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Pending feasibility studies and approvals by various government authorities, ReneSola Ltd. has signed a letter of intent with the Yancheng city government, Jiangsu province, for the construction of a 500MW on-grid solar power plant. The company has also gained approval in a letter of intent with the Panzhihua east district government in Sichuan province for the development of a 5MW rooftop project, also subject to approval by authorities.
The 500MW project is planned to be situated in Jiangsu province, China, will comprise ground-mounted system applications as well as 10MW of rooftop installations, which will be installed over a six-year timeframe.
Further west, the 5MW Panzhihua project will be constructed on an area of 600,000 square metres for new or existing government buildings.
"We are delighted to announce the addition of these new projects to our downstream solar project portfolio," said Mr. Xianshou Li, ReneSola's CEO. "The 500MW solar project in neighboring Jiangsu province is set to become one of the largest of its kind so far in China. A project of this magnitude will showcase ReneSola's expertise in utility-scale solar applications and help raise our profile in the downstream space as we position ourselves to benefit from the government's enhanced focus on renewable energy."
The news comes shortly after the announcement that ReneSola Ltd. has commenced trial production on its first batch of polysilicon at its Sichuan poly plant.
