ReneSola signs agreement for the sale of 15 MW solar portfolio with Obton
Date
January 13, 2020
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Hungary
Subsectors
Photovoltaic
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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 13.9 MW of projects in Hungary.
The portfolio comprises 25 solar plants under development in three locations, with a combined capacity of 15 MW.
These 25 small-scale projects are qualified under the Hungarian 25-year CAT feed-in tariff scheme.
