ReneSola signed an agreement to sell a portfolio of small-scale DG projects in Hungary to Obton. The price of the deal has not been disclosed. The portfolio includes 24 solar plants, with an average size of 0.5MW. “Obton is an outstanding partner for us as we further develop our business in Hungary. We are thrilled to complete this project sale to them and look forward to future collaboration, both in Hungary and other regions,” said Josef Kastner, CEO of ReneSola European Region. “Over the past two years, ReneSola has demonstrated its skill in developing and operating solar projects, completing long-term financing transactions and monetizing projects to generate profits in the downstream segment of the solar industry across Europe. Hungary is an important market for solar power in the EU, and ReneSola has emerged as a leading project developer here. We are proud of our ability to create value in Hungary and believe we are well-positioned to drive more growth in the years ahead.”
