Deal structure and counterparties
PPC Group has made its first renewable-energy investment in Hungary by agreeing to acquire an operating 57.5 MW solar plant from Greenvolt Group. The transaction also includes an option over a neighbouring 49 MW battery project. The deal is implemented through PPC Renewables, the group’s wholly owned renewable-energy subsidiary. Greenvolt is backed by global investment firm KKR.
Solar project location, support and operating timeline
The solar facility is located near Királyegyháza in southern Hungary. It has been operating commercially since July 2024. The plant benefits from a 25-year government-backed fixed-price support arrangement. PPC expects the solar asset’s operating life to exceed 30 years.
Battery option specifications and energy capacity
PPC has obtained the right to acquire a neighbouring battery energy storage system with 49 MW of power capacity. The battery has a four-hour duration. Based on that specification, the project implies approximately 196 MWh of usable energy capacity, subject to final technical configuration.
Portfolio plan and regional expansion targets
The investment is the first completed transaction under PPC’s 2026–2030 business plan. The plan envisages approximately €24 billion of investment and aims to almost double the group’s installed generation capacity. Hungary adds another market to PPC’s expanding regional platform, complementing its positions in Greece and Romania.
Market rationale tied to solar output and storage dispatch
PPC said pairing the two assets could allow retention of low-priced midday solar production alongside discharge during higher-value evening hours. Hungary’s power market has seen increasingly pronounced intraday spreads as solar capacity expands. The company stated this makes battery storage strategically valuable even where the associated solar plant already benefits from fixed-price support.
Timing flexibility for storage investment
The solar acquisition provides immediate operating cash flow. The battery option gives PPC flexibility to defer the storage investment until connection, equipment-price and revenue conditions are sufficiently clear.
