Greek giant PPC Group has officially entered the Hungarian energy market through the acquisition of a 57.5 MW photovoltaic park in southern Hungary, marking the first practical implementation of the company’s ambitious €24 billion investment strategy for 2026–2030.
The investment, completed through PPC Renewables, the group’s wholly owned renewable energy subsidiary, includes an operational solar power plant near Királyegyháza as well as an option to acquire a 49 MW Battery Energy Storage System (BESS) currently under development at the same location.
The transaction was agreed with Greenvolt Group, one of Europe’s leading renewable energy developers backed by global investment firm KKR, and remains subject to customary regulatory approvals.
Solar park offers long-term revenue stability
The newly acquired photovoltaic facility, located near the village of Királyegyháza in southern Hungary, entered commercial operation in July 2024 and is expected to operate for more than 30 years.
One of the project’s key strengths is its predictable revenue profile. The solar park benefits from a 25-year state-supported fixed-price contract, shielding revenues from wholesale electricity market volatility while ensuring stable long-term cash flow.
Hungary becomes the latest pillar of PPC’s regional strategy
The Hungarian acquisition follows PPC’s strategy of transforming itself into one of Southeast Europe’s largest renewable energy companies while expanding beyond its traditional markets.
The group recently unveiled its 2026–2030 strategic plan, which foresees investments of approximately €24 billion aimed at increasing installed generation capacity from 12.4 GW in 2025 to 24.3 GW by 2030.
Hungary represents the first concrete step of that expansion, with additional investments already targeted in Poland, Slovakia, Bulgaria, Croatia and Italy, complementing PPC’s established presence in Greece and Romania.
