Greenvolt Group, through Greenvolt Power - a leading global developer of large-scale wind, solar, and battery energy storage - has signed 58.9 million in project finance facilities with UniCredit Bank Hungary to support the construction, operation and maintenance of project Buj, a 99MW/288MWh standalone battery energy storage system (BESS).
Located in the northeast of Hungary, the project construction is currently underway, with completion expected in the first quarter of 2026. Once completed, "Buj" will be the largest battery energy storage asset in Hungary, playing a key role in enhancing grid flexibility and supporting the integration of renewable energy into the national power system.
"Battery storage is already an essential pillar of modern energy systems, providing the flexibility and resilience needed to support the growing share of renewables. This financing reinforces Greenvolt's strategy to scale up storage assets across key European markets and strengthens our position in a segment that is increasingly central to the energy transition", said João Manso Neto, CEO of the Greenvolt Group.
"I strongly believe that Europe's strength lies in sustainable and predictable energy sources, and I am proud that our Group's commitment enables us to play an active role in driving this progress" emphasized Balázs Toldi, Head of Corporates Division at UniCredit Bank Hungary.
"The financing of Greenvolt's landmark Buj Project demonstrates UniCredit Bank commitment to supporting Hungary's energy transition and to driving innovation in sustainable financing. We are proud to support Greenvolt as one of Europe's largest renewable energy developers and to deepen our excellent group partnership covering multiple geographies and assets, and we look forward to further cooperation." - added László Lakos, Director of Structured Finance at UniCredit Bank Hungary.
"Our teams, together with the highly experienced professionals at UniCredit Bank Hungary, worked closely to structure a tailored project finance solution that meets the needs of both parties and supports the successful delivery of Project Buj", said Adrian Góralski, Director of M&A and Project Finance at Greenvolt Power.
Greenvolt Group currently has a 14.1 GW probability-weighted pipeline across Europe, the United States, and Asia, covering solar, wind, and BESS projects, of which around 1.7 GW is under construction. In battery storage, the company ranks among Europe's leading developers, with a total pipeline of 4.7 GW. The Group also operates in the sustainable biomass and distributed generation segments.
