ReneSola sells projects in Hungary to Obton

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ReneSola has agreed to sell projects in Hungary to Obton, a solar investment company headquartered in Aarhus, Denmark.

ReneSola said the portfolio comprises 20 solar plants in five locations, including Sarbogard, Komlod, Szajol, Lukacshaza, and Torokszentmiklos, with a combined capacity of 12.3 MW.

These 20 solar projects, which were connected to the grid in 2020, are now in operation and are qualified under the Hungarian 25-year KAT feed-in tariff scheme.