ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary
- ReneSola Ltd, a leading completely integrated solar project designer, today announced that it entered into an arrangement to offer a portfolio of projects situated in Hungary to Obton, a leading global solar investment firm headquartered in Aarhus, Denmark.
The portfolio consists of 20 solar plants in 5 areas, consisting of Sárbogárd, Kömlöd, Szajol, Lukacshaza, and also Törökszentmiklós, with a combined ability of 12.3 MW. These 20 solar projects, which were efficiently connected to the grid in 2020, are currently in operation as well as are qualified under the Hungarian 25-year KAT feed-in tariff plan.
Mr. Josef Kastner, CEO of ReneSola European Region, commented, "Despite ongoing tough macro problems, our team continues to perform on our technique and enhance our solar possessions through critical sales. Obton remains an important companion for us, and also we are enjoyed once more collaborate on this deal. We look forward to working with Obton in Hungary as well as various other locations throughout Europe in the future."
ReneSola Power CEO Yumin Liu added, "Over the past numerous years, we have actually shown our experience in creating and also running solar projects, shutting financing purchases and also monetizing projects to generate profits in the downstream sector of the solar industry throughout Europe. Hungary stays an essential market for solar energy in the EU, and this deal better strengthens ReneSola Power's market position in the nation. We are proud of our team, and think we are well-positioned to drive much more profitable growth in the quarters ahead."
Mr. Anders Marcus, CEO and also Co-founder of the Obton Group, stated, "ReneSola Power is a trusted companion of Obton's, and also we are thrilled to raise our involvement in the Hungarian solar market with the support from ReneSola Power. Importantly, we are motivated that we were able to participate in a contract regardless of the challenging circumstances. We are additionally happy with our team for being effective, creative as well as ambitious, which our team believe are the key capabilities for success. We anticipate signing up with pressures with ReneSola Power to seek various other project opportunities in Hungary and also any other countries in the future."