Renesola to build 550MW of solar projects in 2017

Facebook
Twitter
LinkedIn
Reddit
Email
In the US, ReneSola plans to construct 108MW of projects in 2017. Image: ReneSola

Solar project developer ReneSola announced its updated outlook for its solar portfolio in 2017 — noting that it currently has 335MW of projects that are currently under construction, with 550MW worth of total generation capacity planned for this year.

In the US, ReneSola plans to construct 108MW of projects in 2017, of which 70 MW are community solar installations. These projects will be developed in California, North Carolina and Minnesota. Within the UK, ReneSolar plans to develop 14MW of projects in 2017 — of which 10MW are under the 1.2 Renewable Obligation Certificate (ROC) program and expected to be connected to the grid by March 2017.

In January 2017, ReneSola was awarded 13 PV utility solar projects in southern Poland, each with an installed capacity of 1MW. These installations are expected to be operational by December 2017.

In Canada, ReneSola plans to develop approximately 9MW of small-scale utility projects under the Feed-in Tariff (FiT) 3.0, while the company also expects to develop 13MW worth of projects in Turkey.

ReneSola also boasts 393MW of PV rooftop projects in “shovel-ready” stage in China.  All of the projects have been filed with National Development and Reform Commission, while ReneSola has obtained legal rights to develop these projects. The projects are located in Zhejiang, Jiangsu, Anhui, Jiangxi, Shandong, Hubei, Henan, Hebei, Shanxi, Fujian and Guangdong Provinces.

Xianshou Li, chairman and chief executive officer of ReneSola, said: “We now anticipate fewer external module shipments in the first quarter of 2017 as we had redirected more module sales to our own downstream projects. That said, we expect project sales to pick up in the second quarter. Overall, we remain optimistic about our project development business.  We continue to gain traction in the domestic Chinese distributed generation market and remain focused on executing our efforts in developed markets which are expected to have stable returns and healthy cash flow.  We look forward to further growing this business in the quarters ahead.”

Read Next

PV Tech Premium
September 23, 2022
Community solar in the US is projected to grow substantially over the next decade and represents a means of expanding access to underserved communities who are being left out of the energy transition. Sean Rai-Roche explores the drivers of community solar and what obstacles need to be overcome to support its rollout.
September 19, 2022
California Governor Gavin Newsom has signed a proposed community solar programme into law that will help low income communities benefit more from solar PV.
September 1, 2022
California’s Senate has passed a bill to create a community solar programme in the state as it looks to take advantage of new incentives contained within the Inflation Reduction Act to expand access to renters and low-income households.
August 26, 2022
Toronto-based renewables developer Amp Energy has closed on a US$155 million tax equity and debt financing round for its solar-plus-storage portfolio in the US.
PV Tech Premium
August 22, 2022
PV Tech Premium has examined the current state of community solar in the US and has broken down what the Act means for the sector moving forward.
August 9, 2022
Solar tracker maker FTC Solar and energy contractor AUI Partners have teamed up to provide solar tracking solutions for distributed generation (DG) projects under 20MW within an eight week time frame.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)