Renesola signs agreement to sell 13.9 MW of DG projects in Hungary

Chinese solar project developer Renesola Ltd. entered into an agreement to sell a portfolio of small-scale DG projects located in Hungary to Obton. The portfolio comprises 24 solar plants, with an average size of approximately 0.5 MW per plant, bringing a combined capacity of 13.9 MW. These 24 small-scale DG projects are qualified under the Hungarian 25-year feed-in tariff scheme. Obton is an investment and management company specialized in renewable projects, and manages a PV portfolio of more than 719 MW with an enterprise value of €1,4 billion ($1.5 billion). The plants are primarily located in France, Italy, Germany, Belgium and the Netherlands.

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