The outline of the company’s future plans following the successful capital increase with an emphasis on its expansion outside Greece and the data center in Kozani currently in the planning stages—which is expected to go live in 2028—was presented by CEO George Stassis during the group’s Annual General Meeting.
“In its first phase, the 300 MW data center is expected to be operational by the end of 2028, while the possibility of expanding to 1 GW remains open, although this is not included in the investment plan,” said the PPC CEO regarding the investment’s planning.
According to reports, talks with the American tech giants with whom PPC is discussing the project are in the final stages, while the investment is poised to attract massive capital from across the Atlantic and gradually exceed 10 billion euros.
The project is the crown jewel of its new investment plan, with reports indicating that the final agreement with the American hyperscaler could be finalized, at best, by July or, at the latest, by fall.
Just how far along the process is can be seen from the fact that the company has long since moved forward with the initial stages— namely design and permitting, having even announced that construction will begin in 2026, as well as by the CEO’s statement that it will be ready to go live in 2028.