PPC to take over Europe’s biggest onshore wind farm in Romania

PPC to take over Europe’s biggest onshore wind farm in Romania

Europe’s largest onshore wind farm is located in Fântânele-Cogealac, eastern Romania. / bne IntelliNews

By Iulian Ernst in Bucharest October 29, 2024

Greek utility company Public Power Corporation (PPC) has received approval from Romania's Competition Council to acquire the five companies operating Europe’s largest onshore wind farm, located in Fântânele-Cogealac, eastern Romania.

With this acquisition, PPC’s production capacity in Romania will increase from its current 677 MW, solidifying its position in renewable energy. The companies being acquired are part of Romania’s green certificate support scheme, further enhancing PPC’s renewable portfolio.

The companies — Felix Renewable Holdings, Tomis Team, Ovidiu Development, MW Team Invest and TMK Hydorenergy Power — together contribute around 629 MW of renewable energy capacity to the region.

After analysing the transaction, the Competition Council determined that the acquisition does not significantly impact competition in Romania. The decision noted the transaction's alignment with a competitive market environment.

PPC, Greece's leading electricity producer and supplier, has been expanding in Southeast Europe, including Romania, previously through the purchase of Enel’s Romanian assets, as well as North Macedonia.

#romania #ppc #renewables

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Nationalist Simion, reformist Lasconi compete for a spot in Romanian presidential runoff

Alibaba's Trendyol opens regional logistics hub in Romania

Romgaz lists €500mn bond on Bucharest Stock Exchange

Nationalist Simion, reformist Lasconi compete for a spot in Romanian presidential runoff

Alibaba's Trendyol opens regional logistics hub in Romania

Romgaz lists €500mn bond on Bucharest Stock Exchange

bneGREEN

Croatia’s Mezzanine Partner launches €100mn "dark green" energy fund

Fund to support renewable energy projects across the region, with a focus on solar and wind energy.

As COP29 winds down, a new analysis says China’s cumulatiuve emissions now worse than EU's

As COP29 nears an end, a new report reveals that China’s cumulative emissions within its borders have surpassed those of the European Union’s 27 member states.

Southeast Asia expands pumped hydro to boost energy storage

As Southeast Asia rapidly transitions toward renewable energy, countries across the region are investing heavily in pumped hydro energy storage (PHES) to enhance grid stability and support sustainable growth

Carbon Brief releases sixth version of extreme weather event interactive map

As the planet warms and the Climate Crisis accelerates faster than scientists predicted, extreme weather events from floods to fires have turned into an annual disaster season that is only going to get worse.

Central European countries least likely in the EU to prioritise climate change

Stark contrast with Southern Europe, where around half of respondents from Bulgaria, Romania and other countries fear they will have to relocate to escape climate crisis, EIB survey shows.

Croatia’s Mezzanine Partner launches €100mn "dark green" energy fund

As COP29 winds down, a new analysis says China’s cumulatiuve emissions now worse than EU's

Southeast Asia expands pumped hydro to boost energy storage

Carbon Brief releases sixth version of extreme weather event interactive map

Central European countries least likely in the EU to prioritise climate change

Dismiss

Chat with usLiveChat