- MOL acquires Polsolar Kft, adding 304 MWp from 5 solar farms in Hungary.
- The transaction is valued at HUF 118 bn (USD 355 mn) with a cash payment of HUF 64 bn (USD 193 mn).
- The solar farms operate under Hungary's KÁT system with licenses valid until 2048.
- The deal is expected to close in Q1 2026, pending regulatory approval.
Acquisition Details
MOL has signed a sale and purchase agreement to acquire Polsolar Kft, which owns five operational solar farms near Mezőcsát, Eastern Hungary. The acquisition adds a combined capacity of 304 MWp to MOL's portfolio.
Financial Aspects
The enterprise value of the transaction is approximately HUF 118 billion (USD 355 million). After net debt and other adjustments, the cash payment to the seller is HUF 64 billion (USD 193 million), covering the shares and shareholder loan of Polsolar Kft.
Operational and Regulatory Framework
The solar farms operate under Hungary's KÁT feed-in tariff system, with licenses valid until 2048. The project has demonstrated an ability to generate around USD 38 million EBITDA annually.
Timeline and Expectations
The transaction is expected to close in the first quarter of 2026, subject to regulatory approval. MOL anticipates an internal rate of return of approximately 10 percent from this acquisition.
