Enlight Renewable Energy, a major player in the energy sector, announces the commissioning of its 60-megawatt solar project in Tapolca, Hungary.
This project marks a significant step in the company’s expansion in Central Europe, bringing its total capacity in Hungary to 144 MW.
The facility went into commercial production on July 31, 2024, on schedule.
The Tapolca project represents a total investment of $48 million. Enlight contributed $21 million in equity, with the balance financed by Raiffeisen Bank.
This investment is in line with Enlight’s strategy of consolidating its presence in key markets while optimizing its production capacities.
Expected Financial Performance
The Tapolca project is designed to generate estimated annual revenues of $6 million, with a forecast EBITDA of $5 million.
Revenues will come from the sale of electricity on the open market, reflecting current Hungarian energy market conditions.
These financial projections underline the solidity of the project in a favorable economic context.
Enlight has demonstrated its ability to mobilize substantial financial resources to support its expansion plans.
Raiffeisen Bank’s support for this project testifies to the financial partners’ confidence in Enlight’s strategy and its ability to successfully complete large-scale projects.
Expansion strategy in Central Europe
The commissioning of the Tapolca project is part of Enlight’s wider strategy to strengthen its presence in Central Europe.
The company is pursuing its development by focusing on markets where conditions are favorable for increasing solar energy production.
This strategy enables Enlight to diversify its assets while ensuring optimized management of its resources.
Enlight’s ability to execute complex projects in diverse environments demonstrates its expertise and market leadership.
Tapolca’s success is a reflection of rigorous planning and efficient implementation, essential factors in an industry where technical and financial demands are high.
Enlight continues to strengthen its position in the European energy market, with ongoing projects and strategic investments that should consolidate its presence and increase production capacity in the coming years.
