PPC Group’s entry into the Hungarian energy market, one of Europe’s fastest-growing clean energy markets, is marked by the agreement of PPC Renewables – a 100% subsidiary of the Group – with Greenvolt Group to integrate an operational 57.5 MW photovoltaic park in Southern Hungary into its energy portfolio.
The agreement with Greenvolt Group, the leading international renewable energy platform backed by the global investment firm KKR, also includes the right to acquire an under-development Battery Energy Storage System (BESS) of 49 MW capacity in the same area.
The entry into Hungary represents the first practical application of PPC Group’s new strategic growth plan for the 2026-2030 period, which foresees a dynamic €24 billion investment program aiming to nearly double the Group’s installed capacity. Establishing a strategic presence in Hungary further strengthens PPC Group’s leadership position across the wider region while laying the foundations for a unified regional clean energy platform stretching from Greece to the markets of Central and South-Eastern Europe. In this way, geographical and technological diversification of generation is achieved, mitigating operational risk and maximizing the value of the Group’s portfolio.
The photovoltaic park, located near the village of Királyegyháza in Southern Hungary, entered commercial operation in July 2024 and has an estimated lifespan of over 30 years.
Furthermore, the investment offers strong protection against market volatility, as it benefits from a state-subsidized, fixed-price contract with a duration of 25 years.
At the same time, aiming to enhance system flexibility and support further penetration of RES into the energy mix, the transaction includes the right to acquire an adjacent Battery Energy Storage System (BESS) with a capacity of 49 MW and a 4-hour storage duration, which is currently under development.
The completion of the transactions is subject to the satisfaction of customary conditions precedent for transactions of this nature, including, among others, receiving the required approvals from the competent regulatory authorities.