GoldenPeaks Capital Signs 10-Year Pay-As-Nominated PPA To Supply 430 GWh Of Clean Power To Hankook Tire, Supporting 30 MWp Of Solar Capacity In Hungary

GoldenPeaks Capital (GPC), one of Europe’s fastest-growing independent renewable energy producers, has signed a long-term Pay-as-Nominated Power Purchase Agreement (PPA) with Hankook Tire & Technology Co., Ltd., the well-known Korean premium tire manufacturer and a global leader in advanced mobility solutions.

The 10-year agreement covers the supply of a total of 430 GWh of clean electricity. This amount of renewable power is enough to meet the annual electricity needs of approximately 28,700 people and is expected to reduce carbon emissions by around 10,107 metric tons per year. The PPA supports 30 MWp of photovoltaic capacity in Hungary and strengthens Hankook’s wider sustainability roadmap by helping the company make progress toward its global CO₂ reduction goals while reinforcing its leadership in environmentally responsible manufacturing.

Hankook, recognized worldwide for its high-performance tires and materials innovation, has been expanding its sustainability commitments through long-term renewable energy procurement strategies at its production facilities. During this agreement process, World Kinect Energy acted as an advisor, supporting Hankook in structuring and finalizing the PPA.

Daniel Tain, Founder and President of GoldenPeaks Capital, emphasized the importance of the partnership, calling it another key milestone in their mission to drive Hungary’s clean-energy transition. He noted that the agreement showcases GoldenPeaks Capital’s ability to provide advanced, customized renewable energy solutions that help industrial buyers improve cost stability while accelerating their shift toward green electricity.

Moving forward, GoldenPeaks Capital remains focused on expanding its renewable energy footprint across Central and Eastern Europe. The company aims to support leading manufacturers like Hankook in reaching their sustainability targets through high-quality, scalable, and dependable PPA models that deliver both environmental and long-term energy performance benefits.