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wind power ">RES investment interest now focused on wind power </a> </div> </div> </div> <div id="primary" class="content-area-single"> <main id="main" class="single-main" role="main"> <article id="post-45564" class="post-45564 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-flexibility tag-hydropower tag-ppc tag-pumped-storage-hydroelectricity tag-renewables-2 tag-romania"> <header class="entry-header"> <h1 class="entry-title">PPC pursuing projects offering flexibility to offset RES risk</h1>   </header> <div class="entry-content"> <p>Power utility PPC, whose RES portfolio is growing rapidly, is taking steps to ensure flexibility in electricity generation, which will help mitigate the risks carried by the group’s substantial renewable energy portfolio.</p> <p>The energy group is moving ahead with the development of flexibility-related projects offering a total capacity of 1.8 GW. These include pumped-storage stations, battery installations, hydropower stations and two, or possibly three, small gas-fueled power stations, each with a capacity of 100 to 150 MW, in Romania.</p> <p>PPC’s swiftly expanding RES portfolio, expected to grow from 5.5 GW at present to approximately 12 GW by 2027 – more than compensating for the decline in lignite-based generation – along with a substantial 10 billion investment initiative in various projects offsetting RES risk, are unquestionably the two key pillars of the company’s new three-year strategic plan.</p> <p>The addition of 6.3 GW to PPC’s renewable energy capacity is projected to boost the energy group’s total production from 20 TWh per year to 24 TWh, significantly narrowing the gap between the energy it generates and the 33 TWh required to meet the needs of 8.8 million customers across Greece and Romania.</p> <p>This gap will be bridged using clean energy, which will also reduce PPC’s production costs as the company’s last lignite plant is set to close by the end of 2026.</p> <p>Additionally, this transition is expected to drive a significant decrease in CO2 emissions, from 9.7 million tons in 2023 to 3.9 million tons by 2027.</p> <p> </p> <p> </p> </div> <footer class="entry-footer"> </footer> </article> <div class="fb-tw-share"> <div class="share-single"> <div class="fb-share-button" data-type="button"></div> </div> <div class="tw-single"> <a href="https://twitter.com/share" class="twitter-share-button" data-via="energypresseu" data-related="energypress_gr" data-count="none">Tweet</a> <script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');</script> </div> </div> <div class="fb-single"> <div class="like-single"> <div class="fb-like" data-layout="button" data-action="like" data-show-faces="false" data-share="false"></div> </div> <div class="send-single"> <div class="fb-send" data-colorscheme="light"></div> </div> </div> </main> </div> <div id="secondary-singleads" class="sidebar-singleads" role="complementary">  <div class="a-single a-6"><script async='async' src='https://www.googletagservices.com/tag/js/gpt.js'></script> <script> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; </script> <script> googletag.cmd.push(function() { googletag.defineSlot('/11442637/EU_Renewables_300_250_right_1', [300, 250], 'div-gpt-ad-1518775488750-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script>  <div id='div-gpt-ad-1518775488750-0' style='height:250px; width:300px;'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1518775488750-0'); }); </script> </div></div> <div class="ads-clear"> </div>  <div class="a-single a-7"><script async='async' src='https://www.googletagservices.com/tag/js/gpt.js'></script> <script> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; </script> <script> googletag.cmd.push(function() { googletag.defineSlot('/11442637/EU_Renewables_300_250_right_2', [300, 250], 'div-gpt-ad-1518775519889-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script>  <div id='div-gpt-ad-1518775519889-0' style='height:250px; width:300px;'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1518775519889-0'); }); </script> </div></div> </div> </div> <footer id="colophon" class="site-footer" role="contentinfo"> <div class="back-to-top"> </div> <div class="footer-info"> <div class="footer-logo"> <a href="https://energypress.eu/" rel="home"><img width="275" height="53" src="https://energypress.eu/wp-content/uploads/2014/06/logo-white.png" class="attachment-full size-full" alt="" decoding="async" loading="lazy" /></a> </div> <div class="footer-right"> <div class="footer-links"> <a href="https://energypress.eu/editing-team/">The editing team</a> | <a href="https://energypress.eu/contact/">Contact us</a> </div> <div class="footer-search"> <form class="search-form" action="https://energypress.eu/" method="get" role="search"> <input class="search-field" type="search" title="Search for:" name="s" value="" placeholder="Search …"> <input class="search-submit" type="submit" value="Search"> </form> </div> </div> </div> <div class="site-info"> <div class="copyright">© 2014 ENERGYPRESS. 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