PPC Group and MYTILINEOS Energy & Metals announce that they have signed a cooperation framework agreement to develop and build a portfolio of solar projects of up to 2000 MW in Italy, Bulgaria, Croatia and Romania. The value of the transaction is estimated at up to 2 billion euros and is expected to be implemented in the next three years.
The agreement covers approximately 90 solar projects owned by MYTILINEOS in Italy (503 MW), Romania (516 MW), Bulgaria (500 MW) and Croatia (445 MW), which are in various stages of development. According to the agreement, MYTILINEOS will handle the development and construction of these projects, which will then be acquired by PPC Group after the completion of their connection to those countries’ electricity grid.
The agreement is an important milestone for the energy transition, with the green energy projects developed under the contract to provide power for 320,000 households and displace 3.4 million tonnes of CO2 emissions, says a press release.
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