The European Bank for Reconstruction and Development (EBRD) is providing a €175 million loan to Public Power Corporation (PPC) to support renewable energy development across Bulgaria, Greece, and Romania. The financing will help develop approximately 400 MW of new wind and solar capacity across the three countries. The financing is backed by the EU-supported InvestEU. The InvestEU programme will help provide a first loss guarantee and risk sharing arrangement backed by the European Union, terms that are not readily available elsewhere in the market.
Furthermore, the projects are expected to generate around 760 GWh of clean electricity annually. The initiative also includes a €75,000 grant under InvestEU’s social investment and skills mandate to support workforce skills development. Further, PPC in partnership with the European Battery Academy will set up an accredited training programme focused on battery energy storage systems.
In April 2026, EBRD agreed to provide a €70 million loan to Renalfa IPP to support energy projects in Hungary. The funding is part of the €210 million package for the development, construction and operation of the 450 MW solar PV portfolio with 250 MW/1,000 MWh battery energy storage systems (BESS) located in Northeastern Hungary.
REGlobal’s Views: PPC is one of the leading utilities in South Eastern Europe, and is expanding its operations in not just its primary markets of Greece, North Macedonia and Romania, but also focusing on scaling up renewable energy in Bulgaria, Croatia and Italy. This latest debt deal builds on EBRD’s long-standing partnership with PPC in Greece. Meanwhile, EBRD is a major investor in all three countries – Bulgaria, Greece and Romania.