ECONOMY

PPC enters strategic deal with China?s Sinovel

Greek power company PPC said on Wednesday it has entered a strategic partnership with China?s Sinovel Wind Group aimed at jointly developing wind parks in Greece and building wind generators.

?This partnership combines the know-how and experience of PPC with that of Sinovel Wind Group…in line with PPC’s strategic goal to play a leading role in the development of renewable energy in Greece,? PPC said in a bourse filing.

No financial details concerning the agreement were disclosed.

Sinovel is Asia?s leading wind generator construction company and the second largest in the world, PPC added.