MOL quadruples its photovoltaic portfolio with acquisition of 304 MW capacity in Mezőcsát, Hungary

MOL Plc. (“MOL”) hereby notifies the capital markets of the following:

MOL today entered into a sale and purchase agreement to acquire Polsolar Kft, holding 5 fully operational solar farms near Mezőcsát in Eastern Hungary.

The 5 solar farms have a combined capacity of 304 MWp and altogether generate sufficient electricity to supply approximately 170 thousand Hungarian households.

The assets are operated under the “KÁT” feed-in tariff system in Hungary, with KÁT licenses in place until 2048.

The project has already proven its ability to generate ca. USD 38 mn EBITDA per annum.  

Dr. György Bacsa, Group Chief Strategic Officer commented: “The acquisition of the photovoltaic park in Mezőcsát almost quadruples the Group’s solar capacity and thus represents an important milestone in our ambition to grow our footprint in renewables. It is well-aligned with MOL’s strategic ‘smart transition’ approach as it supports our low-carbon agenda while it is also value accretive for our shareholders from day one.”

The Enterprise Value of the transaction amounts to ca. HUF 118 bn (USD 355 mn). Net debt and other adjustments result in HUF 64 bn (USD 193 mn) cash payment to the seller (for the shares and shareholder loan of Polsolar Kft. combined), assuming year-end closing. MOL estimates an internal rate of return of ca. 10 percent for the acquisition.

The transaction is expected to close in the first quarter of 2026, subject to regulatory approval.