ReneSola Power and Novergy consent to co-develop solar projects in UK

• Solar project designer and driver ReneSola Power has actually entered a strategic collaboration arrangement with Novergy to establish utility-scale solar projects in the UK.

Solar project programmer and also driver ReneSola Power has actually entered a calculated partnership contract with Novergy to develop utility-scale solar projects in the UK.

Novergy is a subsidy-free solar system, which focuses on the source, development, design, optimisation, building and also appointing of such projects in the UK.

The business is directly associated with more than 1GW of large solar projects and also means to end up being a key player in the decarbonisation of the UK power industry.

Novergy CEO Florent Leblanc claimed: "We are delighted to be partnering with Renesola Power that is a long-lasting player in the solar industry as well as will certainly boost our funding as well as development abilities in the UK.

" This agreement with Renesola Power is a testament to Novergy's track record and a substantial step in the direction of our mission to develop 1GW of solar projects in the UK over the following couple of years."

Under the agreement, ReneSola Power as well as Novergy will develop a joint venture (JV) firm, which will certainly proceed the advancement of the existing pipeline of 100MW, with strategies to develop an additional 100MW capacity in the following 2 years.

ReneSola European Region CEO Josef Kastner stated: "We are delighted concerning this collaboration, as it integrates staminas and also competitive advantages of both firms, and supplies brand-new chances to enable further expansion into the UK market.

" We anticipate the JV to benefit both firms by developing an extra durable energy project portfolio while leveraging our knowledge in project development."

In August 2018, ReneSola authorized an exclusivity contract to offer its 206.8 MW of Distributed Generation (DG) running properties in China.

The contract has actually been authorized with an associate of Canada's Brookfield Asset Management (BAM), which purchases eco-friendly power organizations consisting of greater than 200 hydroelectric centers.