Greece’s PPC Group has announced a bold investment of over €10 billion by 2027, primarily targeting green energy, network modernization, and technological innovation. The company plans to develop 6.3 GW of renewable energy capacity across Greece and Southeastern Europe, aiming for a total installed renewable capacity of 11.8 GW by 2027.
In line with its sustainability strategy, PPC is set to phase out oil-fired power plants by 2026 and drastically cut direct CO₂ emissions by 80% compared to 2019 levels. This transition underscores PPC’s commitment to decarbonization and its role in shaping the region’s clean energy future.
ESG Leadership and Recognition
PPC, which has been publicly listed on the Athens Stock Exchange (ATHEX) since 2001, has significantly improved its ESG Transparency Score within the ATHEX ESG Index, securing an impressive 91% rating. This rating reflects the company’s robust environmental, social, and governance (ESG) policies and its commitment to transparent corporate sustainability practices.
The ESG assessment includes an extensive analysis of 52 indicators and 86 sector-specific data points, evaluating aspects such as external verification of ESG disclosures, internal control mechanisms, and sustainability policies. PPC’s publication of a Sustainability Report has also been recognized as a key factor in its high rating, demonstrating its commitment to responsible business practices and stakeholder engagement.
PPC’s Market Position and Expansion
As the leading utility provider in Southeastern Europe, PPC operates across electricity generation, distribution, and advanced energy services in Greece, Romania, and North Macedonia. It is the largest power supplier in Greece and Romania, serving 8.8 million customers and delivering approximately 33 TWh of energy annually.
PPC currently holds a total generation capacity of 10.8 GW, including thermal, hydro, and renewable energy sources. With 4.7 GW of installed renewable capacity and an additional 2.8 GW under construction or ready-to-build, the company boasts a 20 GW pipeline of green energy projects, positioning it as the largest clean energy producer in Southeastern Europe.
Strategic Investments in Energy Distribution
PPC holds a 51% stake in the Hellenic Electricity Distribution Network Operator S.A., the sole electricity distribution network owner in Greece, managing over 249,000 km of infrastructure. In Romania, PPC operates the distribution network in three key regions, including Bucharest, covering one-third of the country and servicing over 3.1 million customers through 134,000 km of network.
As part of its regional expansion strategy, PPC acquired Enel Romania from the Italian Enel Group for €1.24 billion on October 25, 2023, further solidifying its market position and enhancing its distribution capabilities.
With its ambitious €10 billion investment plan, PPC is accelerating the transition to a cleaner, more sustainable energy future. The company’s leadership in renewable energy, ESG excellence, and strategic expansion underscores its commitment to innovation and decarbonization, reinforcing its role as a key player in Europe’s evolving energy landscape.
PPC Group at a Glance
Year founded: 1950 Headquarters: Athens, Greece EBITDA: €1.8 billion (2024)
