ReneSola Sells 6.8 MW Solar Assets in Canada to Grasshopper Energy
- New York-listed international solar project developer ReneSola Power has actually participated in a sale arrangement with Canada headquartered Grasshopper Energy for its collective 6.8 MW of solar profile in Canada.
ReneSola has actually unloaded its operating projects situated in Canada, which included fifteen solar plants under growth, amounting to 6.8 MW of ability.
Furthermore, these 15 projects were certified under the Canadian feed-in toll system, which was ultimately ceased in late 2016, the project developer claimed.
The business asserted that the eco-friendly power projects created by it around the world provided appealing returns.
On the existing circumstance of the marketplace scenario, Yumin Liu, CEO of ReneSola Power, stated that "regardless of the tough market problems as a result of the Coronavirus episode, we remain to implement on our technique and also show our capability to generate income from solar possessions throughout North America."
"This purchase builds on our effective record in the area and also creates strong operating capital, which will certainly be made use of in the implementation of our present method. We take pride in our development as well as are positive regarding our chances throughout various locations for rewarding development in the quarters in advance," Liu included.
"Grasshopper has actually been a superb companion in funding this profile, as well as we are enjoyed shut the purchase. We anticipate teaming up with them on various other chances," claimed John Ewen, CEO of ReneSola Power North America.
Azeem M. Qureshi started Grasshopper Solar establishes and also very own tidy power possessions internationally. Currently, the firm possesses USD 1.8 billion of possessions. It likewise has an advancement pipe of USD 6.5 billion around the world.
