Greek Public Power Corporation (PPC) announced that it has completed the acquisition of an 84 MW wind farm in Romania through its subsidiary PPC Renewables.
The company said that it had fulfilled the precedent conditions and bought the wind farm from the European subsidiaries of the Lukoil Group, and a 100% stake in Land Power. The wind park is located in the areas of Dorobantu and Topolog, which have the best wind conditions. It generates over 200 gigawatt-hours of electricity annually.
The transaction was realized through a competitive process, with international companies participating, during which PPC Renewables was selected as the preferred bidder.
