ATHENS - Global law firm Reed Smith today announced that it has advised PPC Renewables S.A., the renewables arm of Public Power Corporation S.A., Greece’s largest power producer and supplier, on its successful bid for the acquisition of a portfolio of renewable energy assets from Piraeus Equity Partners.

The portfolio comprises two operating wind parks with a total installed capacity of 44 MW located in Peloponnese, a 2 MWp operating PV park located in Trikala –Thessaly, and a 38 MW wind projects portfolio developed in various locations close to the sites of the operating wind parks.

The completion of the transaction is expected to take place in early 2023.

The Reed Smith team that advised PPC Renewables S.A. was led by Athens corporate partner Dimitris Assimakis, supported by counsel Minas Kitsilis, senior associate Konstantinos Roppas and associate Georgia Koui.

Assimakis said: “We are very pleased to have advised PPC Group on another significant transaction for the implementation of its sustainable development policy and its strategic objective to become the driving force in the energy transition of Greece. A great achievement for PPC Group which successfully closed this transaction after a highly competitive process.”