# PPC Group European renewable expansion > Live situation record from CLSTR: https://clstr.news/situations/ppc-group-european-renewable-expansion > Updated: 2026-08-03T06:48:04.000Z. Sources: 20. Developments: 2. In late July 2026, Greek utility PPC Group, through its subsidiary PPC Renewables, bought a 57.5 MW photovoltaic plant near Királyegyházá in southern Hungary from Greenvolt. The transaction also gave PPC an option to acquire a neighbouring 49 MW, four‑hour battery storage project. The solar facility, operating under a 25‑year fixed‑price contract, marked PPC’s first renewable‑energy asset in Hungary and fit its 2026‑2030 plan to double generation capacity across Central and South‑East Europe. A week later, PPC reported its first‑half 2026 financial results, posting €1.2 bn adjusted EBITDA and €0.4 bn net profit. Renewable capacity rose to 7.3 GW, 58 % of the group’s total, with new storage stations, hybrid PV‑storage projects, and solar parks in Italy, Romania and Bulgaria. The earnings release referenced the Hungarian acquisition and listed further deals – wind farms in Greece, a 51 % stake in developer MORE, and a Polish wind‑solar portfolio – illustrating a coordinated strategy to build a regional clean‑energy platform. Together, the snapshots trace PPC’s move from a single Hungarian acquisition to a broader operational and financial update that confirms the deal as part of a wider European renewable‑generation and storage expansion. ## Timeline ### 2026-08-03: DEI reports €1.2 bn EBITDA and 58% renewable capacity in H1 2026 DEI posted €1.2 bn adjusted EBITDA, €0.4 bn net profit and €1.4 bn investments, raising renewable capacity to 7.3 GW (58% of total) and announced several Central/Eastern European acquisitions. 16 sources. https://clstr.news/cluster/greek-power-group-ppc-posts-12-bn-ebitda-in-h1-2026 ### 2026-07-27: PPC Group acquires 57.5 MW Hungarian solar plant and secures battery option PPC Group bought a 57.5 MW Hungarian solar plant and secured an option for a 49 MW battery, marking its first renewable investment in Hungary as part of a €24 billion growth plan. 4 sources. https://clstr.news/cluster/ppc-group-acquires-575-mw-hungarian-solar-plant-and-secures-battery-option --- Cite as: PPC Group European renewable expansion. CLSTR, https://clstr.news/situations/ppc-group-european-renewable-expansion