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ReneSola to sell 14-MW Hungarian solar portfolio to Obton

Shanghai-headquartered ReneSola Ltd. agreed to sell a portfolio of small-scale solar projects in Hungary with a combined capacity of 13.9 MW to Denmark's Obton A/S.

The portfolio consists of 24 solar facilities with an average generation capacity of 500 kW per plant, according to an Oct. 14 news release.

All the projects are qualified under the Hungarian 25-year feed-in tariff program.