- In Italy, Bulgaria, Croatia, and Romania
- Covers of approximately 90 projects at various stages of development, with a clear implementation plan over three years
- Framework agreement for the development and construction by MYTILINEOS Energy & Metals and acquisition by PPC Group upon completion of construction of each project
- As PPC Group grows, it dynamically enters new countries and becomes a leading player in clean energy, critical infrastructure and services in Southeastern Europe
- The international growth of MYTILINEOS' Renewable Energy Sources (RES) Sector is accelerating, including - through the Asset Rotation Plan - landmark agreements for delivering Europe's energy transition
ATHENS, Greece, April 11, 2024 /PRNewswire/ -- PPC Group and MYTILINEOS Energy & Metals announce that they have signed a Cooperation Framework Agreement (CFA) for the development and construction of a portfolio of solar projects up to 2000MW in Italy, Bulgaria, Croatia and Romania. The value of the deal is estimated at up to €2 billion and is expected to be implemented over the next three years.
Specifically, the agreement refers to approximately 90 solar projects owned by MYTILINEOS in Italy (503 MW), Romania (516 MW), Bulgaria (500 MW) and Croatia (445 MW) which are at various stages of development. Under the agreement MYTILINEOS will undertake the development and construction of these projects, which will then be acquired by PPC Group upon completion of their connection to the electricity grid of the aforementioned countries.
MYTILINEOS' track record in implementing complex RES projects internationally has been a catalyst for PPC's confidence in the cooperation of the parties and serves as a guarantee for the successful implementation of the agreement.
The framework agreement between ...