ReneSola to develop 8MW PV project in Hungary

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The PV project is comprised of 14 individual solar plants, each with a generation capacity of 0.5MW. Image: Renesola

PV project developer ReneSola has closed on a long-term project financing to develop an 8MW KAT-licensed PV installation in Hungary. KAT is the Hungarian feed-in tariff scheme.

The PV project is comprised of 14 individual solar plants, each with a generation capacity of 0.5MW. All 14 installations are expected to be operational by October 2018.

Financing for the project is being provided by K&H Bank, one of Hungary's largest banking and financial services firms.

Xianshou Li, chairman and chief executive officer of ReneSola, said: “Hungary is an important market for solar power in the EU, and Renesola is an established and growing developer in the country. This financing demonstrates the quality of our projects, and strengthens our partnership with K&H Bank. We look forward to continued growth in Hungary as we finance and build more portfolios of projects in the months ahead.”

Read Next

PV Tech Premium
July 9, 2021
Solar’s dominance in recent renewables auctions in Poland has further reinforced the promising outlook for the market, with developers and analysts welcoming support provided for the construction of smaller projects.
May 26, 2021
ReneSola Power is aiming to build on its solid first quarter financial performance to reach a 2GW PV project pipeline by the end of the year, as it prepares to enter at least two new Europen markets.
May 10, 2021
Solar developer ReneSola Power has established a joint venture with asset management firm Eiffel Investment Group to finance its current European project pipeline.
April 19, 2021
Photon Energy has reached more than 420MWp of PV projects under development, as the Netherlands-based renewables company weathered the impacts of COVID-19 on its financial performance last year.
March 29, 2021
Solar developer ReneSola returned to net profit last year despite struggling with declining revenues throughout 2020.
January 13, 2021
A round-up of the latest news in solar project development, as Grenergy secures €70 million for Chile farms, ReneSola sells a 12.3MW portfolio and Bluefield Solar Income Fund boosts its portfolio with a 70MWp acquisition.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK