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09.07.2024 07:00:50 - dpa-AFX: EQS-News: GoldenPeaks Capital secures one of the largest PPA deals in Hungary with Faerch Group (english)
GoldenPeaks Capital secures one of the largest PPA deals in Hungary with
Faerch Group
GoldenPeaks Capital Holding Ltd. / Key word(s): Contract
GoldenPeaks Capital secures one of the largest PPA deals in Hungary with
Faerch Group
09.07.2024 / 07:00 CET/CEST
---------------------------------------------------------------------------
Budapest, July 9th, 2024 - GoldenPeaks Capital ("GPC"), one of the fastest
growing independent producers of green energy in Europe, has successfully
secured one of the largest PPA deals ever signed in Hungary. The deal was
signed with Faerch Group, a leading supplier of circular, multi-purpose food
packaging and was supported by LevelTen Energy and Reel.
GoldenPeaks Capital Chairman and Founder Adriano Agosti said: "This step
marks a milestone within our leadership of building and empowering renewable
energy in Eastern Europe. After innumerous successfully implemented projects
in Eastern Europe, this is not only the largest one for GoldenPeaks in
Hungary, but also one of the largest in the country's history."
The 12-year physical pay-as-produced PPA, has an expected production of 15
GWh/year, which totals to around 180 GWh of green electricity over the
duration of the agreement.
As an example of the effectivity, the 15 GWh/year sum up to around 3,900
metric tons of CO2 saved annually through the PPA, which is an equivalent to
offsetting the annual CO2 emissions of around 10'000 EU citizens' household
electricity consumption.
Faerch Group is a leading supplier of circular, multi-purpose food packaging
with integrated recycling capability. The deal was closed for a physical PPA
supported by LevelTen Energy, operator of the world's largest PPA
marketplace, and Reel, a next-generation electricity supplier.
Tom Sand-Kristensen, Group CFO at Faerch Group stated: "Faerch Group is
proud to work with GoldenPeaks Capital, LevelTen Energy, and Reel on this
deal since this 15GWh/year, 12-year sleeved solar PPA will provide reliable,
cost-effective renewable energy directly to Faerch sites in Hungary and it's
another significant milestone in our Renewable Energy Strategy that seeks to
close all our sites with additional renewable energy via PPAs".
Anders Engtoft Meldgaard, CCO and co-founder of Reel said: "We're proud to
have supported Faerch in closing this first of its kind PPA in Hungary. This
deal is perfectly aligned with Reel's mission of creating a new way for
companies to buy electricity that accelerates the renewable energy
transition".
Flemming Sørensen, Vice President of Europe at LevelTen Energy said:
"LevelTen Energy is proud to lend our expertise to this landmark deal and we
are pleased that LevelTen's Energy Marketplace was able to connect these
industry-leading companies and enable them to sign a PPA in a growing market
and a very competitive environment. We look forward to continuing to support
its advancement alongside our friends at Faerch Group, GoldenPeaks, and
Reel."
In the recent months GoldenPeaks Capital has successfully entered into
multiple Power Purchase Agreements (PPAs) with major companies in Eastern
Europe, such as Google, Reckitt, and Mondelz International among many
others, helping these companies to achieve their carbon reduction targets by
providing renewable energy and asset-bundled green certificates.
GoldenPeaks Capital is even stronger committed to also assist in the
decarbonization efforts of Hungarian companies, helping them to achieve the
transition to green energy sources and materially contributing to their
sustainability goals. The company has ambitious plans to expand in the
country, bringing competitive, flexible, efficient, and customer-oriented
solutions to the market.
GoldenPeaks Capital has been recently awarded for its green commitment,
receiving the highest sustainability quality score (SQS1) from Moody's for
their green bond framework.
About LevelTen Energy
LevelTen Energy delivers the marketplaces, software, automated analytics,
and expertise required to accelerate clean energy transactions. The LevelTen
Platform is the world's largest online hub for renewable energy buyers,
sellers, advisors, asset owners and financiers. The Platform includes the
LevelTen Energy Marketplace, which delivers access to thousands of power
purchase agreement price offers spanning 28 countries in North America and
Europe. It also includes the LevelTen Asset Marketplace, which brings
together over 850 renewable energy project developers and owners, and
delivers the online tools and expertise they need to buy, sell and finance
assets in North America and Europe. Together, LevelTen and its partners
share #OneGoal to accelerate the energy transition. Visit LevelTenEnergy.com
to learn more.
