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ReneSola to Develop 8 MW solar project in Fehérgyarmat

134 - 1 - Erneuerbar Hungary

The international solar project developer, ReneSola Ltd concluded a long-term project financing agreement to develop an approximately 8 MW KAT-licensed (KAT - Hungarian feed-in tariff scheme) solar project in Hungary.

The project incorporates 14 individual KAT-licensed solar plants, each with a capacity of 0.5 MWAC. It is expected that all of them will be connected to the grid by the end of October, 2018. The projects will be financed by K&H Bank one of the largest banking and financial services firms in Hungary. ReneSola Ltd looks forward to the continued growth of solar projects in Hungary and plans to finance and build further projects in the upcoming months. Source: www.prnewswire.com/news-releases/renesola-to-develop-8-mw-solar-project-in-fehergyarmat-hungary-300704718.html