ABO sells Spanish PV portfolio, links debut Hungarian project

Facebook
Twitter
LinkedIn
Reddit
Email
The Hungarian scheme of 6.2MW (5MW in actual load) secured 20-year feed-in tariffs from the KÁT programme (Credit: ABO Wind)

ABO Wind has reached key solar milestones across two of its European target markets, notching up a major sale in Spain and linking its first Hungarian PV project.

On Thursday, the German group said it has offloaded a 450MW portfolio of solar and wind it built in Spain to two as-of-yet-unnamed investors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

According to ABO’s statement, the renewable projects now being sold in the Southern European country remain unbuilt but have secured grid connection rights.

Approached by PV Tech, a spokesperson from the firm declined to identify the PV schemes now changing hands but said solar and wind each take up roughly half of the sold 450MW total.

The investor buyers, the spokesperson explained, have committed an initial amount but will be providing further income over the years, as ABO continues to progress with the developments.

Hungary debut reaches finish line

With headquarters in Wiesbaden, ABO Wind was founded in 1996 and has since gone on to link 1.5GW of wind, solar and biogas capacity worldwide, with a further 6.5GW now under development.

The firm, which typically develops and builds plants it then sells, is working on auction-backed projects in Greece and further schemes in Spain, France, America and Africa.

The group recently took its first Hungarian project to the finish line, a 6.2MW scheme – 5MW of which is the actual connected load – it had acquired in 2018.

After grid-linking the plant in the eastern town of Létavértes, ABO is open to selling the project – featuring Suntech modules – but knows 5MW may be too small for investors, the spokesperson said.

“We’re flexible, we’ve got enough capital to keep the project for a few years, while we build more projects which we can then combine into a sale,” they explained.

‘Bullish’

According to the spokesperson, ABO feels “bullish” about the solar prospects of Hungary, a country said by IRENA to host a 665MW PV market as of December 2018.

The firm now runs an office in Budapest and is working on a 5MW PV successor in the same region as the first. Construction may launch before the end of the year, weather conditions allowing.

ABO’s first 5MW plant in Létavértes secured 20-year feed-in tariffs of HUF32/kWh (US$0.1/kWh) from Hungary’s KÁT programme but support for future projects is unclear, the spokesperson said.

“The tariffs we got are part of an old scheme but the future is uncertain,” they added. “Hungary’s regulatory framework is not that complicated – the problem is there’s no plan for the next years.”

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

September 5, 2025
Scientists from Germany and Saudi Arabia have discovered that perovskite thin-film cells are compatible with current industry standard silicon solar cells, which they claim is a “crucial step toward the industrialisation of perovskite silicon tandem solar cells”.
September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 5, 2025
Research firm Rystad Energy has found that Queensland’s utility-scale solar PV power plants have dominated the best-performing assets, in terms of AC capacity factor, rankings for August 2025.
September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
Fraunhofer ISE has completed testing work of grid-forming inverters currently available in the energy industry.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines