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Greenvolt Power, the Greenvolt Group’s subsidiary for Utility-Scale renewable energy projects, signed a €36 million Project Finance with UniCredit Bank Hungary for the construction, operation, and maintenance of a 57 MW solar photovoltaic park in Hungary.

The solar park is currently under construction and with this Project Finance it is expected to reach the Commercial Operational Date by the end of the first half of 2024.

“With this financing, we are prepared to quickly put another solar park into operation, this time in Hungary, which will allow us in the short term to generate more green energy that will be consumed by everyone”, highlights João Manso Neto, CEO of the Greenvolt Group.

This Utility Scale Project will have an installed capacity of 57 MWp which will allow it to generate 87 GWh annually. There is already an agreement to connect the solar park to the electricity grid, with the energy generated being sold under the feed-in-tariff support scheme currently applied In Hungary.

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