PPC Group is entering Hungary, one of Europe’s fastest-growing clean energy markets, through an agreement by its subsidiary PPC Renewables to acquire a 57.5 MW solar photovoltaic park backed by secured revenues over a 25-year period.
Under the agreement with Greenvolt Group – the international renewable energy platform backed by global investment firm KKR – PPC Renewables will add the operational 57.5 MW solar park in southern Hungary to its energy portfolio.
The transaction also includes an option to acquire a 49 MW battery energy storage system (BESS), currently under development in the same area.
According to the company, the move into Hungary marks the first implementation of PPC Group’s 2026-2030 strategic growth plan, which envisages a 24 billion euro investment program aimed at nearly doubling the group’s installed generation capacity.
“The strategic positioning in Hungary strengthens PPC Group’s leadership across the wider region and lays the foundations for a unified regional clean energy platform stretching from Greece to the markets of Central and Southeastern Europe. This geographic and technological diversification of generation reduces operational risk and maximizes the value of the group’s portfolio,” the company said.
New solar park
The solar park is located in the village of Királyegyháza in southern Hungary. It entered commercial operation in July 2024 and has an estimated operating life of more than 30 years.
The investment also offers strong protection against market volatility through a state-backed fixed-price contract with a duration of 25 years.
To enhance grid flexibility and support the further integration of renewable energy into the country’s power mix, the transaction also includes the right to acquire a neighboring 49 MW, four-hour battery energy storage system that is currently under development.
Completion of the transaction remains subject to customary closing conditions, including the receipt of the required regulatory approvals.
Hungary’s energy market and renewable targets
Hungary is regarded as one of Europe’s most dynamic clean energy markets, with the government pursuing an ambitious energy transition strategy targeting 12 GW of installed solar capacity by 2030.
The expansion is supported by a stable and predictable regulatory framework aligned with European Union guidelines, creating a secure environment for large-scale, long-term investments in renewable energy.
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