GoldenPeaks Capital has signed a 10-year pay-as-nominated power purchase agreement with Hankook Tire & Technology to supply 430GWh of solar electricity in Hungary.
The company said the agreement, its largest PPA deal in Hungary to date, covers 30MWp of photovoltaic capacity and supports decarbonisation of the country’s industrial sector.
It added that the clean power supplied under the contract is expected to save around 10,107 metric tons of CO2 annually and is equivalent to the electricity needs of an estimated 28,700 citizens.
GoldenPeaks stated that the PPA supports Hankook’s global CO2 reduction targets and sustainability roadmap for its production facilities.
World Kinect Energy advised Hankook throughout the PPA process, according to the company.
“This PPA reflects another milestone within our full commitment to shape Hungary’s clean energy future,” said Daniel Tain, founder and president of GoldenPeaks Capital.
“It also highlights our capability to deliver innovative and tailored renewable energy solutions, enabling industrial off-takers to enhance energy budget certainty while accelerating their transition to green electricity,” he added.
GoldenPeaks said it will continue expanding its renewable energy presence across Central and Eastern Europe and support manufacturers in meeting sustainability objectives through scalable PPA structures.