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Wolf Theiss Advises PolSolar on 250-Megawatt Solar Plant Development in Hungary

Wolf Theiss Advises PolSolar on 250-Megawatt Solar Plant Development in Hungary

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Wolf Theiss has advised a group of investors represented by PolSolar on the engineering, procurement, and construction of a 250-megawatt solar power plant in Mezocsat, Hungary.

According to Wolf Theiss, “the solar power plant boasts an installed rated capacity of 250 megawatts and was officially handed over on June 6, in Mezocsat, Hungary, marking a significant milestone in the country's transition towards clean energy. This new solar power plant has already undergone rigorous production tests and has been seamlessly integrated into the Hungarian electricity grid. Consequently, solar power generation and electricity export figures have already experienced a notable boost.”

According to the firm, “the Mezocsat solar power plant accounts for 8% of the total electricity generated by solar power plants in Hungary. The new plant spans a vast area of 440 hectares, featuring an astounding 466,000 solar panels, 80 medium-voltage transformer stations, and an intricate network of 1,000 kilometers of cables. The power plant can produce 372 gigawatt-hours of electricity annually; which amounts to enough clean energy to meet the energy needs of the nearby city of Debrecen, home to a population of 200,000, for half a year. The investment of over HUF 90 billion (approximately EUR 245 million) highlights the commitment of both private and public entities to the expansion of renewable energy sources. The expected lifespan of the investment is projected to be a minimum of 15 years, ensuring a long-lasting positive impact on Hungary's renewable energy sector.”

The Wolf Theiss team included Partner Laszlo Kenyeres and Associate Adam Lukonits.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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