ReneSola Power Closes Sale of 10 MW of Solar Projects in Utah
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STAMFORD, Conn., April 8, 2021 /PRNewswire/ ReneSola Ltd. ( ReneSola Power or the Company ) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it closed the sale of an approximately 10 MW portfolio of solar development projects to Greenbacker Renewable Energy Company ( Greenbacker ). The sale continues a successful track record in North America. This sale will positively contribute to 1Q 2021 results and was not in the original first quarter guidance.
The portfolio consists of three ground-mounted commercial distributed generation sites located in Utah. The projects are so-called behind the meter and will sell electricity directly to two off-take parties. The projects are being sold at the Notice to Proceed (NTP) stage, and Greenbacker will complete the construction and retain long-term ownership
ReneSola Power Closes Sale of 10 MW of Solar Projects in Utah
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ReneSola Power Closes Sale of 10 MW of Solar Projects in Utah
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ReneSola Power Closes Sale of 10 MW of Solar Projects in Utah
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