The development is a 7.24 MW (DC) solar power plant combined with a 5 MW/20 MWh battery energy storage system, located in Baracska, Fejér County (35 km southwest of central Budapest by road). This investment represents an important step in Eurus Energy Group’s expansion across the CEE region. The project integrates renewable energy generation with advanced battery storage to enhance local grid stability and support Hungary’s ongoing energy transition.
Wolf Theiss Faludi Ügyvédi Iroda provided comprehensive legal advice to Eurus Energy throughout the lifecycle of the project, from the early greenfield-stage acquisition of the land through to the commencement of commercial operations of the power plant. The project’s solar panels were supplied by Tongwei Solar (Hefei) Co., Ltd., and a battery energy storage system by Sungrow Power Supply Co., Ltd. Engineering, procurement, and construction works were carried out by the VPP Energy Group.
The mandate included due diligence on the target company, negotiation of the share purchase agreement and structuring the engineering, procurement and construction contract for the development of both the photovoltaic and battery storage facilities.
The team also supported the operational phase, including operation and maintenance agreements, direct agreements with manufacturers and trading agreements for the sale of electricity and ancillary services. Wolf Theiss’ mandate also covered corporate matters related to the continued operation of the project company, including internal project financing.
Drawing on Wolf Theiss’ extensive experience in cross-border energy projects and deep understanding of the Hungarian and wider CEE/SEE legal and regulatory landscape, Eurus Energy completed this strategic investment in Hungary.
“Congratulations to Eurus Energy on this landmark transaction. Our teams collaborated seamlessly throughout the project, reflecting Wolf Theiss’ long-standing track record of advising Japanese businesses on investments and expansion across the CEE and SEE region. We are pleased to support clients with commercially focused advice on complex cross-border projects,” said László Kenyeres, partner in the firm’s energy business line.
“We are very proud to take our first step into Hungary with Baracska PV & BESS Hybrid project, and we would like to express our sincere appreciation to VPP Energy Group for their excellent work in the development and construction of the project,” said Hidenori Mitsuoka, managing director of Eurus Energy Europe B.V. “We look forward to continuing our collaboration and further advancing renewable energy in Hungary.”
Under Kenyeres’ leadership, the remainder of the Wolf Theiss team comprised Norbert Bálint (also an energy partner), Ádám Lukonits (senior associate in energy), Kinga Kajcsos (an»associate from corporate/M&A) and Virág Lőcsei (an energy associate).
Eurus Energy Group is a Japan-based independent power producer. It operates as Eurus Energy Holdings Corporation and has a global presence, including projects in the United States, the United Kingdom, Italy, Spain, Norway, and Japan, and now in Hungary. The group focuses on renewable energy development, including wind, solar, and storage solutions.
Founded in 1957, Wolf Theiss is one of the leading law firms in Central, Eastern and South-Eastern Europe (CEE/SEE). With a central European hub in Brussels and more than 400 lawyers spread across 13 countries, over 80% of the firm’s work involves cross-border representation of international clients.
Wolf Theiss has offices in Austria, Albania, Bosnia and Herzegovina, Brussels, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia, and Ukraine, and represents local and international industrial, trade and service companies, as well as banks and insurance companies.
Combining law and business, Wolf Theiss says it develops comprehensive and constructive solutions based on legal, fiscal and business know-how.
This article was first published in the Budapest Business Journal print issue of June 5, 2026.
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