Hungarian manufacturer of electric motors to invest in EUR 11 million solar power plant

Ganz Transzformátor- és Villamos Forgógépgyártó, a manufacturer of high-performance transformers and electric motors, is installing a 2MW solar power plant at its base in Tápiószele, in central Hungary.

The company said the EUR 11 million investment had been awarded a nearly EUR 5 million government grant in the framework of the Factory Rescue Programme. Ganz Transzformátor- és Villamos Forgógépgyártó had net sales revenue of HUF 43.9 billion (EUR 115.8 million) last year, public records show.

Featured image: Ganz Transzformátor és Villamos Forgógépgyártó Zrt, Tápiószele. Wikimedia Commons