy represents a decisive qualitative leap for PPC Group in Central Europe. Not only are we acquiring an excellent portfolio of projects, but we are also welcoming two experienced and highly successful local teams in Poland and Hungary to our team. Combined with the recent agreements with EDP Renewables and Greenvolt, we are building a robust regional platform that will be the core of our international growth in Central Europe until 2030.”
Accelerating expansion in Central and South-Eastern Europe
To capitalize on significant opportunities across the region, the PPC Group is accelerating its growth, aiming to double its total installed capacity to 24.3 GW by 2030, from 12.4 GW in 2025. This will be achieved by significantly increasing new capacity to 2.4 GW per year, mainly in the areas of renewables, flexible generation and energy storage.
The expansion into Poland and Hungary represents the natural geographical development of the Group’s leading position in Greece and Romania, while a broad investment plan is also underway in other markets, 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 that encompasses all modern generation technologies (solar, wind, hydroelectric, natural gas) and energy storage, ensuring both geographical and technological diversification.
In an era where energy and technology have become critical factors for competitiveness, security and resilience, PPC Group becomes a benchmark for European market stability, investing in critical energy and technological infrastructure that protects the region and generates long-term value.