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Wolf Theiss Advises PolSolar on 250-Megawatt Solar Plant Development in Hungary

Wolf Theiss Advises PolSolar on 250-Megawatt Solar Plant Development in Hungary

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Wolf Theiss has advised a group of investors represented by PolSolar on the engineering, procurement, and construction of a 250-megawatt solar power plant in Mezocsat, Hungary.

According to Wolf Theiss, “the solar power plant boasts an installed rated capacity of 250 megawatts and was officially handed over on June 6, in Mezocsat, Hungary, marking a significant milestone in the country's transition towards clean energy. This new solar power plant has already undergone rigorous production tests and has been seamlessly integrated into the Hungarian electricity grid. Consequently, solar power generation and electricity export figures have already experienced a notable boost.”

According to the firm, “the Mezocsat solar power plant accounts for 8% of the total electricity generated by solar power plants in Hungary. The new plant spans a vast area of 440 hectares, featuring an astounding 466,000 solar panels, 80 medium-voltage transformer stations, and an intricate network of 1,000 kilometers of cables. The power plant can produce 372 gigawatt-hours of electricity annually; which amounts to enough clean energy to meet the energy needs of the nearby city of Debrecen, home to a population of 200,000, for half a year. The investment of over HUF 90 billion (approximately EUR 245 million) highlights the commitment of both private and public entities to the expansion of renewable energy sources. The expected lifespan of the investment is projected to be a minimum of 15 years, ensuring a long-lasting positive impact on Hungary's renewable energy sector.”

The Wolf Theiss team included Partner Laszlo Kenyeres and Associate Adam Lukonits.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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