German renewable energy developer ABO Energy has agreed to sell its Hungarian and Polish subsidiaries to Greek utility PPC, transferring the project pipelines, operating solar assets and 38 employees as part of the transaction.
The deal, part of ABO Energy’s restructuring plans, will see PPC acquire a combined renewables portfolio of around 2GW across Hungary and Poland.
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The transaction also includes five operational solar projects with a combined installed capacity of 82MW, alongside a 17MW solar project that is nearing completion.
The transaction is expected to close by the end of the year. Financial terms of the acquisition were not disclosed.
“Following the sale of our Greek subsidiary and most of our Finnish wind power pipeline, the sale of our Hungarian and Polish subsidiaries marks another step towards focusing on those countries where we can achieve sustainable long-term commercial success,” said managing director Karsten Schlageter.
ABO Energy has operated in both markets since 2019. The 2GW pipeline represents projects at different stages of development, although ABO Energy did not provide a breakdown of the portfolio by technology, project status or country.
The transaction will not affect ABO Energy’s planned restructuring and financing measures, according to the company. In September 2025, the firm said it was preparing to begin owning and operating its own energy projects, marking a shift from its previous “pure-play” development model towards an independent power producer (IPP) model.
Meanwhile, PPC has recently expanded its solar PV portfolio across South-East Europe through a series of major projects and acquisitions.
In June 2026, RWE and PPC also completed construction of a separate 930MW portfolio comprising nine projects at the former Amynteo open-cast lignite mine in Western Macedonia. Meton Energy developed the projects, with RWE holding a 51% stake and PPC 49%.
In Greece, it completed construction of a 2.13GW portfolio across 14 solar PV projects on former lignite mines in northern Greece in April 2026, which it described as “Europe’s largest PV project cluster”. The portfolio includes the 550MW Phoebe project near Pontokomi and the 940MW Amyntaio complex, developed with RWE through their Meton Energy joint venture.
PPC also expanded into Bulgaria, acquiring an 88MW solar PV project in Vedrare in 2025. The plant was being built by Chint Green Energy, and at the time of the acquisition, was expected to enter operation in the first quarter of 2026 – no update has been issued as to whether it did.
