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MYTILINEOS will spearhead the development of ~90 solar projects across Italy, Romania, Bulgaria, and Croatia. These projects are set to transition to PPC Group’s ownership upon their completion and grid connection within the next three years.
🎯 With the agreement, PPC is actively progressing on its strategic objectives:
🚀 Strengthen footprint in Romania.
🌐 Venture into new, high-growth markets in Italy, Croatia, and Bulgaria
🔗 PPC's strategy in the SEE region is to forge an interconnected energy corridor, enhancing energy trades between Greece, Bulgaria, Romania, Italy, and Croatia.
💡 The company aims to tap into the wholesale power prices differential observed in these markets. Romania and Bulgaria feature average wholesale power prices at €104/MWh, while Greece and Italy are slightly higher at €119/MWh and €127/MWh, respectively.
📈 This strategy follows PPC’s acquisition of Enel Group’s Romanian operations for €1.9bn in Oct’23, which includes power distribution, supply, renewable energy management by Enel Green Power Romania, and advanced energy services.
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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