{"id":35948,"date":"2021-01-08T06:00:00","date_gmt":"2021-01-08T06:00:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2021\/01\/08\/renesola-power-announces-sale-of-12-3-mw-of-projects-in-hungary\/"},"modified":"2021-01-08T06:00:00","modified_gmt":"2021-01-08T06:00:00","slug":"renesola-power-announces-sale-of-12-3-mw-of-projects-in-hungary","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2021\/01\/08\/renesola-power-announces-sale-of-12-3-mw-of-projects-in-hungary\/","title":{"rendered":"ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">STAMFORD, Conn.<\/span>, <span class=\"xn-chron\">Jan. 8, 2021<\/span> \/PRNewswire\/ &#8212; ReneSola Ltd (&#8220;ReneSola Power&#8221; or the &#8220;Company&#8221;) (<a target=\"_blank\" href=\"http:\/\/www.renesolapower.com\/\" rel=\"nofollow\">www.renesolapower.com<\/a>) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in <span class=\"xn-location\">Hungary<\/span> to Obton, a leading international solar investment company headquartered in <span class=\"xn-location\">Aarhus, Denmark<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/707006\/ReneSola_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/707006\/ReneSola_Logo.jpg\" title=\"ReneSola Logo. (PRNewsFoto\/ReneSola Ltd) (PRNewsfoto\/ReneSola Ltd.)\" alt=\"ReneSola Logo. (PRNewsFoto\/ReneSola Ltd) (PRNewsfoto\/ReneSola Ltd.)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>The portfolio comprises 20 solar plants in five locations, including S\u00e1rbog\u00e1rd, K\u00f6ml\u00f6d, Szajol, Lukacshaza, and T\u00f6r\u00f6kszentmikl\u00f3s, with a combined capacity of 12.3 MW.\u00a0 These 20 solar projects, which were successfully connected to the grid in 2020, are now in operation and are qualified under the Hungarian 25-year KAT feed-in tariff scheme.<\/p>\n<p>Mr. <span class=\"xn-person\">Josef Kastner<\/span>, CEO of ReneSola European Region, commented, &#8220;Despite ongoing challenging macro conditions, our team continues to execute on our strategy and optimize our solar assets through strategic sales. Obton remains a valuable partner for us, and we are thrilled to once again collaborate on this transaction. We look forward to working with Obton in <span class=\"xn-location\">Hungary<\/span> and other geographies across <span class=\"xn-location\">Europe<\/span> in the future.&#8221;<\/p>\n<p>ReneSola Power CEO <span class=\"xn-person\">Yumin Liu<\/span> added, &#8220;Over the past several years, we have demonstrated our expertise in developing and operating solar projects, closing financing transactions and monetizing projects to generate profits in the downstream segment of the solar industry across <span class=\"xn-location\">Europe<\/span>. \u00a0Hungary remains an important market for solar power in the EU, and this transaction further strengthens ReneSola Power&#8217;s market position in the country.\u00a0 We are proud of our team, and believe we are well-positioned to drive more profitable growth in the quarters ahead.&#8221;<\/p>\n<p>Mr. <span class=\"xn-person\">Anders Marcus<\/span>, CEO and Co-founder of the Obton Group, said, &#8220;ReneSola Power is a trusted partner of Obton&#8217;s, and we are excited to increase our participation in the Hungarian solar market with the support from ReneSola Power. Importantly, we are encouraged that we were able to enter into an agreement despite the challenging circumstances.\u00a0 We are also proud of our team for being effective, creative and goal-oriented, which we believe are the key competences for success.\u00a0 We look forward to joining forces with ReneSola Power to pursue other project opportunities in <span class=\"xn-location\">Hungary<\/span> and any other countries in the future.&#8221;<\/p>\n<p><b>About ReneSola Power<\/b><\/p>\n<p>ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly, and can sustain that growth due to improved clarity around government policies. The Company&#8217;s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and <span class=\"xn-location\">Europe<\/span>, where the Company has a market-leading position in several geographies, including <span class=\"xn-location\">Poland<\/span>, <span class=\"xn-location\">Hungary<\/span>, <span class=\"xn-location\">Minnesota<\/span> and <span class=\"xn-location\">New York<\/span>.<\/p>\n<p><b>About OBTON<\/b><\/p>\n<p>Obton is an investment and development company that targets land and rooftop owners, developers and financial institutions with the goal of building a broad and risk-diverse portfolio of assets in the field of renewable energy. Our expertise includes development, funding and management of solar PV projects &#8211; primarily projects starting from <span class=\"xn-money\">EUR 10m<\/span> for stable markets in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN40752&amp;sd=2021-01-08\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/renesola-power-announces-sale-of-12-3-mw-of-projects-in-hungary-301203210.html\">http:\/\/www.prnewswire.com\/news-releases\/renesola-power-announces-sale-of-12-3-mw-of-projects-in-hungary-301203210.html<\/a><\/p>\n<p>SOURCE  ReneSola Ltd.<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN40752&amp;Transmission_Id=202101080600PR_NEWS_USPR_____CN40752&amp;DateId=20210108\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">STAMFORD, Conn.<\/span>, <span class=\"xn-chron\">Jan. 8, 2021<\/span> \/PRNewswire\/ &#8212; ReneSola Ltd (&#8220;ReneSola Power&#8221; or the &#8220;Company&#8221;) (<a target=\"_blank\" href=\"http:\/\/www.renesolapower.com\/\" rel=\"nofollow noopener\">www.renesolapower.com<\/a>) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into an agreement to sell a portfolio of projects located in <span class=\"xn-location\">Hungary<\/span> to Obton, a leading international solar investment company headquartered in <span class=\"xn-location\">Aarhus,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":35949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-35948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2021\/01\/08\/renesola-power-announces-sale-of-12-3-mw-of-projects-in-hungary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ReneSola Power Announces Sale of 12.3 MW of Projects in Hungary - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"STAMFORD, Conn., Jan. 8, 2021 \/PRNewswire\/ -- ReneSola Ltd (&quot;ReneSola Power&quot; 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