PPC keeps “getting greener”, with the aim of becoming an integrated player in the wider region, according to the CEO of PPC Renewables. There is an urgent need to grow and invest in networks and interconnections, as well as to develop storage projects, according to PPC Renewables CEO Konstantinos Mavros. Speaking from the podium of the 9th Delphi Economic Forum, Mavros said, "We are already a big player and we want to become an integrated player in the region."
During the discussion, which was moderated by Antonis Fourlis, journalist for HUFFPOST GREECE and ANT1 TV, Mr Mavros described Greece as a local superpower in the energy sector, noting that the country can become an exporter by the year 2030. He emphasised that the cheapest kWh is the green kWh and that as long as you are producing cheaper energy, the prices in the whole production chain will go down. "PPC is a company that keeps ‘getting greener’", said Mavros.
He explained that it has 4.6GW of installed renewable energy projects in Greece and Romania to begin with, to which it adds 2.8GW under construction or ready to be built. This is two-thirds of the target it has set for the three-year period. Secondly, it is reducing its lignite-based generation, which accounted for only 22% last year, by increasing the share of green energy in its energy mix. As a result, Scope 1 CO2 emissions will be reduced by 24%, from 14.8 million metric tons to 9.7 million metric tons of carbon dioxide in 2022, from what was once one of the EU's dirtiest utilities.
According to Mavros, PPC Group's strategy is to expand into south-eastern Europe and capitalise on the opportunities to create value between countries through the emerging energy corridor. The PPC Group aims to exploit the different meteorological conditions in each region by operating in different geographical regions and having an expanded and complementary renewable portfolio.
The PPC Group's target is to have a total installed renewable energy capacity of 8.9 GW by 2026. PPC is the leading energy company in Southeastern Europe with activities in the generation, distribution and operation of electricity grids and the sale of advanced energy products and services in Greece, Romania and North Macedonia.
Its generation capacity amounts to 10.7 GW, with thermal, hydropower and renewable energy plants with a total annual energy production of more than 20 TWh, while the total regulated assets in the distribution networks amount to about € 4.3 billion. PPC is the largest electricity supplier in Greece and Romania, with 8.7 million customers, to whom it supplies more than 35 TWh of energy and a wide range of energy products and services. Speaking about the triptych of energy transition, Mavros pointed to carbonisation, decentralised renewable generation and digitalisation, adding that what is needed is the will and political direction, which are there
