One of Hungary’s largest solar parks near Inárcs has changed hands. The German Greencells Group, the developer of the project sold the 132 MW cluster to the Chinese Shanghai Electric Power Co (SEP).
Greencells is a globally active developer and service provider for utility-scale solar power plants. The company has been the market leader in Hungary in terms of installed capacity since 2019 and has successfully expanded its portfolio in Hungary to a total of 475 MW. The solar park in Inárcs will account for annual CO2 savings of approximately 84,000 tons in future.
Located in the northern part of Inárcs, the cluster is currently under construction and is scheduled to start commercial operation in November 2023. Under the Obligatory Takeover or KÁT support scheme, the park will receive a state-guaranteed feed-in tariff paid by the transmission system operator MAVIR for 25 years.