German Berenberg Bank finances 65.2-MW solar park 

Green Energy

Image by Pixabay

Germany's investment bank Berenberg has said it is financing a solar project in Hungary. Germany's Greencells Group is developing the 65.2-MW Szügy solar project using finance from the Berenberg Green Energy Junior Debt Fund III, which is providing junior debt financing for the construction and commissioning phase.

The Szügy solar park in Nógrád County (95 km northeast of Budapest by road, near the border with Slovakia) is already under construction and is expected to start operating in October this year.

The park benefits from a government-guaranteed feed-in tariff over 25 years starting at operations.

The solar park will be built with 121,000 photovoltaic modules, which will produce enough energy to meet the electricity demand of around 22,500 homes.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.