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Canadian Solar Wins Green Project Bond of the Year Award by Environmental Finance
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Canadian Solar Reports Fourth Quarter and Full Year 2020 Results
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Canadian Solar Reports Fourth Quarter and Full Year 2020 Results
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ReneSola (SOL) to Sell 12.3MW Projects in Hungary, Shares Up Zacks.com 1/13/2021
ReneSola Ltd SOL recently signed a contract with Denmark-based solar investment company, Obton for divesting a portfolio of 20 solar plants in Hungary. The plants with a combined generation capacity of 12.3 megawatts (MW) are already in operation.
We expect the sale proceeds from this transaction to boost ReneSola’s operating cash flow in the near term. Investors reacted positively to the news as evident from the 29.1% surge in ReneSola’s share price since Jan 7.
ReneSola’s Prospects in Hungary
Hungary s solar photovoltaic (PV) power market has been witnessing notable improvement lately. Per a report by the Budapest Business Journal, Hungary’s latest combined energy and climate change plan targets a reduction in greenhouse gas (GHG) emissions of 40% compared to 1990 levels, and a minimum 21% share of renewable energy sources in gross energy consumption by 2030. Notably, installation of so
ReneSola (SOL) to Sell 15.4MW Worth Solar Parks in Romania Zacks.com 12/28/2020
ReneSola Ltd SOL recently signed an agreement to sell two ground-mounted solar parks in Romania to Alternus Energy Group. The addition of the twin solar projects with a total generating capacity of 15.4 megawatts (MW) will expand Alternus Energy’s total operating portfolio to nearly 140 MW.
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Romania’s Solar Prospects
The solar market in Romania has been growing rapidly in recent times, thanks to the encouraging initiatives adopted by the nation’s government for the development of solar power. Notably, in 2018, approximately 13% of the country’s total renewable energy generation capacity was from solar photovoltaic (PV), as stated in a report by Mordor Intelligence.