July 24, 2026 — Greenvolt Power has signed an agreement to sell Kira, a 57.47 MWp solar photovoltaic park in Királyegyháza, southern Hungary, to PPC Group for a total consideration of €64.2 million.
The project, located about 180 kilometers from Budapest, has been fully operational since July 2024, when it reached its Commercial Operation Date. It benefits from a 25-year feed-in tariff under Hungary’s “KÁT” scheme and is supported by a €35.5 million project finance facility.
The transaction is expected to close by the end of 2026.
Under the agreement, PPC Group will also have an option to acquire a co-located battery storage project with a capacity of 49.1 MW / 196.2 MWh, subject to the asset reaching Ready-to-Build status.
“Hungary has become a particularly active market for us, and this sale illustrates the strength of our platform in the country and our commitment to accelerating the energy transition in Central and Eastern Europe,” said João Manso Neto, CEO of Greenvolt Group. “Furthermore, this sale shows Greenvolt's ability to develop and deliver high-quality renewable energy assets across Europe.”
Spiros Martinis, CEO of Greenvolt International Power, said the transaction reflects growing international investor confidence in the quality of Greenvolt’s project pipeline.
“Partnering with an investor of PPC's scale and ambition reinforces Greenvolt's positioning in Hungary, building on the momentum created by the recent inauguration of the Buj BESS,” Martinis said.
PPC Group is Greece’s largest power generation company, the country’s sole electricity distributor and its largest power supply provider. The group has been expanding its business portfolio across the Balkans, Central Europe and Southeastern Europe over the past three years.
The sale follows Greenvolt’s recent inauguration of the Buj BESS, Hungary’s largest standalone battery energy storage system currently in operation, with 99.8 MW / 288.6 MWh of capacity. Greenvolt said the two developments highlight the pace and scale of its activity in Hungary and its role in supporting the country’s energy transition.
