ReneSola Power Ltd has signed an agreement to sell a 12MWp solar project in Spain. ReneSola Ltd is a leading fully integrated solar project developer.

The 2 projects in the 12 MW project are located in the municipalities of Caravaca de la Cruz, Murcia. The company will sell the plants when they are ready to be commissioned. The projects will be ready by early 2022.

The Caravaca Project is the most advanced project in ReneSola Power’s over 300 MW pipeline of projects at different development stages in Spain.

Mr Patrick Lemcke-Braselmann, Managing Director of aream, commented, “ReneSola Power is a prestigious global solar project developer doing excellent work in Europe. This new partnership enabled ReneSola Power to contribute to our non-profit PowerOneForOne Foundation that supports selected rural electrification projects in developing countries. We are excited to grow our portfolio exposure to solar energy by adding the Caravaca Project in Spain.  This is a high-quality project that will offer us attractive returns over the life of the installation. This transaction can definitely serve as a role model for further joint transactions.”

Reference: ir.renesolapower.com