The DEH Group has entered Hungary’s energy market — one of Europe’s fastest-growing clean energy markets — through a landmark agreement between its 100% subsidiary DEH Renewables and Greenvolt, a leading international renewable energy platform backed by global investment firm KKR. Under the deal, DEH Renewables will integrate a 57.5 MW photovoltaic park in southern Hungary into its energy portfolio. The facility, located in the village of Királyegyháza, began commercial operations in July 2024 and is expected to operate for over 30 years.
A Strategic First Step in DEH’s 2026–2030 Expansion Plan
This move marks the first concrete implementation of DEH Group’s new strategic development plan for 2026–2030, which includes an ambitious €24 billion investment program aimed at nearly doubling the Group’s installed capacity. The agreement also grants DEH the right to acquire a nearby 49 MW battery energy storage system (BESS) currently under development — with a discharge duration of four hours — further enhancing grid flexibility and supporting deeper integration of renewables into Hungary’s energy mix.
Long-Term Revenue Security and Risk Mitigation
The solar park benefits from a 25-year, government-subsidized fixed-price power purchase agreement, offering strong revenue visibility and protection against market volatility. Combined with the potential BESS acquisition, the transaction represents a significant step toward geographic and technological diversification of DEH’s generation assets — reducing operational risk and maximizing portfolio value.
Building a Regional Clean Energy Platform
The strategic entry into Hungary strengthens DEH Group’s leadership role across Southeastern and Central Europe and lays the groundwork for a unified regional clean energy platform stretching from Greece to Central and Eastern European markets. This expansion supports DEH’s broader ambition to become a key player in Europe’s green energy transition.
Completion of the transactions remains subject to customary closing conditions, including required approvals from relevant regulatory authorities.