GoldenPeaks Capital Holding has officially commissioned a 64.6 MW solar power plant in Hungary, marking the first of several renewable energy projects planned in the country.
Located near Bodroghalom in northern Hungary’s Borsod-Abaúj-Zemplén county, the newly operational photovoltaic facility is expected to generate 94.6 GWh of electricity annually. This output will supply energy to over 30,000 residents while reducing carbon dioxide emissions by nearly 863,400 tons over its lifespan.
Despite challenging winter weather conditions, GoldenPeaks successfully completed the project in approximately eight months, underscoring its commitment to Hungary’s green energy transition. The project received financial backing from Austria’s Erste Group and its subsidiary, Erste Bank Hungary, through senior and junior financing.
Additionally, GoldenPeaks has secured a long-term power purchase agreement to supply Danish food packaging company Faerch Group with approximately 180 GWh of electricity over a 12-year period.
