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Apr 07, 2020
ReneSola Power Announces Closing of Sale of 15 MW Portfolio in Hungary to Obton
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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. Mr. Mr. Mr. About OBTON 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 About Founded in 2005, and listed on the View original content to download multimedia:http://www.prnewswire.com/news-releases/renesola-power-announces-closing-of-sale-of-15-mw-portfolio-in-hungary-to-obton-301036475.html SOURCE 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, ralph@blueshirtgroup.com; In China: ReneSola Ltd, Ms. Ella Li, +86 (21) 6280-8070 x102, ir@renesolapower.com; The Blueshirt Group Asia, Mr. Gary Dvorchak, CFA, +86 (138) 1079-1480, gary@blueshirtgroup.com |