Emeren sells 53.6 MWp solar project portfolio in Hungary

Emeren announced the sale of a 53.6 MWp solar project portfolio in Hungary, to Kronospan / Douglas Renewables, the world’s leading manufacturer of wood-based panels. 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, with the final project expected to come on stream by mid 2024. All the projects are located in the municipalities of Torokszentmiklos, Bekesszentandras, Meztur, 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.