ReneSola divests 55 MW Polish solar portfolio to Aberdeen Standard Investments
Date
October 10, 2019
Type
M&A Transactions
Subtype
Transaction completed
Countries
Poland
Subsectors
Photovoltaic
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ReneSola Ltd and Aberdeen Standard Investments (ASI) have announced that ASI acquired 100% stake in a 55 MW portfolio of ground-mounted solar farms developed by Renesola.
The portfolio consists of 34 state-of-the-art individual projects. All of the projects have been awarded a 15-year contract-for-difference (CFD) support mechanism, ensuring stability of electricity pricing for the projects. The portfolio of these solar projects is entirely located in Poland, mostly in the southwestern portion and at the center of the country.
