Budapest, July 31st, 2025 - GoldenPeaks Capital (“GPC”), one of the fastest growing independent producers of green energy in Europe, has successfully connected both of its Hungarian flagship photovoltaic projects Bodroghalom and Nyékládháza to the grid. The successful implementation is a further concrete step to actively contribute to the country’s green energy transition and reflect GoldenPeaks Capital’s unwavering commitment to delivering high-performance, sustainable infrastructure that supports energy independence, carbon neutrality, and market integration. Bodroghalom – The Zemplén Solar Park powers Hungary with proven reliability. Since March 2025, the Zemplén Solar Park Kft. near Bodroghalom, has been in full operation, showcasing consistent and stable performance over nearly four months. The project not only delivers clean electricity to the market, but also plays an active role in Hungary’s ancillary services, including the participation in the automatic Frequency Restoration Reserve (aFRR) segment. It also marks GoldenPeaks Capital’s first operational renewable energy plant in Hungary, completed with Faerch Group, a long-term PPA-partner that ensures commercial stability and strategic alignment. With an installed capacity of 64.56 MWp, the two-block photovoltaic facility produces approximately 94.6 GWh of clean electricity annually - enough to provide power for over 30,000 people every year. Over its lifetime, the project is expected to save more than 860,000 tons of CO? emissions, equivalent to the carbon neutralization of over one million trees. Smart Tracking and Robust Engineering The plant features a state-of-the-art single-axis solar tracking system that continuously adjusts the angle of solar modules to maximize daily irradiation capture. It is equipped with bifacial modules that absorb sunlight on both sides, further enhancing energy generation. The execution timeline spanned from spring 2024 to spring 2025, encompassing permitting, engineering, construction, grid connection, and energization. Despite a series of construction challenges - including complex soil conditions and persistent wet weather during winter and early spring - the project was delivered on schedule. Nyékládháza – Energization of Block 1 marks new milestone. The Group’s second solar power plant in Hungary, located near Nyékládháza, has also reached a key milestone: Block 1 has been energized and is now delivering clean electricity into the national grid. The project currently operates on the day-ahead electricity market while also contributing to grid stabilization via the aFRR regulatory market. With a total installed capacity of 27.556 MWp, the Nyékládháza facility is projected to produce roughly 40 GWh of renewable electricity per year—enough to provide power for approximately 13,000 people annually. Over its lifecycle, it is expected to save more than 367,000 tons of CO? emissions, achieving some 43% of the climate impact of its sister project in Bodroghalom. Advanced Design, Bifacial Technology, and Grid-Optimized Connection This site also deploys bifacial modules on single-axis trackers, enabling higher yield by maximizing light capture during varying sun positions. Power is injected into the grid via a pre-existing 132/22 kV substation, connected at the 22 kV medium-voltage level, making the plant’s integration highly efficient. The first block was successfully built and energized between early February and June 2025, a tight construction window that demanded precision and adaptability. The project team encountered significant geotechnical challenges due to unstable subsoil layers and intermittent rainfall during late winter and early spring. These conditions required constant site adaptation, but the construction crews managed to keep the build on schedule, achieving successful energization through strict coordination and quality assurance. Spectris—as GoldenPeaks’ local EPC subsidiary - is the trusted O&M and asset management organization for both projects. With a dedicated in-house EPC and O&M team, Spectris Hungary ensures long-term asset performance, robust maintenance regimes, and optimal output from plant commissioning through the entire lifecycle. Spectris Hungary combines engineering, procurement, construction and operations expertise to deliver and manage full-value solar projects to ideal standards of efficiency and environmental responsibility. GoldenPeaks Capital founder and chairman Adriano Agosti said: “These two projects reflect our vision of sustainability in practice: scalable, intelligent, and executed to the highest standards. We take great pride in the teams that made this possible - and in the partnerships that will carry us forward as we continue shaping the renewable landscape in Central and Eastern Europe.” GoldenPeaks Capital has already established a leading position in the Hungarian PPA-market following the signing of a landmark 12-year physical PPA with Faerch in 2024. Backed by a strong track record in delivering clean energy solutions across Europe, GoldenPeaks Capital remains committed to driving innovation and reliability in the energy transition. As the Hungarian PPA market continues to evolve, the company is well positioned to support local corporates in achieving their decarbonization objectives. About GoldenPeaks Capital GoldenPeaks Capital, is a company specializing in the construction and operation of solar systems and one of the largest photovoltaic system owners in Poland and Hungary, with over 15 years of experience in structuring energy projects worldwide. In addition, GPC is a pioneer in the introduction of new technologies in Eastern Europe with various BESS + PV pilot projects in Poland and Hungary. GoldenPeaks Capital will further increase the pace of shaping the industry of renewable energies in Eastern Europe by applying the seamless integration of all sectors of GPC, such as project development & engineering, financing & structuring, supply chain management, construction & commissioning, asset operations, and commercial & energy sales among others, ensuring an invaluable alignment of methodologies, ethics and goals. GoldenPeaks Capital has been awarded for its green commitment, receiving the highest sustainability quality score (SQS1) from Moody's for their green bond framework.
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media@goldenpeakscapital.com Disclaimer Golden Peaks Capital: This press release was produced by and the opinions expressed are those of GoldenPeaks Capital as of the date of writing and are subject to change. It has been prepared solely for information purposes. Any reference to past performance is not necessarily a guide to the future. To the extent there are any forward-looking statements, these statements are based on the company’s current expectations and projections regarding its business, operations and other factors relating thereto. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but GoldenPeaks Capital does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.looking statements as a result of a number of factors. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but GoldenPeaks Capital does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
