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Second Party Opinion: NAP Nyrt (Methodology of Shades of Green, formerly part of CICERO)

This report was produced by Shades of Green. On December 1, 2022, S&P Global acquired Shades of Green from CICERO.

NAP Nyrt (“NAP”) is a solar power producer. Through wholly owned project companies, it currently operates 55 solar photovoltaic power plants in Hungary with installed capacity of 27.5 MW, all of which are connected to the grid. In the long term, its investments may expand to other renewable energies such as onshore wind farms.

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