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Solar Energy Systems builds HUF 1.2 bln PV cell plant

Hungary's Solar Energy Systems will complete a HUF 1.2 billion solar panel plant in Komló (SW Hungary) by the end of November, company spokesman Laszló Vajda said on Tuesday. The plant is expected to generate annual revenue of €4 million, mostly from sales on the German market, Vajda said. Solar Energy Systems received HUF 400 million in grant money for the project from the state and the European Union.