About GoldenPeaks Capital
GoldenPeaks Capital, is a company specializing in the construction and
operation of solar systems and one of the largest photovoltaic system owners
in Poland and Hungary. GoldenPeaks Capital will further increase the pace of
shaping the industry of renewable energies in Eastern Europe by applying the
seamless integration of all sectors of GPC, such as project development &
engineering, financing & structuring, supply chain management, construction
& commissioning, asset operations, and commercial & energy sales among
others, ensuring an invaluable alignment of methodologies, ethics and goals.
The company is a leading owner of photovoltaic capacities across Central and
Eastern Europe and has recently expanded into Hungary with major solar
projects under development.
www.goldenpeakscapital.com
Media queries:
GoldenPeaks Capital
Siro Barino
E-Mail: media@goldenpeakscapital.com
Disclaimer Golden Peaks Capital:
This press release was produced by and the opinions expressed are those of
GoldenPeaks Capital as of the date of writing and are subject to change. It
has been prepared solely for information purposes. Any reference to past
performance is not necessarily a guide to the future. To the extent there
are any forward-looking statements, these statements are based on the
company's current expectations and projections regarding its business,
operations and other factors relating thereto. Actual results may differ
materially from those in the forward-looking statements as a result of a
number of factors. The information and analysis contained in this
publication have been compiled or arrived at from sources believed to be
reliable but GoldenPeaks Capital does not make any representation as to
their accuracy or completeness and does not accept liability for any loss
arising from the use hereof.looking statements as a result of a number of
factors. The information and analysis contained in this publication have
been compiled or arrived at from sources believed to be reliable but
GoldenPeaks Capital does not make any representation as to their accuracy or
completeness and does not accept liability for any loss arising from the use
hereof.
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End of Media Release
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End of News EQS News Service
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1941761 09.07.2024 CET/CEST
Faerch Group
GoldenPeaks Capital Holding Ltd. / Key word(s): Contract
GoldenPeaks Capital secures one of the largest PPA deals in Hungary with
Faerch Group
09.07.2024 / 07:00 CET/CEST
---------------------------------------------------------------------------
Budapest, July 9th, 2024 - GoldenPeaks Capital ("GPC"), one of the fastest
growing independent producers of green energy in Europe, has successfully
secured one of the largest PPA deals ever signed in Hungary. The deal was
signed with Faerch Group, a leading supplier of circular, multi-purpose food
packaging and was supported by LevelTen Energy and Reel.
GoldenPeaks Capital Chairman and Founder Adriano Agosti said: "This step
marks a milestone within our leadership of building and empowering renewable
energy in Eastern Europe. After innumerous successfully implemented projects
in Eastern Europe, this is not only the largest one for GoldenPeaks in
Hungary, but also one of the largest in the country's history."
The 12-year physical pay-as-produced PPA, has an expected production of 15
GWh/year, which totals to around 180 GWh of green electricity over the
duration of the agreement.
As an example of the effectivity, the 15 GWh/year sum up to around 3,900
metric tons of CO2 saved annually through the PPA, which is an equivalent to
offsetting the annual CO2 emissions of around 10'000 EU citizens' household
electricity consumption.
Faerch Group is a leading supplier of circular, multi-purpose food packaging
with integrated recycling capability. The deal was closed for a physical PPA
supported by LevelTen Energy, operator of the world's largest PPA
marketplace, and Reel, a next-generation electricity supplier.
Tom Sand-Kristensen, Group CFO at Faerch Group stated: "Faerch Group is
proud to work with GoldenPeaks Capital, LevelTen Energy, and Reel on this
deal since this 15GWh/year, 12-year sleeved solar PPA will provide reliable,
cost-effective renewable energy directly to Faerch sites in Hungary and it's
another significant milestone in our Renewable Energy Strategy that seeks to
close all our sites with additional renewable energy via PPAs".
