ABO Wind connects solar park in Hungary to the grid and sells portfolio in Spain

German project developer for renewable energies ABO Wind AG has connected a solar park with an installed capacity of 6.2 MW to the grid in Létavértes in eastern Hungary. ABO Wind acquired the rights last year, developed the project to construction maturity and started construction in 2019. The solar park is remunerated in accordance with the KÁT system, which has now been suspended, at a rate of 32 Hungarian forints per kilowatt hour ($0.11) over a period of 20 years from commissioning. A tender system for future solar projects is being developed in Hungary. The country currently generates around ten percent of its electricity from renewable energies. Nuclear power has so far accounted for the lion's share. With an increase of 400 MW, the solar capacity was more than doubled in 2018.
In addition, the company has sold wind and solar projects under development in Spain with an output of 459 MW to two unnamed investors. ABO Wind has already secured the grid connection rights for the projects. The project developer is also responsible for planning, expert opinions, securing land and all approvals. The investors then take over the projects and erect the plants, which are expected to be connected to the grid by 2022.

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