ReneSola to co-develop solar projects in Italy with Emeren

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The developers will aim to reach 110MW of shovel-ready projects by 2022. Image: ReneSola.

ReneSola Power has formed a partnership with UK-based Emeren to co-develop ground-mounted solar projects in Italy.

The solar developers will work on plants of different sizes across the country, with a target of reaching 110MW shovel-ready projects by 2022. 

“Together with Emeren, we expect to bring a range of high-quality projects to the Italian market, enabling further growth in the region,” said Josef Kastner, CEO of ReneSola Power European region.

ReneSola ended the first quarter of the year with a late-stage project pipeline of 1.3GW spread across eight markets: the US, Poland, the UK, Spain, China, France, Hungary and Germany. CEO Yumin Liu said at the time that the company was considering expanding into two or three European countries.

The firm has since further bolstered its position in Poland, picking up 33MW of solar projects under the country’s recent renewables auctions.

Its expansion in Italy comes after the country installed 625MW of new solar PV in 2020 and 174MW in Q1 2021, according to SolarPower Europe’s Global Market Outlook report. The trade body recently called on Italy’s government to remove permitting restrictions to speed up solar deployment.

Other developments in the country’s energy sector have seen transmission system operator Terna earmark €18.1 billion (US$21.4 billion) over the ten years to strengthen the grid and support the integration of more renewables projects. It said the plan will make it possible to reduce carbon emissions by 5.6 million tonnes per year.

Read Next

May 19, 2022
German asset manager KGAL Investment Management has acquired a majority stake in Italian renewables developer Baltex Progetti through its fund KGAL ESPF 5.
May 10, 2022
Cero Generation, a solar portfolio company of Macquarie’s Green Investment Group (GIG), has closed financing on its first corporate power purchase agreement (PPA)-enabled agrivoltaic project in Italy.
April 1, 2022
Enel Green Power (EGP) has signed a grant agreement with the European Commission for a 3GW PV module plant in Catania, Italy, with an R&D commitment to pursue tandem cell production in the coming years.
March 25, 2022
Italian grid operator Terna will invest €9.5 billion (US$10.45 billion) to help improve the country's national transmission grid and build cross-border interconnections, paving the way for easier access for renewables.
March 24, 2022
Solar developer ReneSola Power more than doubled its project pipeline in 2021 and expects to maintain growth this year amid increasing demand for renewables generation as European markets look to achieve more energy independence.
March 16, 2022
Italian independent power producer (IPP) ERG will scale up its European PV portfolio as it aims to almost double its installed renewables capacity in the next five years.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas