CVC Capital Partners IX agrees to invest in Public Power Corporation

CVC Capital Partners is pleased to announce CVC Capital Partners IX (“Fund IX”) has agreed to invest in Public Power Corporation S.A. (“PPC”), Greece’s largest renewables-focused and vertically-integrated utility, which is listed on the Euronext Athens Stock Exchange. Fund IX is participating as the sole cornerstone investor alongside the Greek State in PPC’s €4.25bn Share Capital Increase.

PPC operates across electricity generation and distribution, alongside the sale of energy products and services in Greece and Romania, while continuing to expand its renewable energy presence in Italy, Bulgaria and Croatia. The Group has a total installed capacity of 12.4GW,  including 7.2GW in renewables (“RES”). PPC is also the sole distribution network operator in Greece and second largest in Romania with a combined regulated asset base of  €5.7bn. The Group serves ~8.6m retail customers across Greece and Romania. 

PPC is evolving into a leading clean power-tech and critical infrastructure operator in Central & South East Europe through an announced ~€24bn 5-year investment plan. This plan includes doubling installed capacity to 24.3 GW by 2030 mainly through RES and flexible generation, expanding and modernizing its electricity distribution networks, and providing data centre infrastructure with a 300MW facility by 2028.