PPC Group has completed a major expansion of solar energy capacity in northern Greece, converting former lignite mining areas in Amyntaio and Ptolemaida into one of the country’s largest renewable energy hubs.
The newly finished solar portfolio has a total installed capacity of 2,130 MW and is expected to generate approximately 3,150 GWh of electricity annually. This represents nearly 6% of Greece’s total electricity consumption and is sufficient to supply around 750,000 households. The project is also projected to reduce carbon dioxide emissions by more than 1.5 million tons each year, marking a significant environmental milestone.
Alongside solar development, PPC is strengthening its energy storage infrastructure to support the integration of renewable energy into the grid. Through its subsidiary PPC Renewables, the company has already completed two battery energy storage systems in Ptolemaida and Meliti, while a third system is under construction in Amyntaio. In addition, PPC has secured approvals for two pump-storage projects planned in Kardia and South Field.
Key assets within the solar portfolio include the 550 MW Phoebe solar plant near Pontokomi, expected to produce around 880 GWh annually, and the 940 MW Amyntaio solar complex, developed in cooperation with RWE across multiple sites such as Rodonas, Filotas, Lakkia, and Perdikkas. The Amyntaio complex alone is projected to generate approximately 1,500 GWh per year. Other completed projects include the 200 MW Helios Velos 1 plant near Ptolemaida, as well as the 80 MW Exochi 7 and 80 MW Akrini solar plants, along with ten smaller installations on former lignite land.
PPC emphasizes that large-scale storage systems are essential for managing this growing renewable capacity. Battery and hydro storage solutions allow surplus electricity to be stored when production exceeds demand and released when needed, helping to stabilize the power system. The existing battery facilities in Western Macedonia have a combined capacity of 98 MW and 196 MWh, while the new project near Amyntaio will add 50 MW and 200 MWh, with the ability to supply power for up to four hours.
In parallel with its energy investments, PPC is advancing a local participation initiative tied to the Western Macedonia transition plan. As part of commitments announced in April 2025, the company launched a €5 million bond issue on 13 March, targeting residents of Kozani and Florina. The bonds allow local communities to invest directly in the region’s energy transition. Subscriptions are open until 17 April, with each bond valued at €100, allowing participation from five up to 250 bonds. PPC states that the instrument offers an annual return of 8% and a total capital growth of 40% before tax over five years, aiming to engage local stakeholders in the region’s economic transformation.
