GoldenPeaks Capital and Hankook Sign Landmark PPA in Hungary

Budapest, 23 February 2026 — GoldenPeaks Capital (GPC), a leading independent renewable energy producer in Europe, has secured a notable Pay-as-Nominated Power Purchase Agreement (PPA) with Hankook Tire & Technology Co., Ltd., a premium tire manufacturer. This agreement is a significant advancement in Hungary’s renewable energy sourcing and industrial decarbonization, marking GPC's largest PPA deal in the country.

The 10-year agreement involves supplying 430 GWh of electricity, equal to the power needs of around 28,700 citizens, thus reducing approximately 10,107 metric tons of CO2 annually. This aligns with Hankook's sustainability goals and strengthens its role in responsible manufacturing. World Kinect Energy supported Hankook in this process.

GPC's founder, Daniel Tain, emphasized the PPA as a milestone in Hungary’s clean energy future. GoldenPeaks Capital aims to expand its renewable impact in Eastern Europe, supporting sustainability objectives with high-quality PPA structures.