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ETIC Partners' Energy Transition Europe II has invested €6.5 million in junior debt to finance a 58 MWp solar portfolio in Hungary, operational by 2025. The two plants will generate about 80 GWh annually and reduce CO2 emissions by over 11,000 tons.

One plant has a long-term PPA with Holcim while the other benefits from Hungary's METAR scheme. ID Energy Group, the equity partner, has a 6.5 GW project pipeline and is transitioning to an independent power producer model. Hungary aims for 30% renewable energy by 2030, driven primarily by photovoltaic power, which is projected to grow from 6.8 GW to nearly 12 GW.