Hungarian group 4iG is conducting due diligence in the process of acquiring a medium-sized wind farm in Poland, the company announced in an official statement. At the same time, the group unveiled plans to create a regional energy portfolio in Central and Eastern Europe and the Western Balkans, based on renewable energy sources and next-generation technologies, including small modular reactors. These actions are part of a broader diversification strategy for the Hungarian holding, which has so far been associated primarily with the technology, telecommunications and digital infrastructure sectors.
4iG is Hungary’s largest capital market holding company listed on the Budapest Stock Exchange, operating in the technology, telecommunications, digital infrastructure, and space and defence industry sectors. Entering the energy sector represents a new, strategic direction for the group. As part of its preparations for this expansion, 4iG is establishing a separate holding company to manage the new energy business division.
According to the statement, 4iG has signed a preliminary cooperation agreement for the acquisition of a medium-sized ready-built wind farm in Poland, and the due diligence process for this project is currently underway. Poland is one of the largest and fastest-growing wind energy markets in Europe, making it an attractive target for foreign investors. In recent years, the Polish renewable energy sector has attracted growing interest from international players who see stable and promising investment opportunities there.
It is not known, however, what the exact location or capacity of the target wind farm is. The group also did not disclose with whom it signed the preliminary agreement or what the estimated transaction costs are. If the acquisition is finalised, it will be further evidence of the growing presence of foreign capital in Poland’s renewable energy sector. For 4iG, acquiring a ready-built, operational wind farm would mean a quick entry into the Polish market without having to bear the risks associated with the lengthy construction and permitting process.
Hungarian wind portfolio and cooperation with Iberdrola
In parallel with its activities in Poland, 4iG is pursuing an ambitious project in its domestic market. Through its subsidiary 4iG Befektetési Kft., the group has submitted a binding offer for units in the private equity fund iG Tech Energy. The transaction is multi-stage, and its finalisation would open the way for 4iG to become the owner of the fund’s project company, which holds a 49 percent stake in a portfolio of wind farms with a total capacity of 158 MW.
This portfolio consists of five sites in north-western Hungary and was previously owned by the Spanish energy group Iberdrola. Its scale is particularly significant in the context of the Hungarian market, as it represents nearly half of the country’s total installed wind capacity. If the offer is accepted, the transactions are expected to be finalised by the end of 2026. Acquiring such a significant share of the Hungarian wind market would strengthen 4iG’s position as a key player in the regional renewable energy sector and provide it with a stable foundation for further expansion.
Small modular reactors as part of the strategy
One of the boldest elements of 4iG’s strategy is the plan to deploy small modular reactors in Central and Eastern Europe and the Western Balkans. The group has signed a letter of intent with American company X-Energy, which specialises in SMR technology, to this end. This agreement opens the way for potential cooperation on building modern, low-emission energy sources that could complement the group’s renewable portfolio.
SMR technology is seen as a promising solution for countries in the region seeking stable and independent energy sources while aiming to reduce CO2 emissions. Small modular reactors are characterised by smaller size and lower investment costs compared to traditional nuclear power plants, making them more accessible to smaller economies. Cooperation with X-Energy, an American leader in this field, gives 4iG access to the latest technology and know-how, which could accelerate the SMR deployment process in the region. It is not known, however, in which specific countries the first reactors would be built or what the expected timeline for their construction is.
A new chapter for the Hungarian holding
4iG’s moves into the energy sector represent a significant shift from the group’s existing business profile. The holding, which has so far focused on technology, telecommunications and digital infrastructure, is now entering the energy sector, focusing on diversified sources, from wind energy to small nuclear reactors to other next-generation solutions. The establishment of a separate holding company responsible for the energy sector indicates that 4iG views this diversification as a long-term, strategic direction.
The Central and Eastern Europe and Western Balkans region is becoming increasingly attractive to energy investors, particularly in the context of the energy transition and the drive to reduce dependence on fossil fuels. Thanks to its experience in managing large infrastructure projects and access to capital, 4iG has the potential to become a significant player in this market. However, the scale of the group’s plans, from acquiring existing wind farms to deploying advanced nuclear technologies, requires not only significant financial outlays but also the ability to navigate the complex regulatory environments of different countries.
The completion of the transactions in Hungary and Poland will be the first test of whether 4iG can deliver on its ambitious plans. The success of the strategy will also depend on the speed of obtaining the necessary permits and the ability to build relationships with local partners and authorities. For now, however, 4iG is taking the first concrete steps towards creating a regional energy portfolio that could significantly influence the energy map of the entire region in the future.
