Greenvolt Power Sells 57.47 MWp Kira Solar Park in Hungary to PPC Group for €64.2 Million
Greenvolt Power has signed an agreement to sell the Kira solar PV park (57.47 MWp) in Királyegyháza, southern Hungary, to PPC Group for €64.2 million. Fully operational since July 2024 and backed by a 25-year KÁT feed-in-tariff, the deal also gives PPC an option on a co-located 49.1 MW / 196.2 MWh BESS project. Closing is expected by end of 2026.
Transaction date: · Source: power.greenvolt.com
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 56 MW
- Transaction price
- 64.2 million (currency as reported in the source)
- Buyer
- PPC Group
- Seller
- Greenvolt Power
- Country
- Hungary
- Region
- Baranya County
- Location
- Királyegyháza, southern Hungary (approx. 180 km from Budapest)
- Continent
- Europe
- Development status
- Operational
- PPA
- Yes
Technology details
57.47 MWp solar PV park, fully operational since July 2024. Benefits from a 25-year feed-in-tariff under Hungary's KÁT scheme. Supported by a €35.5 million project finance facility. PPC Group will also have an option to acquire a co-located 49.1 MW / 196.2 MWh battery storage project, subject to reaching Ready-to-Build (RTB) status.
Power purchase agreement (PPA)
25-year feed-in-tariff under Hungary's KÁT scheme, providing long-term revenue certainty for the solar PV project.
Additional information
Total consideration of €64.2 million. Closing expected by end of 2026. PPC Group is Greece's largest power generation company and sole electricity distributor, expanding into the Balkans and Central and Southeastern Europe. The transaction follows Greenvolt's inauguration of the Buj BESS in Hungary (99.8 MW / 288.6 MWh), Hungary's largest standalone BESS in operation. Transaction is part of Greenvolt's asset rotation strategy in Hungary.
Source
Original announcement: https://power.greenvolt.com/media/news/greenvolt-signs-agreement-to-sell-solar-pv-project-in-hungary-to-ppc-group-for-e64-2-million/