Emeren Group Sells 53.6 MWp Solar Portfolio in Hungary

Emeren Group Ltd announced the successful sale of a 53.6 MWp solar project portfolio in Hungary, to Kronospan / Douglas Renewables.

This diverse portfolio encompasses six projects at various stages of advanced development. Four of them are already operational. One more power plants is scheduled to commence operations end Q4 2023, with the final project expected to come on stream by mid 2024.

All the projects are located in the municipalities of Törökszentmiklós, Békésszentandrás, Mezőtúr, Szolnok, in the eastern part of Hungary. Combined, the power plants will be able to provide energy to about 9,500 households. 

The transaction was completed by the end of November, after securing the final government approval.

Yumin Liu, CEO of Emeren Group, commented, "These six new projects represent a substantial contribution to the growing photovoltaics capacity in Hungary. We are glad that the operation has been successfully closed. We are equally excited to have partnered up with such a renowned player as Kronospan / Douglas Renewables. Their vision of a sustainable energy production strategically aligns with our mission to strengthen the solar energy infrastructure."