PPC Group and MYTILINEOS Energy & Metals have entered into a Strategic Cooperation Agreement for the development of a solar portfolio totaling up to 2,000 MW in Italy, Bulgaria, Croatia, and Romania. This landmark agreement involves approximately 90 solar projects in various stages of development, with a comprehensive three-year implementation plan. The agreement stipulates that MYTILINEOS will oversee the development and construction of the projects, which will then be acquired by PPC Group upon completion and connection to the electrical grid in the respective countries.
The partnership between PPC Group and MYTILINEOS signifies a significant step towards expanding clean energy initiatives in Southeast Europe. PPC Group aims to establish itself as a major player in the clean energy sector, essential infrastructure, and services in the region. Through this agreement, MYTILINEOS is accelerating the growth of its Renewable Energy Sources Sector (RES) on an international scale, reinforcing its commitment to sustainable energy solutions. The collaboration also aligns with MYTILINEOS’ Asset Rotation Plan, further driving the energy transition in Europe.
The agreement between PPC Group and MYTILINEOS reflects the continued growth of both companies in the renewable energy sector. PPC Group is strategically expanding its presence in Southeast Europe, with plans to acquire RES projects in Italy, Bulgaria, and Croatia to complement its existing portfolio in Romania. By leveraging the energy corridor linking these countries, PPC Group aims to capitalize on diverse meteorological conditions for optimum renewable energy production.
MYTILINEOS, on the other hand, is reinforcing its position in the global market through strategic collaborations and project developments. With a significant presence in multiple countries and a robust track record in executing complex RES projects, MYTILINEOS is demonstrating its capabilities in advancing the energy transition. The agreement with PPC Group adds to MYTILINEOS’ growing international portfolio, contributing to its ambitious target of 10,500 MW of installed capacity.
Both companies have expressed confidence in the successful implementation of the agreement, emphasizing the synergies between their expertise and shared commitment to sustainable energy solutions. The partnership between PPC Group and MYTILINEOS underscores the potential for Greek companies to drive innovation and leadership in the energy sector on a global scale.
For more information on PPC Group and MYTILINEOS Energy & Metals, please visit their respective websites.
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