ReneSola Announces Solar Project Partnership For Italy

ReneSola Joins Hands With UK’s Utility Scale Developer PV Systems

ReneSola Announces Solar Project Partnership For Italy

ReneSola has been actively pursuing opportunities to grow in its core markets of the US and Europe, and said it will continue to do so. It has now announced a partnership with Emeren for the Italian PV market. Pictured is a PV project in a European nation. (Photo Credit: Peteri/Shutterstock.com)

  • ReneSola and Emeren will jointly explore Italian solar power market under a strategic partnership agreement
  • Both target to achieve 110 MW shovel-ready ground mounted projects in Italy by 2022
  • The 2 partners claim to have a pipeline of several transactions scheduled for 2021

ReneSola Ltd, a Chinese solar project developer that is now headquartered in the US, is expanding its presence in the Italian solar market. It has signed a strategic partnership agreement with UK based utility scale solar power and battery storage projects developer Emeren Limited.

Together, the 2 partners plan to co-develop ground mounted solar power projects in Italy with a target to reach 110 MW shovel-ready projects by 2022. They said they have a pipeline of several transactions scheduled for 2021.

Emeren claims to have over 1 GW of projects under development at mid-to-early stage, all backed by institutional investment. It also has subsidiaries in Italy and Switzerland.

ReneSola’s CEO Yumin Liu said the co-development agreement is aligned with its growth strategy, and that it looks forward to pursuing other growth opportunities to co-develop projects across Europe.

ReneSola has been expanding its presence in the US and European markets through joint ventures and collaborative agreements as with Emeren, in line with its target to report a 2 GW project pipeline in these core markets by the end of 2021 (see ReneSola Signs JV Agreement With Eiffel Investment).

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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