ReneSola Power closes sale of 15 MW portfolio in Hungary to Obton
Renesola announced the closing of the sale of a 15 MW portfolio of solar projects located in Hungary to Obton, a leading international solar investment company headquartered in Aarhus, Denmark.
The portfolio comprises 25 solar plants under construction in three municipalities of Bicske, Boldog and Cegled, with a combined capacity of 15 MW. These 25 small-scale ground-mounted projects are qualified under the Hungarian 25-year KAT feed-in tariff scheme and are expected to be grid-connected in the second quarter of 2020.
In connection with the transaction, the financing bank OTP Bank Plc. provided project financing and approved Obton as the new 100% owner of the project assets.
Country updates
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January 13, 2020
ReneSola signs agreement for the sale of 15 MW solar portfolio with Obton
ReneSola Ltd has entered into an agreement to sell a portfolio of projects located in Hungary to Obton, a leading international solar investment company. This deal builds upon the earlier sale of...
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November 11, 2019
Photon Energy completes construction 4.9 MWp solar project in ertőd and Kunszentmárton
Photon Energy N.V., through its subsidiary Photon Energy Solutions HU Kft has completed and grid-connected seven photovoltaic power plants with a total installed capacity of 4.9 MWpin the municip...
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October 15, 2019
ReneSola to offload 13.9 MW of solar portfolio to Obton
ReneSola Ltd has entered into an agreement to sell a portfolio of small-scale DG projects located in Hungary to Obton, a leading international solar investment company. The portfolio comprises 24 sol...
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February 03, 2019
Eiffel Investment Group provides financing for solar PV projects in Hungary and Poland
ReneSola Ltd has announced that it has entered into a bridge financing agreement with Eiffel Energy Transition Fund for its photovoltaic projects in Hungary and Poland. Under the terms...
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November 19, 2018
Photon Energy begins construction on 5.5 MWp Hungarian solar PV projects
Photon Energy has started construction as EPC contractor on eight photovoltaic power plants with a total capacity of 5.5 MWp in Almásfüzitő, Hungary. The project involves the develo...
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