ETIC Partners, on behalf of its fund Energy Transition Europe II, has completed its fourth investment in Hungary, financing a portfolio of two photovoltaic plants with a total capacity of 58 MWp. ETIC provided €6.5 million in junior debt to refinance the equity of ID Energy Group. The plants, which became operational in 2025, are expected to generate approximately 80 GWh of electricity annually and avoid over 11,000 tons of CO2-equivalent emissions each year.

One of the plants benefits from a long-term incentive contract under Hungary’s “METAR” scheme, while the other has entered into a long-term power purchase agreement (PPA) with the local subsidiary of Holcim, a global leader in sustainable construction with net sales of CHF 16.2 billion in 2024. Under this PPA, the plant will supply Holcim with renewable electricity at a fixed price for 15 years through a physical connection, marking one of the first and largest PPAs successfully completed in Hungary.

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