PPC Renewables’ Joint Venture With RWE Renewables

Reed Smith advised PPC Renewables S.A. on the deal.

PPC Renewables S.A., the renewables arm of Public Power Corporation S.A., Greece’s largest power producer and supplier, announced the formation of a joint venture with RWE Renewables, the renewables subsidiary of the German energy major, RWE AG, for the joint development, construction and operation of a solar photovoltaic projects portfolio up to 2 GWp in Greece.

The completion of all formalities for the formation of the joint venture is expected to take place later this year. 

The Reed Smith team that advised PPC Renewables S.A. was led in Athens by Global Corporate Group partner Dimitris Assimakis (Picture), supported by senior associate Minas Kitsilis. In addition, Brussels based antitrust and competition partner, Christian Filippitsch, advised on EU law related issues, alongside counsel Max Seuster. 

Involved fees earner: Dimitris Assimakis – Reed Smith; Christian Filippitsch – Reed Smith; Minas Kitsilis – Reed Smith;

Law Firms: Reed Smith;

Clients: PPC Renewables ;