ReneSola to Develop 13MW Solar Farm Project in United Kingdom
JIASHAN, China, Sept. 2, 2014 /PRNewswire/ -- ReneSola Ltd ("ReneSola", or the "Company") (www.renesola.com) (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced that it will develop a 13MW solar project in Dorset, England. The Company expects the solar farm to be fully operational and connected to the national energy grid by end of this year.
The Company has identified a number of potential buyers for the project, which received planning consent in January 2014 and is eligible for the United Kingdom's support scheme to promote renewable electricity-generating technologies. The project will feature ReneSola PV modules exclusively, specifically the Company's top-rated Virtus II.
"While we remain focused on our retail and residential-oriented business development, we selectively pursue project opportunities across our key markets when we identify good value and when the projects are in line with our broader strategic objectives," said Mr. Xianshou Li, ReneSola's chief executive officer. "The United Kingdom is one of our best-performing markets, and one of the world's fastest-growing major solar markets, while the new project will further strengthen our leading market position in UK. The 13MW Dorset project will be one of a series of selective projects we plan to build in the coming quarters."
For more information, please visit www.renesola.com.
Founded in 2005 and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of green energy products. Leveraging its global presence, and expansive OEM and sales network, Renesola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.
For investor and media inquiries, please contact:
Ms. Juliet Yang
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Mr. Justin Knapp
Ogilvy Financial, U.S.
SOURCE ReneSola Ltd.