Unisun Energy gets loan for 6.76 MW of Hungarian PV

Green Energy

The Hungarian unit of Shanghai-based Unisun Energy Group has obtained a non-recourse loan from local lender Gránit Bank Zrt. for a 6.76 megawatt (MW) solar photovoltaic (PV) project in Hungary, PR Newswire reported, citing a parent company statement.

The project is backed with a license from the Hungarian government under the local KAT scheme, Unison Energy said. No other details were provided.

Under local sunlight conditions, following formal connection to the grid, the facility is predicted to generate 8.6 gigawatt-hours (GWh) of electricity annually. Unisun Energy already has a ground-mounted solar power facility in Tiszaszőlős (154 km east of Budapest).

“With the recovery of the European solar market, Hungary, one of the key EU solar power markets, undoubtedly has great growth potential,” said Unisun Energy Group Chairwoman Yisha He. Unisun Energy said it plans to develop 1 GW of PV projects across Europe in the next three years. 

ADVERTISEMENT

Poland: Businesses blocked by unpaid invoices, survey shows Analysis

Poland: Businesses blocked by unpaid invoices, survey shows

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest hosting 2024 Chess Olympiad City

Budapest hosting 2024 Chess Olympiad

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.