Prime Energy Buys Hungarian Solar Projects for 68 Million Euros
Translated & summarized from TheMarker by baba
Renewable energy firm Prime Energy will purchase four solar sites in Hungary totaling 70 megawatts for 68 million euros. The deal includes potential for storage system integration and comes with 17-year guaranteed regulation tied to the price index. Prime Energy expects to enhance the sites' value through added storage.
The story in 5 lines · by baba
- Prime Energy is acquiring four Hungarian solar sites totaling 70 megawatts for 68 million euros.
- The acquisition includes potential for integrating energy storage systems.
- The solar projects have a 17-year guaranteed regulation linked to the price index.
- Prime Energy expects to improve the sites' value by adding storage.
- The deal is valued at 68 million euros.
Prime Energy, a renewable energy company, is set to acquire four income-generating solar sites in Hungary with a total capacity of approximately 70 megawatts. The deal, valued at 68 million euros, includes the potential for enhancement through the integration of storage systems. The company will purchase the rights to the sites, which are free of external financial debt. The projects are guaranteed regulation for 17 years, tied to the price index. Prime Energy estimates the sites have potential for improvement by adding storage systems.
