The Public Power Corporation (PPC) and the Intrakat Group have announced a significant agreement in the Renewable Energy sector marking a strategic partnership in the field.
PPC Renewables, specifically, has entered into a binding Framework Cooperation Agreement with Intrakat for the joint development of a Renewable Energy Portfolio (RE) with a total capacity of up to 2.7 GW.
According to the agreement, the Intrakat Group is set to transfer six operational and under-development RE projects to DEI Renewables, totaling approximately 164 MW.
PPC Renewables Becomes a Shareholder in Intrakat Affiliated Companies
Concurrently, PPC Renewables is expected to acquire a 49% ownership stake in holding companies of the Intrakat Group, which owns a portfolio of projects under development, totaling approximately 1.6 GW. The agreement allows for potential expansions under certain conditions. The transaction for PPC Renewables’ participation amounts to an Enterprise Value (EV) of €100 million while the aggregate value of the joint investment in its potential full development is estimated to exceed €1 billion.
The Chief Executive Officer of PPC Renewables, Konstantinos Mavros, stated: “PPC Renewables believes in the right partnerships that add value and bring benefits to all parties. Today, we are adding six significant Renewable Energy projects to our already rich portfolio, which fully align with our strategic planning.”
On his part, the Vice Chairman of the Board and CEO of Intrakat, Alexandros Exarchou, stated: “The initiation of this strategic alliance with PPC Renewables accelerates our ambitious plan for the development of Renewable Energy projects in Greece and will significantly contribute to the country’s energy transition – an extremely timely issue due to climate change.”
The finalization of the definitive purchase agreements and shareholder agreements is expected no later than the end of February 2024.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
