Enery Development has significantly increased its solar capacity in Slovakia by acquiring a landmark 34.6 MW portfolio from ContourGlobal and EIP. This move, the largest of its kind for operational PV assets in the country, strengthens Enery’s position in the Slovak market and marks a key step in the nation’s renewable energy expansion.
Growth of Solar Capacity in Slovakia solar acquisition
Enery Development, an Austrian renewable energy company, has made a substantial addition to its solar capacity in Slovakia. The company recently finalized the acquisition of a 34.6 MW solar portfolio from ContourGlobal and its partner, EIP. This transaction is not just a win for Enery but marks the largest operational photovoltaic asset acquisition in Slovakia to date.
This deal is part of a broader trend of consolidation and growth in Central and Eastern Europe’s renewable energy sector. It follows a previous significant investment by Enery in the country. In 2022, Enery purchased Slovakia’s second-largest solar plant from ContourGlobal, a 35 MW project situated near the town of Nováky. This latest acquisition is a substantial addition to Slovakia’s total installed solar capacity, which has been steadily growing as the country pushes for a greener energy mix. In fact, Slovakia recently added 0.4 GW of new solar capacity, highlighting a regional commitment to renewable sources.
The new portfolio adds to Enery’s growing footprint in the Slovak market and across the region. This expansion is part of a broader trend in Slovakia, where renewable energy is becoming increasingly important for energy security and meeting climate goals.
Enery’s Broader Expansion Strategy with Slovakia solar acquisition
Beyond Slovakia, Enery is making significant strides in other European markets. The company recently acquired a 60 MW solar portfolio in the Czech Republic from the German renewables developer Sunfarming. This portfolio includes 31 operational solar plants, all eligible for feed-in tariffs (FITs) until 2031.
With these acquisitions, Enery’s regional footprint has expanded to a total of 561 MW of installed capacity. This growth is part of Enery’s broader strategy to strengthen its position in the European renewable energy market. The company’s business model focuses on acquiring existing renewable energy projects with long-term power purchase agreements (PPAs). Enery also seeks opportunities to optimise the performance of these assets through efficiency improvements, which often involves a deep understanding of the basics of solar panel manufacturing and operation.
The Role of ContourGlobal in the Slovakia solar acquisition
ContourGlobal, the primary seller of the Slovak portfolio, is a significant player in the global renewable energy sector. Headquartered in London, the company has advanced its strategy of asset rotation, focusing on core renewable projects while divesting select portfolios to strategic buyers like Enery.
This move aligns with increasing momentum in Europe’s renewable M&A market, which saw 47 deals in October 2025 alone, reflecting strong investor confidence and the sector’s rapid expansion. In Slovakia, ContourGlobal was previously the second-largest power producer. In April 2023, the UK-based investment fund Energy Infrastructure Partners (EIP), who partnered in this sale to Enery, had previously acquired the company’s thermal power plant in Vojany. ContourGlobal’s decision to sell its solar portfolio to Enery is consistent with its broader strategy of focusing on core assets and optimizing its portfolio.
The Future of Solar Capacity in Slovakia solar acquisition
The Slovak government is committed to increasing the country’s solar capacity. In April 2023, the government announced plans to hold its first-ever PV auction, part of a broader goal to install 500 MW of solar power by 2030. These ambitious targets aim to reduce the country’s reliance on fossil fuels and lower greenhouse gas emissions.
The growth of solar capacity in Slovakia is essential for meeting these targets. This requires not only investment but also a robust supply chain for solar panel raw materials and access to advanced solar panel manufacturing machines. The expansion of solar power is also crucial for Slovakia’s energy security, as it reduces dependence on imported energy.
Enery’s acquisitions are a significant step forward for the country’s solar capacity. The company’s growing portfolio will help Slovakia meet its renewable energy targets and contribute to a sustainable energy transition. Understanding the complete solar panel manufacturing process is key to appreciating the scale of such developments. With continued investment and government support, Slovakia is well-positioned to become a leader in renewable energy in Central Europe.
Learn More About Solar Manufacturing and the Slovakia solar acquisition
The expansion of solar energy relies on complex industrial efforts. To understand the investment required, it’s helpful to explore the solar panel manufacturing plant cost breakdown. If you’re interested in diving deeper into the world of PV technology, consider enrolling in our free e-course to get a comprehensive overview.
