Kronospan acquires 53.6 MW PV projects from Emeren Group

Emeren Group Ltd has a project pipeline and IPP assets totaling over 3 GW, and a storage pipeline of over 10 GW across Europe, North America, and Asia. Illustration from Pexels.

Emeren Group Ltd sells 53.6 MW solar projects in Hungary to Kronospan/Douglas Renewables. The diverse portfolio includes six projects, four operational, one starting Q4 2023, and the final by mid-2024. The projects, located in eastern Hungary, will collectively power around 9,500 households. The transaction, facilitated by Pontes Budapest, concluded in November after receiving government approval.