![ppc-kr99w](https://unicorn-s3.b-cdn.net/ppc-kr99w.jpeg)
Under this binding agreement, Intrakat Group will transfer 6 RES projects, both operational and in development, to PPC Renewables. These projects have a combined capacity of ~164 MW. Notable projects include the 15 MW wind park "Fragaki," the soon-to-be-operational 5 MW wind farm "Kastri," and the ongoing development of "Zigourolivado," "Timenio," "Kakodiavato," and "Karkaros," with a total capacity of 144 MW. This partnership will significantly enhance PPC Renewables' RES portfolio and strengthen its position in the renewable energy market.
With this collaboration, PPC Renewables will also acquire a 49% stake in holding companies owned by Intrakat Group. These holding companies possess a portfolio of projects under development, with a remarkable total capacity of 1.6 GW. This strategic move not only expands PPC Renewables' reach but also unlocks immense potential for innovation and growth in the renewable energy sector. By combining their expertise and resources, Intrakat and PPC Renewables are poised to make a significant impact on the global energy landscape.
The transaction between Intrakat and PPC Renewables represents an Enterprise Value of €100 million for PPC Renewables' percentage participation. However, the true value of this joint investment lies in its potential for full development, estimated to exceed a staggering €1 billion. This substantial investment underscores the commitment of both companies to drive the transition towards renewable energy and create a sustainable future for generations to come.
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The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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