Solar Trade Platform and Directory of Solar Companies

ReneSola Signs Agreement to Sell 26MW of Solar Projects in the UK

Published on 11 Nov 2016
ReneSola 
ReneSola Ltd today announced that it has signed agreements to sell its six utility-scale projects in the United Kingdom to a European investor. These projects have a combined capacity of approximately 26MW. 

Powered by ReneSola's Virtus II modules, the six projects are located in Carlam Hill Farm (Yorkshire), North Wales, and Monmouthshire. All of these projects are pre-accredited with a tariff rate of 6.16p/kWh and eligible for a guaranteed export tariff of 4.91p/kWh.

Xianshou Li, ReneSola's Chief Executive Officer, said, "Although the Brexit vote has interjected more uncertainty into the UK political situation, we are finding that demand remains robust for productive solar power assets. We intend to grow our project development business significantly in the quarters ahead, in keeping with our plan to focus our efforts on the best opportunities for attractive and rapid return on investment. We are building our development pipeline even as we execute monetizations such as this agreement, and expect more successful transactions in 2017 and beyond."


Source: ReneSola
ENF Profiles For Companies Mentioned in This Article

ReneSola (Solar Components): https://www.enfsolar.com/renesola
ReneSola (Solar Panels): https://www.enfsolar.com/renesola
ReneSola (Solar Materials): https://www.enfsolar.com/renesola
PV industry news is republished free of charge, please send your news to