ID Energy Group sells 14 operational solar plants located in Hungary to Obton
The farms included in this transaction — which is the first to take place between the two companies — have a total capacity of over 10 MWp
Madrid, 12 May 2022 – ID Energy Group has sold 14 fully operational solar plants to the Danish solar investor Obton. This is the first time that the Spanish company has sold fully operational assets in Hungary. In addition, this acquisition has increased the Danish company’s operational portfolio by over 10 MWp.
The agreement was reached last October and the sale was finalised in March this year. The facilities, all of which have fixed structures, are located in different areas of the country. Once they are owned by Obton, the Spanish company will carry out operational and maintenance work.
Francesco Cortesi, ID Energy Group’s General Manager in Hungary and Southeast Europe, made the following comments about the agreement: “We are grateful to Obton for their commitment and professionalism in this transaction. This is an important milestone for ID Energy Group as it represents our first sale of operational solar assets in Hungary. After the sale, ID Energy Group is carrying out the operation and maintenance of the sold projects. Currently ID Energy Group is one of the main O&M providers in the Hungarian market and it is managing more than 100 MWp in the country.”
Cortesi also highlighted the importance of this transaction for the group and explained what it means for ID Energy Group’s growth and expansion plans in Hungary: “The divestment of this operational portfolio is aimed to provide the company additional resources to further develop our greenfield pipeline. We currently have a pipeline of 250 MW of PV projects in advanced stage in Hungary with many of them forecasted to reach the Ready to Build stage by the end of 2022.”
“We’ve been very delighted with the good and trustful cooperation with ID Energy Group. Their dedication to the projects and process has been outstanding and we look forward to enlarging our cooperation in the future”, said Nicky Larsen, Director of Business Development at Obton.
About ID Energy Group:
Since it was founded in 2008, ID Energy Group — a corporate group specialising in photovoltaic energy — has grown both in Spain and further afield, and is now one of the most important players in the renewable energy sector.
It now has more than 140 employees and a strong international presence, with offices in Spain, Poland, Hungary, Croatia, and Serbia. What’s more, the company is currently breaking into the Italian market.
Obton is a Danish solar investor with more than 10 years of experience in the solar PV market. They were one of the first investment companies to see the opportunities in solar PV systems, and today Obton is one of Europe’s largest providers of investments in renewable solar energy, with EUR 2 billion in investments under administration and management of more than 900 global solar PV parks. In the annual ranking of solar asset owners in Europe in 2019, Obton ranked 9th.