Aquila New Energy Kft. Will Develop Two Solar Plants in Hungary

Aquila New Energy Kft., a professional project developer in the field of solar energy, energy optimization, and the modernization of energy systems, recently announced its ambitious project of developing two solar power plants in Hungary, spreading over Tápióbicske and Gyöngyöstarján and totaling at 4.3AC/5.4DC MW in size, thus adding another landmark for the company in the Hungarian market.

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The 5.4 MW project includes two sub-projects, a 2.4 MW and a 3 MW separately. With a 4 million USD non-recourse financing from CIB Bank Hungary, the solar project is going to commence in March as planned. New Energy Kft. will use PS450M4 solar modules provided by Phono Solar, one of the Tier 1 solar product brands in the world. The total annual power output will reach 6.75 million kWh, which is expected to offset 31.25 tons of CO2.