ReneSola signs off on agreement to sell 10MW PV portfolio in the UK

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The two installations, located in North Yorkshire and Shropshire, feature a combined generation capacity of 10MW. Image: ReneSola

Solar project developer ReneSola announced Thursday that it has agreed to sell two ground-mounted PV projects in the United Kingdom to Greencoat Solar II LP, an investment company managed by Greencoat Capital LLP — one of the UK's largest dedicated renewable investment management firms.

The two installations, located in North Yorkshire and Shropshire, feature a combined generation capacity of 10MW and are qualified under the 1.2 Renewable Obligations Certificate (ROC) program.

Xianshou Li, chairman and chief executive officer of ReneSola, said: “The agreement demonstrates the strength of our ability to develop and monetize projects in the downstream segment of the solar industry. We are proud of our continued execution in the region and look forward to driving incremental project development globally.”

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