ReneSola offers 15.4 MW solar parks in Romania to Alternus for 24 mln euro

Mar 25, 2021 01:51 PM ET
  • US-based solar energy project developer ReneSola Power claimed on Thursday that it has finished the sale of 2 ground-mounted solar parks in Romania with a total capacity of 15.4 MW to European independent power producer (IPP) Alternus Energy Group for 24 million euro ($28.35 million).

The sale enclosed December 2020 as well as will be shown in the firm's 4th quarter 2020 outcomes, ReneSola said in a news release.

The two solar parks - a 9.4 MW energy facility in Costestii cacophony Vale district in Dambovita region, and a 6 MW installation in Dumbrava community in Prahova county, are run by local companies Ecosfer Energy as well as Lucas Est - unique purpose automobiles set up to take care of the building and construction and procedure of the solar parks.

"The sale continues enabled us to produce solid capital, understand significant revenues and further strengthen our economic placement. We take pride in our team's implementation, and also think we are well-positioned to expand in important European markets like Romania." ReneSola Power Chief Executive Officer Yumin Liu stated.

Rene Sola revealed the sale at the end of 2020. The company was founded in 2005 and detailed on the New York Stock Exchange in 2008.

Dublin, Ireland-headquartered Alternus Energy has and also runs a portfolio of utility-scale solar photovoltaic or pv parks that link directly to nationwide power grids. The company has functional solar parks in Germany, Italy, Romania, and also the Netherlands.

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