Emeren Group has sold a 53MW solar project portfolio in Hungary, to Kronospan/Douglas Renewables.
The portfolio encompasses six projects at various stages of advanced development. Four of them are already operational with one scheduled to commence operations at the end of the fourth quarter of 2023 and the final site expected to come on stream by mid-2024.
All the schemes are located in the municipalities of Torokszentmiklos, Bekesszentandras, Mezotur, Szolnok, in the eastern part of Hungary.
The transaction was completed by the end of November, after securing the final government approval.
Emeren Group chief executive Yumin Liu said: “These six new projects represent a substantial contribution to the growing photovoltaics capacity in Hungary. We are glad that the operation has been successfully closed.
“We are equally excited to have partnered up with such a renowned player as Kronospan/Douglas Renewables. Their vision of a sustainable energy production strategically aligns with our mission to strengthen the solar energy infrastructure.”