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ReneSola Power Announces Closing of Sale of 15 MW Portfolio in Hungary to Obton
The portfolio comprises 25 solar plants under construction in three municipalities of Bicske, Boldog and Cegled, with a combined capacity of 15 MW. These 25 small-scale ground-mounted projects are qualified under the Hungarian 25-year KAT feed-in tariff scheme and are expected to be grid-connected in the second quarter of 2020.
In connection with the transaction, the financing bank OTP Bank Plc. provided project financing and approved Obton as the new 100% owner of the project assets.
Obton is an investment and management company specialized in renewable projects. Obton represents retail investors and manages a rapid growing PV-portfolio of more than 870 MWp with an enterprise value of
Founded in 2005, and listed on the
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For investor and media inquiries, please contact: In the United States: ReneSola Ltd, Mr. Adam Krop, +1 (347) 577-9055 x115, IR.USA@renesolapower.com; The Blueshirt Group, Mr. Ralph Fong, +1 (415) 489-2195, firstname.lastname@example.org; In China: ReneSola Ltd, Ms. Ella Li, +86 (21) 6280-8070 x102, email@example.com; The Blueshirt Group Asia, Mr. Gary Dvorchak, CFA, +86 (138) 1079-1480, firstname.lastname@example.org