ReneSola discovers companion to co-develop Italian solar projects

• ReneSola Ltd (NYSE: SOL) introduced on Monday it has partnered with Terra Aurea Gela Srl to co-develop ground-mounted solar projects in Italy.

The duo will certainly work with projects in a broad series of dimensions across the country as well as plan several transactions next year.

"ReneSola Power is devoted to speeding up solar growth in Europe, and along with Terra Aurea Gela, we anticipate to bring a variety of premium projects to the Italian market, driving additional growth in the region," stated Josef Kastner, CEO of ReneSola Power European Region.

Yumin Liu, ReneSola Power's chief executive officer, subsequently, commented that the business additionally wishes to pursue various other possibilities to co-develop projects across Europe.