PPC Group to acquire renewable energy portfolio in Romania from Macquarie for €700m.

PPC Group, a clean energy company, agreed to acquire renewable energy portfolio in Romania from Macquarie, an investment banking and financial services group, for €700m ($766m). "The acquisition further strengthens PPC Group’s growth strategy in Romania and Southeast Europe, with the addition of a significant renewables operating portfolio, including 600MW onshore wind, 22MW hydro, 6MW BESS, 1MW solar PV installed capacity, and about 145MW pipeline assets. Upon completion of the agreement, PPC’s RES portfolio in operation in Romania will double and total RES of PPC Group in operation will reach 5.3GW," PPC.