ReneSola to sell 26 MW of solar projects in the UK
Chinese solar company ReneSola has announced that it has signed agreements to sell its six utility-scale projects in the UK to a European investor. These projects have a combined capacity of approximately 26 MW.
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 US$0.077/kWh and eligible for a guaranteed export tariff of US$0.061p/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."
Country news
-
-
December 02, 2016
Foresight Solar Fund acquires remaining minority stakes in three solar farms in the UK
Foresight Solar Fund Ltd has announced it has acquired the remaining minority stakes in three solar farms in the UK.
Read more -
December 02, 2016
Iona acquires 1.8 MW Anaerobic Digestion plant located near Silloth, Cumbria
Iona has acquired Dryholme Biogas, a 1.8 MW Anaerobic Digestion plant located near Silloth, Cumbria. The plant is accredited under the Government’s Feed in Tariff scheme and has been processing by-products from a local dairy alongside agricultural feedstocks.
Read more -
November 23, 2016
TRIG acquires Freasdail Wind Farm increasing portfolio capacity to over 700MW
TRIG has completed the acquisition of a 100% interest in Freasdail Wind Farm, a 22.55 MW onshore wind project in Scotland. Read more -
November 21, 2016
3i Infrastructure plc announces acquisition of Infinis
3i Infrastructure plc has signed an agreement to invest approximately £185 million (USD$232 million) to acquire 100% of Infinis plc and its subsidiaries which together own the landfill gas (LFG) interests of the Infinis Group. Read more -
November 18, 2016
Ingenious acquires solar park in the UK from Solarig
Ingenious Estate Planning has completed the acquisition of a 5 MW ground mounted solar plant, Morton Wood Solar PV Plant, from Solarig, the Spanish EPC contractor. Read more
