German Berenberg Bank finances 65.2-MW solar park 

Green Energy

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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.

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