Anders Engtoft Meldgaard, CCO and co-founder of Reel said: "We're proud to
have supported Faerch in closing this first of its kind PPA in Hungary. This
deal is perfectly aligned with Reel's mission of creating a new way for
companies to buy electricity that accelerates the renewable energy
transition".
Flemming Sørensen, Vice President of Europe at LevelTen Energy said:
"LevelTen Energy is proud to lend our expertise to this landmark deal and we
are pleased that LevelTen's Energy Marketplace was able to connect these
industry-leading companies and enable them to sign a PPA in a growing market
and a very competitive environment. We look forward to continuing to support
its advancement alongside our friends at Faerch Group, GoldenPeaks, and
Reel."
In the recent months GoldenPeaks Capital has successfully entered into
multiple Power Purchase Agreements (PPAs) with major companies in Eastern
Europe, such as Google, Reckitt, and Mondelz International among many
others, helping these companies to achieve their carbon reduction targets by
providing renewable energy and asset-bundled green certificates.
GoldenPeaks Capital is even stronger committed to also assist in the
decarbonization efforts of Hungarian companies, helping them to achieve the
transition to green energy sources and materially contributing to their
sustainability goals. The company has ambitious plans to expand in the
country, bringing competitive, flexible, efficient, and customer-oriented
solutions to the market.
GoldenPeaks Capital has been recently awarded for its green commitment,
receiving the highest sustainability quality score (SQS1) from Moody's for
their green bond framework.
About LevelTen Energy
LevelTen Energy delivers the marketplaces, software, automated analytics,
and expertise required to accelerate clean energy transactions. The LevelTen
Platform is the world's largest online hub for renewable energy buyers,
sellers, advisors, asset owners and financiers. The Platform includes the
LevelTen Energy Marketplace, which delivers access to thousands of power
purchase agreement price offers spanning 28 countries in North America and
Europe. It also includes the LevelTen Asset Marketplace, which brings
together over 850 renewable energy project developers and owners, and
delivers the online tools and expertise they need to buy, sell and finance
assets in North America and Europe. Together, LevelTen and its partners
share #OneGoal to accelerate the energy transition. Visit LevelTenEnergy.com
to learn more.
About GoldenPeaks Capital
GoldenPeaks Capital, is a company specializing in the construction and
operation of solar systems and one of the largest photovoltaic system owners
in Poland and Hungary. GoldenPeaks Capital will further increase the pace of
shaping the industry of renewable energies in Eastern Europe by applying the
seamless integration of all sectors of GPC, such as project development &
engineering, financing & structuring, supply chain management, construction
& commissioning, asset operations, and commercial & energy sales among
others, ensuring an invaluable alignment of methodologies, ethics and goals.
The company is a leading owner of photovoltaic capacities across Central and
Eastern Europe and has recently expanded into Hungary with major solar
projects under development.
www.goldenpeakscapital.com
Media queries:
GoldenPeaks Capital
Siro Barino
E-Mail: media@goldenpeakscapital.com
Disclaimer Golden Peaks Capital:
This press release was produced by and the opinions expressed are those of
GoldenPeaks Capital as of the date of writing and are subject to change. It
has been prepared solely for information purposes. Any reference to past
performance is not necessarily a guide to the future. To the extent there
are any forward-looking statements, these statements are based on the
company's current expectations and projections regarding its business,
operations and other factors relating thereto. Actual results may differ
materially from those in the forward-looking statements as a result of a
number of factors. The information and analysis contained in this
publication have been compiled or arrived at from sources believed to be
reliable but GoldenPeaks Capital does not make any representation as to
their accuracy or completeness and does not accept liability for any loss
arising from the use hereof.looking statements as a result of a number of
factors. The information and analysis contained in this publication have
been compiled or arrived at from sources believed to be reliable but
GoldenPeaks Capital does not make any representation as to their accuracy or
completeness and does not accept liability for any loss arising from the use
hereof.
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End of Media Release
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Language: English
Company: GoldenPeaks Capital Holding Ltd.
260, Trin San Alber
1150 Gzira
Malta
Phone: +41 41 444 10 10
E-mail: info@goldenpeakscapital.com
Internet: www.goldenpeakscapital.com
EQS News ID: 1941761
End of News EQS News Service
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1941761 09.07.2024 CET/CEST
