ADVERTISEMENT

ReneSola secures financing for projects in Hungary, Poland

Deals

China-based solar project developer ReneSola Ltd. has announced it has closed a bridge finance deal with the Eiffel Energy Transition Fund for 96.3 megawatts (MW) of solar projects to be located in Hungary and Poland, according to a PR Newswire report. 

Under the agreement, Eiffel Energy will finance 41.3 MW of photovoltaic (PV) projects in Hungary and 55 MW of PV schemes in Poland, with a package for EUR 13.43 million (USD 15.4 mln) in total, the Chinese firm said in a statement released via prnewswire.com.

The solar company will continue to develop projects in the region as it expects the Hungarian and Polish markets to grow significantly in the years ahead, noted ReneSola Chairman and CEO Xianshou Li.

The fund is promoted by Eiffel Investment Group, a French asset management company established in 2008 as a division of the Louis Dreyfus group and spun off as an independent firm in 2011, according to the website of the European Investment Bank (EIB), among the investors backing the fund.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.