ReneSola agrees to sell Hungary solar parks to Obton

Green Energy

ReneSola, a solar project developer headquartered in the United States, on Friday said it agreed to sell its portfolio in Hungary to Denmark's Obton, according to a report by state news wire MTI.

The 20 solar parks have a combined capacity of 12.3 MW and participate in Hungary's feed-in tariff scheme.

"Obton remains a valuable partner for us," ReneSola's chief executive for Europe Josef Kastner said. "We look forward to working with Obton in Hungary and other geographies across Europe in the future."

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