MVM Zöld Generáció Kft.

What MVM Zöld Generáció Kft. does

MVM Zöld Generáció Zrt. (formerly MVM Zöld Generáció Kft., converted 2024-01-01) is a Hungarian renewable energy operator and a wholly-owned production subsidiary of MVM Group, the country's largest energy conglomerate. The company develops and operates photovoltaic (solar) power plants and grid-scale battery storage assets across Hungary, with named project sites in Kecskemét, Debrecen, Kunmadaras-1 and -2, Szeged-1 and -2, Felsőzsolca, Sopronkővesd, and across the ELMŰ-ÉMÁSZ, DÉDÁSZ, ÉDÁSZ, DÉMÁSZ, and TITÁSZ distribution territories. Project capacities range from 0.5 MW to over 4 MW per installation, with the portfolio built largely on KEHOP (Hungary's Climate and Energy Operational Programme) and RRF (EU Recovery and Resilience Facility) public funding.

The core technology is conventional crystalline-silicon PV generation with grid interconnection, supplemented by network-scale lithium battery storage. The company does not manufacture panels or inverters; its value-add is project development, EPC oversight, asset operation, and feed-in to MVM's distribution and trading subsidiaries. The product portfolio comprises three categories: solar power plants (napelemes erőmű), photovoltaic power plants (fotovoltaikus erőmű) of varying capacity, and network energy storage (hálózati energiatároló).

Commercially, the entity is a B2B energy producer operating a sales-led model that supplies electricity to MVM Group's internal grid operators and energy traders (MVM Démász, MVM Égáz-Dégáz, MVM Émász, MVM Főgáz, MVM Watt Eta) and, in principle, to large industrial consumers seeking renewable energy for ESG compliance. Pricing operates via negotiated contracts and regulated tariffs typical of the utility sector. The company is small by headcount (11 employees) and is positioned primarily as a captive renewables vehicle within the MVM ecosystem rather than as an independent merchant IPP.

Name

MVM Zöld Generáció Kft.

Legal name

MVM Zöld Generáció Zrt.

Website

https://hungarowind.hu

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

MVM Zöld Generáció Zrt. is a Hungarian photovoltaic and grid-scale battery storage operator, wholly owned by MVM Group, developing and running 0.5–4 MW+ solar projects across Hungary under KEHOP and RRF public funding, feeding electricity into MVM's captive distribution and trading subsidiaries.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro industry

PRIMARYEUACAGAH

Operations, Maintenance & Asset Management (O&M, Vegetation, Spares, SCADA)

Energy, Utilities & Environment/Electric Power Generation/Solar Power Generation (Utility-Scale PV & CSP)

SECONDARYEUAMAJAD

Distributed Generation (DG) Solar & Small Wind

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Distributed Energy Resources & Community Renewables (Community Solar, Microgrids)

SECONDARYEUAMAJAE

Distributed Storage (Behind-the-Meter Batteries)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Distributed Energy Resources & Community Renewables (Community Solar, Microgrids)

SECONDARYEUAEADAB

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

Keywords

• Solar power generation
• Photovoltaic energy
• Renewable energy projects
• Grid-scale energy storage
• Utility-scale solar development

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Electricity Generation and Sales: MVM Zöld Generáció generates electricity through photovoltaic power plants and sells it to the energy grid, energy traders, and large industrial consumers. Revenue is derived from electricity production and feed-in to the Hungarian energy network.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

MVM Zöld Generáció develops, owns, and operates utility-scale photovoltaic (solar) power plants and grid-scale battery energy storage systems across Hungary. Electricity generated from its PV portfolio — including installations in Kecskemét, Debrecen, Kunmadaras, Szeged, Felsőzsolca, and across ELMŰ-ÉMÁSZ, DÉDÁSZ, ÉDÁSZ, DÉMÁSZ, and TITÁSZ network territories — is fed into the Hungarian grid and sold to MVM Group network operators, energy traders, and large industrial consumers. Projects are co-financed by the Hungarian KEHOP programme and the EU Recovery and Resilience Facility (RRF).

