ReneSola energises 1st self-built solar park in Hungary

• Solar project developer as well as operator ReneSola Ltd (NYSE: SOL) stated today that its inaugural independent power manufacturer (IPP) project in Hungary with a capability of 10.2 MWp has actually reached commercial procedure.

The project is called Csomad 1-2 and comprises two solar (PV) parks that can create enough power to satisfy the daily demand of around 4,000 homes.

Given that ReneSola set foot in the Hungarian market 5 years earlier, the business has actually appointed 72 feed-in tariff (FIT) solar power plants with an incorporated capability of regarding 42 MW. According to Josef Kastner, Chief Executive Officer of ReneSola Power Europe, Hungary as a market is a critical part of the firm's development strategy.

The team chief executive officer, Yumin Liu, added that ReneSola has actually additionally efficiently created greater than 100 MW of projects to the shovel-ready stage and is actively building fifty percent of that profile.