Chint Solar is working towards grid connecting a 200MW portfolio of solar to the high voltage grid in Hungary.
Construction of the five solar parks will start in the second quarter of this year, with expected commissioning in 2024.
All five projects are located in the north of Hungary.
Project sizes range from 29MW to 51MW, proving tens of thousands of households with renewable energy.
The portfolio was developed by Chint Solar with Green Plan Energ as local partner, and recently sold to Shanghai Electric Power (SEP), which is owned by State Power Investment Corporation (SPIC).
Chint Solar will be responsible for the construction and operation of the projects.
Oliver Schweininger, Managing Director/CEO of Chint Solar Europe, said: “I am excited to see Chint Solar Europe contributing to the energy transition in Hungary.
“This nearly 200MW solar portfolio will support the Hungarian economy moving from fossil fuels to a sustainable future with clean energy.
“We are delighted to take this step together with SEP, a renowned player in the energy sector.”
Chint Solar was advised in the transaction by law firm Kinstellar and M&A advisor Capcora.
SEP was supported by Schoenherr on the legal aspects.