Greece's PPC buys 84 MW Romanian wind farm from Lukoil

The wind farm is located in the Dorobantu and Topolog communes, in the southeastern county of Tulcea, the region with the best wind conditions in the country, and generates more than 200GWh yearly, PPC said in a press release.

"The transaction was realised through a competitive process, with international companies participating, during which PPC Renewables was selected as the preferred bidder," the company noted in the statement.

PPC first announced the takeover in mid-2023, but the deal, whose value was not disclosed, underwent a probe by Romania's antitrust body before being finalised.

Last year, PPC bought the Romanian unit of Italian utility Enel in a 1.24 billion euro ($1.35 billion) deal.

($=0.9211 euro)