STAMFORD, Conn., April 1,
2022 /PRNewswire/ -- ReneSola Ltd. ("ReneSola Power"
or "the Company") (www.renesolapower.com) (NYSE: SOL), a leading
fully integrated solar project developer, today announced that it
closed a sale of 24MW solar-plus-storage project ("Project") in the
UK to Innova, a company that invests in and operates renewable
energy assets, with a focus on utility-scale ground mounted solar
plants and battery energy storage sites, located in the UK.
The Project is a solar farm site located south of Witney in
West Oxfordshire, England. The
Project is being sold at the "Ready to Build" (RtB) stage, with the
development designed to operate for around 40 years.
The Project is a solar-plus-storage ground-mounted project,
among ReneSola Power's over 200 MW pipeline of projects with
different expected sales year in the UK.
Mr. Yumin Liu, Chief Executive Officer of ReneSola Power,
commented, "We are excited to complete the transaction with our
strategic partner Innova. For us, UK is one of the most attractive
markets in Europe. The transaction
not only further strengthened our leading position in the UK, but
also marked another success in our track record of developing,
operating and monetizing projects when growing presence in
Europe."
Mr. Robin Dummett, Co-founder and
Director of Innova, added, "We are delighted to have worked with
Renesola Power on this transaction. The Ducklington solar project
is part of our long-term strategy to build and operate renewable
energy projects across the UK. This project will deliver up to an
initial 24MWp of clean renewable energy to West Oxfordshire, powering around 7,800 homes
and will deliver significant biodiversity improvements, whilst
giving back to the local community."
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project
developer and operator. The Company focuses on solar power project
development, construction management and project financing
services. With local professional teams in more than 10 countries
around the world, the business is spread across a number of regions
where the solar power project markets are growing rapidly and can
sustain that growth due to improved clarity around government
policies. The Company's strategy is to pursue high-margin project
development opportunities in these profitable and growing markets;
specifically, in the U.S. and Europe, where the Company has a market-leading
position in several geographies, including Poland, Hungary, Minnesota and New
York. For more information, please visit
www.renesolapower.com.
About Innova
Innova group is one of the UK's leading integrated developer and
operator renewable energy companies focusing on ground mounted and
energy storage assets in the UK, with a pipeline of over 1GW DNO
connected sites, currently in development or under construction.
Innova's long term mission is to create utility scale renewable
energy projects using multi-technologies and to take large energy
intensive users off-grid. The Company provides a range of
innovative long-term renewable energy solutions, positively
improving the environment and benefiting the local community.
Innova is the smart future of green energy.
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SOURCE ReneSola Ltd.