The official start of the process for the increase of the share capital of DEC is expected next Thursday (14/5), when the general meeting of shareholders of the company.
This is where the management’s proposal to raise capital of 4 billion euros will be put to approval.
The move is seen as key to the company’s new business plan. The basic plan envisages that DEC’s installed capacity will reach 24.3 GW by 2030, up from 12.4 GW in 2025, which essentially translates into a doubling of its energy footprint.
The new growth model also marks the definitive transition from the logic of the so-called “small PPC” to a much larger and more outward-looking company, with a presence in many European markets.
At the same time, this plan includes a significant expansion of the company’s activities outside Greece. DEC plans a stronger presence in countries such as Bulgaria, Romania, Italy, Croatia, but also entering new markets such as Hungary, Poland and Slovakia.
In addition to energy, the group is also investing in new sectors. The focus is on telecommunications, solar, electromobility and data centers, which are seen as the key pillars of the next day.
In terms of Greece, the company aims to add an additional 5 GW by the end of the decade. Thus, the total installed capacity is expected to reach 13.3 GW. The plan is progressing in parallel with full de-lignification, which will be completed in 2026, and the gradual reduction of oil-fired power generation on the islands.
In Romania, the goal is even more ambitious. The group aims to triple installed capacity by 2030 to 5.3 GW through investments in renewable energy sources, energy storage and new gas plants.
A similar strategy will be followed in other countries where the company has already established a presence, including Italy, Bulgaria and Croatia. There the focus will be mainly on renewable energy, storage and flexible gas plants, with a target total capacity of 3.5 GW by 2030.
For the Central and Southeastern Europe region, the strategic plan envisages expansion through organic growth as well as acquisitions. The goal is to build a portfolio of 2.2 GW in RES and storage projects.
A significant portion of the capital increase appears to have already been secured. The Public Sector and CVC Capital Partners, which directly or indirectly control stakes 35,3% and 10.34% respectively, have already announced their intention to participate in the process.
In relation to the plan for the allocation of new shares, management clarifies that, although the abolition of pre-emptive rights is envisaged, there will be a special mechanism to allow small shareholders to participate in the increase and retain their stake in the company, if they so wish.
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