The European Bank for Reconstruction and Development (EBRD) is considering providing a long-term senior loan to renewables developer GoldenPeaks Capital to support the addition of 250 MW of new solar capacity in Hungary. The proposed financing is being assessed under the EBRD InvestEU Framework for Sustainable Transition, with a final decision expected by 22 October.
If approved, the loan would be directed to GoldenPeaks’ local subsidiary, Cephei Renewable Energy, for the development, construction, and operation of six solar power plants in northeastern Hungary. The projects will be located on agricultural land across four rural communities in Borsod-Abauj-Zemplen county. Once completed, the solar portfolio is projected to generate around 320 GWh of electricity annually and reduce CO2 emissions by approximately 82,000 tons each year.
GoldenPeaks Capital currently manages 1.7 GW of operating and under-construction assets, along with 1 GW of ready-to-build projects in Poland and Hungary. The company also maintains a development pipeline of about 5 GW of solar capacity and 1.2 GW of battery storage.
