PPC Group's entry into the Italian market of renewable energy sources marks the launch of the operation of two new photovoltaic plants with a total installed capacity of 32 MW.

Committed to the vision of further strengthening its leading role in the energy transition taking place in South-Eastern Europe, PPC Group strengthens its green portfolio with the addition of the Carcarello and Luxenia plants in central Italy with an installed capacity of 20 MW and 12 MW, respectively.

Over 55,000 double-sided photovoltaic panels were used for the construction of the new photovoltaic plants, which will be completed within the next few days. The estimated annual energy production of the two plants is expected to exceed 60 GWh, an amount sufficient to meet the energy needs of almost 15,000 households. The operation of the two parks will prevent the emission of about 37,200 metric tons of CO2.

Deputy Managing Director of PPC Group's RES, Mr. Konstantinos Mavros, said: "PPC Group's entry into the Italian energy market demonstrates in the most emphatic way the Group's strategy to be a dominant energy pillar in the wider Southeastern European region. The two photovoltaic plants that are starting operation are just the beginning. The company's strategic plan foresees continuous project deliveries until 2027. We are continuously strengthening our green portfolio, with geographic and technological diversification, to maximize the benefits of the green transition and the interconnected energy market."

The two new photovolplants areants, part of a broader agreement with Metlen EnergyMetalsls, for renewable energy projects in four countries in SSoutheastEurope.