Public Power Corporation S.A. (PPC) has agreed to acquire a 277.3 MW portfolio of wind and solar assets in Poland from subsidiaries of Portugal’s EDP Renewables SA (ELI), marking the company’s entry into the Polish renewable energy market as part of its broader regional growth strategy.
The company announced on Friday that it had signed an agreement with EDPR’s Polish entities to acquire 130.5 MW of operational wind farms, 44.9 MW of operating solar plants, and 101.9 MW of solar projects currently under development, which are expected to become operational in 2029.
The operating wind portfolio comprises the 54-MW Ilza, 46.5-MW Tomaszow, and 30-MW Poturzyn wind farms. The solar portfolio includes facilities located in Pakoslaw and Recz, with installed capacities of 25.1 MW and 19.8 MW, respectively.
The development pipeline includes the 50.9-MW Ilza CP and 51.0-MW Tomaszow CP solar projects. These projects will utilize cable pooling technology, enabling them to share existing grid connection infrastructure with nearby wind farms.
According to PPC, the acquisition supports its 2026–2030 strategic plan, which involves investments of EUR 24 billion (USD 27.7 billion) aimed at nearly doubling the group’s installed generation capacity to 24.3 GW by 2030, compared with 12.4 GW in 2025.
“Under our new strategic plan through 2030, we are targeting high-potential markets such as Hungary, Poland and Slovakia, with the objective of developing 2.2 GW of renewable energy and storage projects. By acquiring this highly balanced 277.3 MW portfolio, we are integrating valuable assets into our portfolio while further expanding our geographical footprint,” said Konstantinos Mavros, PPC Group Deputy CEO for Renewables.
The acquisition is subject to customary closing conditions, including the receipt of required regulatory approvals.
The transaction follows PPC’s recent announcement of its expansion into the Hungarian market and further strengthens its presence beyond its existing operations in Greece, Romania, Italy, Bulgaria, and Croatia. By 2030, the company expects 45% of its installed generation capacity to be located outside Greece.
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