International solar developer ib vogt has signed an agreement to sell a 66 MWp solar PV project to Hungarian MOL Group. The solar farm is located in municipality of Ballószög, Bács-Kiskun county, Hungary, and will begin commercial operation in Q1 2025. This marks the first project by ib vogt in the country, further expanding their growth in the central and eastern Europe region.
With an expected lifetime of over thirty years, the project will contribute to Hungary’s goal to produce 90 percent of their domestic electricity carbon dioxide-free by 2030. The project uses state-of-the-art bifacial modules on a single axis tracking system for optimal productivity, generating the energy equivalent to meet the average consumption of approximately 20,000 households. The solar PV farm will save more than 20,000 tonnes of CO2 emissions per year, compared to the average grid factor in the country.
"We are more than happy to work with MOL Group in their strategic goal to increase renewable energy sources to cover the growing electricity demand. I would like to congratulate all parties involved and express our appreciation for the successful transaction and future collaboration," said Anton Milner, CEO of ib vogt. “This project marks a true milestone for our team in Hungary and for ib vogt as a continuously growing organisation, bringing clean energy to more and more markets around the world.”
ib vogt has developed the project and is providing engineering, procurement, and construction (EPC) services as well as operations & maintenance (O&M), once completed. Throughout the sales process, ib vogt was supported by Finergreen as financial advisor and Dentons as legal advisor.
With an expected lifetime of over thirty years, the project will contribute to Hungary’s goal to produce 90 percent of their domestic electricity carbon dioxide-free by 2030. The project uses state-of-the-art bifacial modules on a single axis tracking system for optimal productivity, generating the energy equivalent to meet the average consumption of approximately 20,000 households. The solar PV farm will save more than 20,000 tonnes of CO2 emissions per year, compared to the average grid factor in the country.
"We are more than happy to work with MOL Group in their strategic goal to increase renewable energy sources to cover the growing electricity demand. I would like to congratulate all parties involved and express our appreciation for the successful transaction and future collaboration," said Anton Milner, CEO of ib vogt. “This project marks a true milestone for our team in Hungary and for ib vogt as a continuously growing organisation, bringing clean energy to more and more markets around the world.”
ib vogt has developed the project and is providing engineering, procurement, and construction (EPC) services as well as operations & maintenance (O&M), once completed. Throughout the sales process, ib vogt was supported by Finergreen as financial advisor and Dentons as legal advisor.
