GoldenPeaks Capital powers 92MW solar PV portfolio in Hungary

Facebook
Twitter
LinkedIn
Reddit
Email
The two new projects are located in northern Hungary. Image: GoldenPeaks Capital

Independent power producer GoldenPeaks Capital has reached commercial operations on a 92MW solar PV portfolio in Hungary.

Consisting of two PV projects – Zemplén Solar Park in Bodroghalom and Nyékládháza – they are both located in the northeastern part of the country, with the first one near the frontier with Slovakia.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

With an installed capacity of 64.56MWp, the solar park in Bodroghalom has been in full operation since March 2025 and was the company’s first operational renewable plant in Hungary, according to GoldenPeaks Capital. On top of delivering electricity to the market, the project also offers ancillary services by participating in the automatic Frequency Restoration Reserve (aFRR) segment.

A power purchase agreement was also secured with food packaging company Faerch group.

The execution timeline of the project spanned from spring 2024 to spring 2025, which includes permitting, engineering, construction, grid connection and energisation, according to the company. The project features bifacial modules and single-axis trackers to maximise daily irradiation capture.

The other project, located near Nyékládháza, has an installed capacity of 27.5MWp. With the energisation of Block 1, on top of delivering electricity to the grid, the project also contributes to grid stabilisation via the aFRR regulatory market.

Similar to the other project, bifacial modules and single-axis trackers were deployed to the Block 1 project, which was energised between early February and June 2025. Despite the tight construction window, the project encountered significant geotechnical challenges due to unstable subsoil layers and intermittent rainfall during late winter and early spring. According to the company, this required constant site adaptation.

GoldenPeaks’ local engineering, procurement, and construction (EPC) subsidiary, Spectrics, will be handling the operations and management (O&M) and asset management for both solar PV projects.

PV Tech publisher Solar Media will be organising the fifth edition of Large Scale Solar Central and Eastern Europe in Warsaw, Poland 25-26 November 2025. The event will focus on Central and Eastern Europe with a packed programme of panels abd presentations from industry leaders responsible for the buildout of solar and storage projects in Poland, Bulgaria, Romania, Hungary and the Baltics. For more information visit the event website
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

August 22, 2025
Saudi developer ACWA Power has started commercial operations of a 2.7GW solar PV portfolio in its home country.
August 20, 2025
Italy’s cumulative solar installations have exceeded 40GW, with more than two million solar systems now in operation in the country.
August 20, 2025
Israel-headquartered independent power producer (IPP) Econergy has started commercial operations at its 87MW Oradea solar project in Romania.
Premium
August 14, 2025
JP Casey investigates efforts currently being made to standardise the offtake agreement for the renewable power sector.
August 14, 2025
Germany’s federal energy network has awarded 2,271MW of PV capacity in its latest auction for ground-mounted and non-building solar projects.
August 13, 2025
Madrid-headquartered renewables developer Elawan has signed a 10-year power purchase agreement (PPA) to support a 150MW solar PV portfolio in northern Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines