PPC Group reaches an agreement to acquire the renewable energy portfolio of the Evryo Group

Since its commissioning in 2012, the Evryo Wind Farm is the largest operational onshore wind farm in Romania, located in the Dobrogea region, in the communes of Fântânele – Cogealac – Grădina, with a total installed capacity of 600 MW. It consists of 240 wind turbines 100 meters high, with an individual power of 2.5 MW, an individual height of 100m and a rotor diameter of approximately 100 meters. Operational excellence has been a priority for the team operating the Evryo Wind Farm, which has led to the development and implementation of a series of optimization and innovation projects, including improved efficiency through Vortex generators and energy storage capacity. In 2021, the operations team obtained an international invention patent for a unique blade alignment measurement and adjustment system, thus optimizing production capacity. The hydropower system operated by TMK Hydroenergy Power, part of the Evryo Group, includes 4 hydropower plants (Grebla, Crăinicel 1, Crăinicel 2 and Breazova) and their associated hydro facilities, with a total installed capacity of approximately 22 MW, following the extensive process of rehabilitation completed in 2013. The same orientation towards innovation governed the operations in hydro assets so that, at the beginning of 2024, the first Floating Photovoltaic Power Plant in the country was put into operation on Lake Grebla. The installed capacity of the system is 1,000 kW and its main purpose is to reduce greenhouse gas emissions and partially offset internal consumption within the hydro facility. The estimated annual emission reduction is over 333 tons of CO2. Following the completion of this transaction, Evryo will continue to focus on the regulated distribution business in its portfolio, Distribuție Energie Oltenia, with a clear objective to facilitate the energy transition in the best interest of its 1.4 million customers in the South West Romania. This transaction is subject to standard regulatory approvals and is expected to close financially by the end of 2024. Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised PPC Group in its agreement with Evryo Group, owned by Macquarie Asset Management, to acquire their renewable energy portfolio in Romania, including 629MW RES in operation and about 145MW in pipeline assets.