PPC Group, Pioneering European Utility, Unveils €9 Billion Plan for Dominant Role in Renewables by 2026

In a recent Capital Markets Day presentation in London, PPC Group, the prominent South East European electric utility, outlined an ambitious Strategic Plan for the 2024-2026 period. Focused on advancing as a key player in clean energy and critical infrastructure in Southeast Europe, the plan underscores robust financial growth, customer-centric initiatives, and profitable investments.

The Group aims to elevate its installed capacity by 18% annually, emphasizing the discontinuation of all lignite units by 2026. Notably, PPC aspires to transition more than two-thirds of its total installed capacity to Renewable Energy Sources (RES) by 2026, up from the current 43%, with a target of achieving 8.9 GW of RES installed capacity. The strategic investment plan allocates €9 billion over the next three years, primarily directed towards RES, network modernization, and new ventures.

Expanding its footprint across Southeast Europe, PPC Group seeks to capitalize on cross-border value creation through an emerging energy corridor. Venturing into new markets, such as fiber optic networks and e-mobility, adds a diversified dimension to their portfolio.

Environmental sustainability is a core commitment, with plans to reduce CO2 emissions significantly and achieve Net Zero by 2040. The financial outlook is robust, with an annual EBITDA increase of 15% projected for the next three years, aiming for €2.3 billion in 2026 and an ambitious target of €3 billion by 2030. Despite substantial investments, the Net Debt/EBITDA ratio is anticipated to remain below the management-set threshold.

Remarkably, after nearly a decade, PPC Group plans to reinstate its dividend policy, with annual distributions starting at 35% of net profits and increasing up to 55%. The Chairman and CEO, Mr. Georgios Stassis, affirmed that the envisioned PPC Group is set to be international, robust, and customer-centric, strategically positioned for sustainable growth in the evolving energy landscape of Southeast Europe.