Green Power Investment Secures Deal for Hungarian Solar Assets
Deal News | Nov 22, 2024 | CEE Legal Matters
Lakatos, Koves and Partners, a prominent law firm, played a key advisory role in the successful sale of two photovoltaic projects in Hungary by Green Power Investment. These projects have a combined capacity of 7.7 megawatts and were acquired by an undisclosed Austrian investor. Green Power Investment, a renewable energy company based in the Czech Republic, is focused on developing and expanding renewable energy resources in Central and Eastern Europe. The transaction highlights the growing interest in solar energy investments within the region, facilitated by the expertise of legal professionals like Partner Adam Mattyus and his team at Lakatos, Koves and Partners. This deal underscores the strategic importance of cross-border investments in renewable energy, showcasing Hungary as a viable market for sustainable energy projects.
Sectors
- Renewable Energy
- Legal Services
Geography
- Hungary – The photovoltaic projects sold are located in Hungary, marking the country as a player in the renewable energy market.
- Czech Republic – Green Power Investment, the company selling the projects, is based in the Czech Republic.
- Austria – The buyer of the projects is an unidentified Austrian investor, indicating cross-border investment within Central Europe.
Industry
- Renewable Energy – The article involves the sale of solar power projects, which are part of the renewable energy sector.
- Legal Services – Lakatos, Koves and Partners provided legal advisory services for the transaction, highlighting the role of legal expertise in facilitating energy deals.
Financials
- 7.7 megawatts – The combined capacity of the two photovoltaic projects sold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Green Power Investment | Seller | Company | A Czech Republic-based renewable energy company involved in the sale of solar projects. |
| Lakatos, Koves and Partners | Legal Advisor | Company | A law firm advising Green Power Investment on the sale of the Hungarian photovoltaic projects. |
| Adam Mattyus | Partner | Person | A Partner at Lakatos, Koves and Partners involved in advising on the transaction. |
| Kornel Dirner | Lawyer | Person | A lawyer at Lakatos, Koves and Partners involved in the transaction. |
| Julia Varkonyi | Lawyer | Person | A lawyer at Lakatos, Koves and Partners involved in the transaction. |
| David Nagy | Trainee Lawyer | Person | A trainee lawyer at Lakatos, Koves and Partners involved in the transaction. |