E.ON to Build Solar Park Next to Bosch Factory

Under a recently signed contract, the electricity company E.ON will build a 4.6 MW small-scale solar power plant next to Bosch's factory in Hatvan, east of Budapest, strengthening both companies' commitment to sustainability.

Robert Bosch Elektronika Ltd. of Hatvan and E.ON have signed a Memorandum of Understanding under which the E.ON Hungária Group will build and operate a solar farm directly adjacent to the Bosch site at its own expense, supplying Bosch's Hatvan factory with locally produced green electricity. The aim is for Bosch to increase the share of renewable energy in its energy use and reduce the amount of energy it purchases from the public grid.

The 20-year Power Purchase Agreement/PPA contract was signed in August 2023 and will see the 4.76 MWp solar power plant supply Bosch's Hatvan site with around 5,500,000 kWh of green electricity per year.

E.ON has taken on the technical risks associated with the project and the task and costs of acquiring the land required for the installation, as well as the entire planning, permitting, construction, operation and maintenance as part of its integrated energy service for the entire duration of the contract.

The power plant will be connected to Bosch's internal electricity grid via a private line and will be entirely on Bosch's site. The company will thus be able to cover part of its own consumption with energy from local and green sources at a predictable price, fixed in advance for the entire duration of the contract, and significantly lower than the energy prices of recent years.