Product overview

MVM Zöld Generáció Zrt. (formerly MVM Zöld Generáció Kft.) is a renewable energy company specializing in solar power generation and energy storage solutions. The company operates a portfolio of photovoltaic (solar) power plants across Hungary and implements grid-scale energy storage projects. The product portfolio centers on three core offerings: (1) Solar power plants (napelemes erőmű), (2) Photovoltaic power plants (fotovoltaikus erőmű) of various capacities from 0.5 MW to over 4 MW installed across multiple Hungarian locations, and (3) Network energy storage systems (hálózati energiatároló) for grid stabilization and renewable energy integration. The company реализует projects funded by KEHOP (Climate Change and Energy Efficiency Program) and RRF (Recovery and Resilience Facility).

Differentiator

Problem solved

Functional benefit

Products and services

• Solar power plants (Napelemes erőmű) Utility-scale photovoltaic power generation facilities that convert sunlight into electricity and feed it into the Hungarian grid; targeted at grid operators, energy traders, and large industrial buyers as a wholesale renewable electricity product.
• Photovoltaic power plants, 4 MW+ class (Fotovoltaikus erőmű) Higher-capacity (>4 MW) grid-connected photovoltaic power plants for wholesale renewable electricity supply to the Hungarian grid; intended for the same MVM Group network operators and energy traders as the smaller 0.5 MW class.
• Grid-scale battery energy storage (Hálózati energiatároló) Grid-scale battery energy storage system deployed to store excess renewable electricity and provide grid-stabilization services; sold to grid operators and the MVM network for ancillary services and renewable integration.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• MVM Zöld Generáció Zrt.coreOthers · 1 January 2024MVM Zöld Generáció Kft. underwent legal transformation on January 1, 2024, becoming MVM Zöld Generáció Zrt. (Zrt. = Zártkörűen működő Részvénytársaság, a closed joint-stock company). The company registration number changed to 01-10-142594 and tax number to 32431902-2-44. This is the same legal entity under a new organizational form.
• MVM GroupcoreStrategic or Co-development PartnerMVM Zöld Generáció is a subsidiary member of the MVM Group, Hungary's largest energy conglomerate. The company operates within the MVM ecosystem which includes production (nuclear, gas, hydro, solar), storage, networks, retail, wholesale, and system operations divisions.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Enel Green Power: Global renewable IPP with significant solar generation portfolio across Europe. Comparable as a large-scale solar operator with utility-scale plant management capabilities, though much larger and geographically diversified.

Direct peers

• Encavis AG: European IPP operating a portfolio of solar and wind power plants across multiple countries. Comparable as a pure-play solar/wind operator focused on long-term generation asset ownership and operation.
• Rába Energiaszolgáltató Kft. Another MVM Group subsidiary engaged in energy supply activities. Comparable as a sister entity within the MVM Group's energy production division.
• MVM Mátra Energia Zrt. Sibling MVM Group subsidiary producing electricity from coal/biomass. Comparable as an in-group generation asset within MVM's portfolio, though fuel mix differs from solar.
• BayWa r.e. Global renewable energy developer and IPP with European solar operations. Comparable as a project developer owning and operating utility-scale PV plants similar to MVM Zöld Generáció's portfolio.
• PNE AG: German-listed renewable energy developer and operator with solar and wind projects across Europe. Comparable as a project developer and IPP focused on European solar generation.
• ALTEO Nyrt. Hungarian-listed energy company operating renewable (solar, wind, hydro) and combined heat and power assets in Hungary. Direct comparable as a domestic renewable IPP selling into the Hungarian grid and industrial consumers.
• MVM Vízerőmű Kft. Sibling MVM Group subsidiary operating hydroelectric plants in Hungary. Comparable as another in-group renewable generation entity under the same corporate parent.

Others

• MAVIR Magyar Villamosenergia-ipari Átviteli Rendszerirányító ZRt. Hungarian transmission system operator within MVM Group ecosystem. Comparable as the grid-side counterpart that MVM Zöld Generáció's generation assets feed into for balancing and dispatch.

Regional players

• Greentech Hungary: Hungarian solar EPC and developer focused on utility-scale PV projects. Comparable as a domestic peer developing and constructing solar plants in the Hungarian market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/mvm-z%C3%B6ld-gener%C3%A1ci%C3%B3-kft.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MVM Zöld Generáció Kft.