ReneSola sells stake in China DG solar subsidiary

PV project developer ReneSola has agreed to an equity investment agreement that will see an investor set aside US$31.4 million in cash to acquire 40.13% of Zhejiang ReneSola Investment Limited.

New York State approves 26 solar projects totalling 647MW

Billed as the ‘Largest Single Commitment to Renewable Energy by a State in U.S. History’ the State of New York announced a US$1.4 billion investment package and over US$3 Billion in direct investment in solar, wind and hydro energy projects, expected to generate around 3,000 jobs.