PolSolar raised funds for solar projects in Hungary – Hungary, 21 April 2022

PolSolar has raised 188 million euros from the sale of a security issued in the framework of the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary.

PolSolar had offered 174 million euros of the 15-year bonds. Bids reached over 190 million euros. The average yield was 7 %, 71 basis points over mid-swaps.

Scope Ratings assigned the issue a B+ rating, the threshold for BGS participation.


Scope Ratings said PolSolar plans to use the proceeds to build five solar power plants in northeast Hungary with a combined installed capacity of 233.5 MW. The solar power plants must be commissioned by the end of 2023 in order to be eligible for the full tariff available in Hungary’s support scheme.

Two Hungarian private equity funds, Voyager Private Equity Fund and Central European Opportunity Private Equity Fund, are sponsoring the project and have put up 25 % of total investment costs.

Scope Ratings said that the Hungarian National Bank will subscribe the 15-year bond, while commercial investors will subscribe a second issue, up to 20 million euros, that will take place by the end of June 2022.

Subscription fee: 990 EUR annually (pdf newsletters, excel data, online news database – company licensed

Tags: , , , ,

"Energy NEWS" service, HUPX forecasts (Day ahead, Week ahead, Month ahead), Country Reports on Energy Business


Balkan Energy NEWS service exists for over 10 years, and during that period, we earned trust of major European utilities, generators, traders and investment banks. We do not preserve good quality of service – we are constantly improving it, in order to always be one step ahead, and justify trust of our customers with quality.  Our trademark service is "Energy NEWS service", created as a response to expansion of energy market in South East Europe, with a goal to provide current and future market players with data and information for investments in energy sector and electricity trade.

Through our products, we cover countries of South East Europe: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, Hungary, FYR Macedonia, Montenegro, Romania, Serbia, Slovenia and Turkey. We also publish news articles from Middle East, Eastern and Central Europe, when of influence to SEE

Balkan Energy products:


"Energy NEWS" service

  • PDF: SEE+Hungary Energy Daily: published 3 times per week (45-50 pages per edition)
  • PDF: Balkan Energy NEWS publication: published 2 times per month (90-110 pages per edition) + excel files<
  • Web portal: Database access to all published news articles, with date/country filters and search by keyword (+200 EUR annually on PDF subscription price)
  • In addition to being most complete and most affordable energy service for SEE, it is also company licensed with unlimited number of users.


    Month ahead forecast: HUPX and SEE Trading Tool

    Month-ahead report on HUPX price forecast, containing daily HUPX base price forecast, info on maintenance of generation units and many other useful information for electricity trading  in Hungary and SEE.


    Country Reports on Energy Business - All need-to-know energy info in one report!

    Country reports provide comprehensive overview of electricity sector for countries of South Eastern Europe. At the moment we have available up-to-date country reports for Bulgaria, Romania, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Serbia and FYR Macedonia.

    For each country, our reports give description and data on:

  • General description of the electricity market
  • Consumption, production and export characteristics
  • Actualities – hot topics
  • Market liberalizations, electricity prices and tariffs
  • Key market players
  • Legislation and electricity market opening
  • Potentials for investments in power generation
  • Analyses of seasonal export/import trends
  • Detailed analysis of Cross Border Capacities
  • Country reports are updated every three months. For each ordered report, you will receive updates during one year period, free of charge. For ordering all of the reports together, additional discount can be applied.