ReneSola Signs Agreement to Sell 24MW of Solar Project in North Carolina

Alt
Another project that ReneSola has already sold is the Field House power plant in the UK (6.4 MW). Image: ReneSola

ReneSola Ltd. announced that it signed an agreement to sell a portfolio of its ground-mounted projects located in North Carolina, United States to a subsidiary of Panda Green Energy Group Limited.

Powered by ReneSola's Virtus II 320W and 325W modules, the ground-mounted projects have an aggregate capacity of approximately 24MW and will sell the power generated to a local utility under a 15-year power purchase agreement. The projects are expected to be connected to the grid by December 2017.

Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "This agreement further demonstrates our capability of developing and monetizing projects in the downstream segment of the solar industry. The U.S. remains a key market for us; our project pipeline in the U.S. consists of over 100MW of mid-to-late stage projects, and we continue to expect the region to be a major growth market in the years ahead."

At the end of August, ReneSola agreed to sell two solar farms totalling about 10 MW in the UK to a fund managed by UK renewable investment manager Greencoat Capital LLP.

 

2017-09-06 | Source: ReneSola | solarserver.com © EEM Energy & Environment Media GmbH

Our editorial selection of breaking solar news is published at:
http://www.solarserver.com/solar-magazine/solar-news/top-solar-news.html