Greek utility PPC Group has made its first renewable-energy investment in Hungary, agreeing to acquire an operating 57.5 MW solar plant from Greenvolt Group and securing an option over an adjacent 49 MW battery project.
The transaction is being implemented through PPC Renewables, the group’s wholly owned renewable-energy subsidiary. Greenvolt is backed by global investment firm KKR, placing the deal within a broader pattern of portfolio recycling by international renewable-energy investors.
The solar facility is located near Királyegyháza in southern Hungary and has been operating commercially since July 2024. It benefits from a 25-year government-backed fixed-price support arrangement, providing greater revenue visibility than a fully merchant solar asset. Its expected operating life exceeds 30 years.
PPC has also obtained the right to acquire a neighbouring battery energy storage system with 49 MW of power capacity and a four-hour duration. That specification implies approximately 196 MWh of usable energy capacity, subject to the final technical configuration.
Pairing the two assets could allow PPC to retain low-priced midday solar production and discharge during higher-value evening hours. Hungary’s power market has experienced increasingly pronounced intraday spreads as solar capacity expands, making battery storage strategically valuable even where the associated solar plant already benefits from fixed-price support.
The investment is the first completed transaction under PPC’s 2026–2030 business plan, which 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. 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, while the battery option gives PPC flexibility to defer the storage investment until connection, equipment-price and revenue conditions are sufficiently clear.
