Chint Solar, a leading player active in project development, financing, realization and operation of solar parks, will soon start the realization of a portfolio with ca. 200 MWp of solar PV projects connecting to the high voltage grid in Hungary. Construction of the five solar parks will start in the second quarter of this year, with expected commissioning in 2024.
All five projects are located in the north of Hungary. Project sizes range from 29 MWp to 51 MWp, proving tens of thousands of households with renewable energy. The portfolio was developed by Chint Solar with Green Plan Energy Kft. as local partner, and recently sold to Shanghai Electric Power (“SEP”), a company listed on the Shanghai Stock Exchange and owned by State Power Investment Corporation Limited (“SPIC”). Chint Solar will be responsible for the construction and operation of the projects.
Oliver Schweininger, Managing Director/CEO of Chint Solar Europe: “I am excited to see Chint Solar Europe contributing to the energy transition in Hungary. This nearly 200 MWp solar PV portfolio will support the Hungarian economy moving from fossil fuels to a sustainable future with clean energy. We are delighted to take this step together with SEP, a renowned player in the energy sector.”
Chint Solar was advised in the transaction by law firm Kinstellar and M&A advisor Capcora. SEP was supported by Schoenherr on the legal aspects.