Feb 23, 2026 (MarketLine via COMTEX) --
Hankook Tire & Technology has signed a long-term Pay-as-Nominated power purchase agreement with GoldenPeaks Capital to source renewable energy.
Hankook Tire & Technology (Hankook Tire), a leading global tire company under Hankook & Company Group (Chairman Hyunbum Cho), has signed a long term Pay as Nominated Power Purchase Agreement (PPA) with GoldenPeaks Capital (GPC), one of Europe's fastest growing independent producers of renewable energy. This agreement represents a significant step in strengthening renewable energy sourcing and decarbonising Hungary's industrial sector. This is GoldenPeaks Capital's largest PPA deal in Hungary so far.
Under the 10-year agreement, GoldenPeaks Capital will supply 430 GWh of electricity in total. This is enough clean energy to provide electricity to an estimated 28,700 citizens and save around 10,107 metric tons of CO2 annually. The PPA for 30 MWp of photovoltaic capacity in Hungary supports Hankook Tire's ongoing sustainability roadmap, contributing to the company's global CO2 reduction targets, and reinforcing its leadership in responsible manufacturing.
Hankook Tire, known worldwide for its high-performance tires and innovative material technologies, continues to expand its environmental initiatives, including long term renewable procurement strategies at its production facilities. World Kinect provided advisory support to Hankook Tire throughout the PPA process.
Daniel Tain, Founder and President of GoldenPeaks Capital, said: "This PPA reflects another milestone within our full commitment to shape Hungary's clean energy future. It also highlights our capability to deliver innovative and tailored renewable energy solutions, enabling industrial off takers to enhance energy budget certainty while accelerating their transition to green electricity."
GoldenPeaks Capital remains committed to expanding its renewable energy presence across Central and Eastern Europe and supporting leading manufacturers, such as Hankook Tire, in meeting their sustainability objectives with high quality, scalable, and reliable PPA structures.
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COMTEX_477426087/2227/2026-04-17T09:44:51
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