The Company
PPC Renewables SA (PPCR), is a wholly-owned subsidiary of the Public Power Corporation SA, Greece’s largest power generation company. In 2006, PPCR inherited all Renewable Energy Source (RES) related activities (wind, small hydroelectric, solar and geothermal) from PPC, including all its technological innovation, know-how and expertise in the field of power generation. The company owns 20 Wind Farms, 17 Small Hydro and 28 Photovoltaic Power Plants with a total installed capacity of 153 MW.
The company is involved in all RES-related projects, currently realizing an ambitious expansion plan with new and repowering wind projects as well as in Geothermal and Biomass and hybrid power plants pipeline. PPC Renewables generates electricity with no adverse impact on the environment with an overall pipeline of projects in different stages of development amounting more than 330MW.
The company encompasses a huge know-how on the field of renewables with experience in demo projects dating back to the early 80s, when the Department of Alternative Energy Forms was founded by the parent company PPC. The department was responsible for tracking, recording and studying the country's wind, solar and geothermal potential as well as other alternative sources for the production of electric power, for experimental or commercial utilization, and their integration into the PPC energy production plan. The invaluable expertise and experience gained was to be utilized a few years later both in the shaping of national policy regarding RES and in the development of the sector by private investors. For a brief period until the early 90s, PPC's interest in RES appeared confined to the islands, where the cost of running conventional power plants was exceedingly high. However, following the reform of the legislative framework and improvement of incentives, the conditions for RES changed dramatically. Over the last decade, the aforementioned know-how was carried over to PPCR and the company was able to move at a rapid pace via flexible actions and compete directly with private producers. Consequently, the new company was able to collaborate with private contractors and producers to carry out projects, and was eligible for investment subsidies. Currently, PPCR employs 75 members of staff comprising a mixture of experienced personnel and highly skilled new engineers and scientist.
PPC Renewables is environmentally friendly and fully aligned with ecological standards. Its actions have minimal impact on the natural environment and the company fulfils all legal and ethical obligations for its protection and preservation. At the same time, through its optimal exploitation of Renewable Energy Sources, the company creates today a cleaner and safer environment for tomorrow. Indicatively, the company generated revenues of the order of 22.5 m€ in 2016 (11.8m€ from wind, 9.06 m€ from small hydro and 0.6 m€ from PV power plants). Simultaneously, the company contributes to the country’s economic growth through projects that improve the quality of life of local communities, all over Greece. Some of these endeavors, such as the Ikaria Hybrid Energy Project, place the company and the country at the forefront of innovation at a European level. PPC/PPCR has carried out over the past decades several research and innovation projects including the first PV power plant in Kythnos island, (100 kW, 1982) and the first European wind farm also in the same island (100 kW, 1983), as well as Commercial projects, funding from HORS QUOTA, Integrated Mediterranean Programmes & VALOREN for wind farms of 25 MW in the Aegean island, Euboea and Crete (1986-9). The company was also the first to install demo hybrid projects and currently has undertaken a pumped storage and wind hybrid power plan in the island of Ikaria (85% completion rate) which is among the first of its kind at a European level. The company is strongly involved in monitoring and employing new technologies, legislative framework and energy market transformation towards achieving national and EU set policies
