Emeren Group Secures Financing for Solar Expansion in Hungary
Deal News | Apr 14, 2025 | CEE Legal Matters
Pontes Budapest has successfully advised Emeren Group in securing project financing for its substantial 52.4 MW solar portfolio in Hungary. This financial package, arranged in partnership with Raiffeisen Bank Hungary, will fund five operational solar farms, emphasizing Emeren's dedication to renewable energy and regional development. The acquisition is a significant step for Emeren Group, reflecting its strategic push towards sustainable energy solutions and expansion in Central and Eastern Europe.
Sectors
- Renewable Energy
- Banking and Finance
- Legal Advisory
Geography
- Hungary – The solar portfolio and financing arrangement discussed in the article are located within Hungary.
- Central and Eastern Europe – The activities of the Emeren Group focus on regional growth within CEE.
Industry
- Renewable Energy – The article involves the solar energy sector, with Emeren Group's expansion into solar portfolios.
- Banking and Finance – Raiffeisen Bank Hungary plays a key role in the financing arrangement for Emeren Group's solar projects.
- Legal Advisory – Pontes Budapest provided legal advice in the project financing, highlighting the role of legal firms in facilitating renewable energy projects.
Financials
- 52.4 megawatt-peak – The capacity of the solar portfolio for which the financing was secured.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Emeren Group | Target Company | Company | A company engaged in renewable energy projects, focusing on solar energy. |
| Raiffeisen Bank Hungary | Bidding Company (Financer) | Company | A financial institution providing project financing for Emeren Group's solar portfolio. |
| Pontes Budapest | Legal Advisor | Company | A legal advisory firm facilitating the project financing process for Emeren Group. |