GoldenPeaks Capital Secures Historic PPA Deal in Hungary with Faerch Group

Budapest, July 9th, 2024 - GoldenPeaks Capital (GPC), a prominent independent green energy producer in Europe, has achieved one of the largest Power Purchase Agreement (PPA) deals in Hungary. The agreement was signed with Faerch Group, a top supplier of circular food packaging. The deal was facilitated by LevelTen Energy and Reel.

The 12-year PPA will generate 15 GWh of green electricity annually, totaling approximately 180 GWh over its duration. This agreement will save around 3,900 metric tons of CO2 emissions each year, equivalent to the annual CO2 emissions of roughly 10,000 EU households.

Faerch Group views this PPA as a significant milestone in its Renewable Energy Strategy, enhancing its sustainability efforts. Reel and LevelTen Energy have also expressed their support and pride in facilitating this landmark deal.

GoldenPeaks Capital has been rapidly expanding its portfolio of PPAs in Eastern Europe. The company aims to assist Hungarian businesses in transitioning to green energy and achieving their sustainability goals.