Μake us preferred on Google Public Power Corp. (PPC), Greece’s leading power utility, has agreed to acquire the Polish and Hungarian subsidiaries of Germany’s ABO Energy, adding a renewable energy portfolio exceeding 2 gigawatts (GW) as it accelerates, according to a press release, an expansion across central and southeast Europe.
The transaction includes the acquisition of ABO Energy Polska and ABO Energy Hungary, together with 29 special purpose vehicles (SPVs) holding 99 megawatts (MW) of solar projects either operating or nearing completion, along with more than 2 GW of solar, wind and battery storage projects at various stages of development.
PPC said the agreement also brings two established local development platforms and their experienced teams into the group, strengthening its ability to originate, permit, build and operate renewable energy projects in both countries.
The deal follows PPC’s recent entry into the Hungarian market through the acquisition of a 57.5-MW solar park and its expansion in Poland through the purchase of a 277.3-MW renewables portfolio. Together, the transactions form part of the company’s 2026-2030 strategic plan, which calls for further growth in Poland, Hungary and Slovakia through a combination of acquisitions and organic development.
The acquisition is expected to close in stages, with the Polish transaction anticipated in September and the Hungarian deal during the fourth quarter of 2026, subject to customary regulatory approvals.
Konstantinos Mavros, PPC Group’s deputy chief executive for renewables, described the agreement as “a major qualitative leap” for the company in Central Europe, saying it combines a sizeable project pipeline with experienced local development teams. He said the acquisition, together with recent agreements involving EDP Renewables and Greenvolt, will form the core of PPC’s international renewables platform in the region through 2030.
Under its long-term strategy, PPC aims to nearly double its installed generation capacity to 24.3 GW by 2030 from 12.4 GW in 2025. The plan calls for average annual additions of 2.4 GW, primarily from renewable energy, flexible generation and energy storage. By the end of the decade, the company expects 45% of its installed capacity to be located outside Greece.
The latest acquisition continues a year of rapid international expansion for PPC. Over the past year, reports have cited the group’s strategy of transforming itself from Greece’s dominant electricity provider into a regional clean energy and infrastructure company. Reports have highlighted PPC’s investments in renewable energy assets across southeastern Europe, its entry into new markets including Hungary, and its growing emphasis on battery storage and cross-border electricity generation as part of its broader decarbonization strategy.
PPC is increasingly positioning itself as a regional energy player by combining acquisitions with greenfield investments while continuing to modernize its domestic generation portfolio.
The company has simultaneously accelerated the retirement of lignite-fired power plants, expanded its renewable energy capacity and pursued investments in electricity distribution, digital infrastructure and energy storage, reflecting its strategy to diversify geographically and technologically while supporting Europe’s energy transition.
