ReneSola offloads 55 MW of Polish PV projects to ASI
Solar modules near garden. Featured Image: Jim Parkin/Shutterstock.com
ReneSola Ltd (NYSE:SOL) today said it has sold a 55-MW portfolio of solar projects to asset manager Aberdeen Standard Investments (ASI) for an undisclosed sum.
The Chinese firm is the developer of the 34 projects, all of which have in place 15-year contracts under Poland's Contract for Difference (CfD) incentive scheme. The power plants will be located mostly in the southwestern and central parts of Poland.
The acquisition is ASI’s fourth investment in the Polish renewable infrastructure market. Last week, the asset manager closed the purchase of a 45.5-MW portfolio of photovoltaic (PV) parks in Poland from local group R Power. Its head of economic infrastructure, Dominic Helmsley, said at the time that ASI is keen to play an active role in the Polish PV sector, adding that the solar market there benefits from a supportive regulatory framework.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.