PPC Group has agreed to make its first renewable-energy investment in Hungary through an acquisition of an operating 57.5 MW solar plant from Greenvolt Group. The same transaction also includes an option over a neighbouring 49 MW battery project. The deal is implemented via PPC Renewables, the group’s wholly owned renewable-energy subsidiary.
Greenvolt is backed by global investment firm KKR. The transaction forms part of a broader pattern of portfolio recycling by international renewable-energy investors.
Solar asset near Királyegyháza and support arrangements
The solar facility is located near Királyegyháza in southern Hungary. It has been operating commercially since July 2024. The project benefits from a 25-year government-backed fixed-price support arrangement, providing revenue visibility compared with a fully merchant solar asset.
The expected operating life of the solar plant exceeds 30 years.
Battery energy storage option and capacity implications
PPC has obtained the right to acquire a neighbouring battery energy storage system with 49 MW of power capacity. The battery is specified with a four-hour duration. Based on that specification, it implies approximately 196 MWh of usable energy capacity, subject to the final technical configuration.
The pairing of the solar and battery assets would enable retention of low-priced midday solar production and discharge during higher-value evening hours, according to the terms described for the combined development. Hungary’s power market has seen increasingly pronounced intraday spreads as solar capacity expands, supporting the strategic value of battery storage even where the associated solar plant already has fixed-price support.
PPC 2026–2030 plan and regional portfolio expansion
The investment is described as the first completed transaction under PPC’s 2026–2030 business plan. That plan envisages approximately €24 billion of investment and aims to almost double the group’s installed generation capacity.
Hungary is added to PPC’s expanding regional platform, complementing positions in Greece and Romania. The group is developing a portfolio across Central and Southeast Europe in which solar, wind, hydropower and batteries can be optimized across markets rather than managed as isolated national assets.
The solar acquisition provides immediate operating cash flow. The battery option provides flexibility to defer the storage investment until connection, equipment-price and revenue conditions are sufficiently clear.
