Andersen Legal has advised Solar Markt on a long-term strategic agreement with investor Hiventures. Moore Legal Kovacs advised Hiventures.
According to Andersen Legal, “the Hiventures Capital Fund, already active in domestic energy projects, announced its support – via a long-term strategic agreement with a HUF 4.5 billion budget – of Solar Markt’s preparing, planning, and grid connection activities, of which the main aim is for Solar Markt to develop renewable power plants in a way that meets the green power needs of corporate consumers through direct long-term power purchase agreements.”
“As part of the cooperation, two solar power parks with a peak capacity of 50-50 megawatts are being prepared in Eastern Hungary,” Andersen Legal informed. “The 200-hectare investment will be followed by the preparation of three additional high-capacity facilities, through which the portfolio of Solar Markt, which is active in investments related to green energy, can reach a solar power plant capacity of more than 250 megawatts.”
Andersen Legal’s team included Managing Partner Peter Vincze, Partners Szilvia Fehervari and Balazs Dominek, and Attorney at Law Dorottya Rebeka Tarba.
Moore Legal’s team included Partner Marton Kovacs, Senior Attorneys Aron Kanti and Balint Juhasz, and Junior Attorney Andras Zsirai.