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Stock impact report

ReneSola to Develop 8 MW Solar Project in Fehergyarmat Hungary

Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL) 
Last emeren group ltd american depositary shares, each representing 10 shares earnings: 11/19 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.renesolapower.com
Company Research Source: PR Newswire
SHANGHAI, Aug. 30, 2018 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer and operator, today announced that in Budapest it closed on long-term project financing to develop an approximately 8 MW KAT-licensed solar project in Hungary. KAT is the Hungarian feed-in tariff scheme. The project is comprised of 14 individual KAT-licensed solar plants, each with a capacity of 0.5 MWAC. All 14 projects are expected to be grid-connected by October, 2018.Financing is being provided by K&H Bank, one of Hungary's largest banking and financial services firms, a leading player in project finance. ReneSola has two more KAT-licensed project portfolios seeking project financing from K&H Bank.Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "Hungary is an important market for solar power in the EU, and Renesola is an established and growing developer in the country. This financing Show less Read more
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