GoldenPeaks and Faerch Sign Solar PPA in Hungary

• GoldenPeaks Capital secures groundbreaking 12-year PPA with Faerch Group in Hungary, providing 15 GWh of renewable energy annually. A game-changer for sustainability in the region.

GoldenPeaks Capital has signed a 12-year power purchase agreement (PPA) with Danish packaging company Faerch Group in Hungary. The PPA will provide Faerch with 15 GWh of renewable energy annually, totaling around 180 GWh over the contract's duration. This deal marks one of the first PPAs in Hungary and was facilitated by PPA marketplace operator LevelTen Energy and electricity supplier Reel.

Faerch Group's CFO, Tom Sand-Kristensen, stated that the PPA will help the company achieve its Renewable Energy Strategy by providing reliable and cost-effective renewable energy to its sites in Hungary. The agreement will also support the construction of a new solar park to meet Faerch's energy needs, showcasing a commitment to sustainability and reducing carbon emissions.

What is the significance of GoldenPeaks Capital's PPA with Faerch Group in Hungary?

• The PPA between GoldenPeaks Capital and Faerch Group in Hungary is significant as it marks one of the first PPAs in the country, demonstrating a growing interest in renewable energy solutions.
  
• The 12-year agreement will provide Faerch Group with 15 GWh of renewable energy annually, totaling around 180 GWh over the contract's duration, helping the company achieve its Renewable Energy Strategy.
  
• The PPA will support the construction of a new solar park to meet Faerch's energy needs, showcasing a commitment to sustainability and reducing carbon emissions.
• The deal was facilitated by PPA marketplace operator LevelTen Energy and electricity supplier Reel, highlighting the collaboration between different entities to promote renewable energy adoption in Hungary.