ReneSola to market 37 MW of additional Polish solar assets to Obton

• ReneSola Ltd (NYSE: SOL) has actually lately closed on the sale of 37 MW of solar projects in Poland to Danish investment firm Obton for an undisclosed amount.

The divested portfolio consists of 37 shovel-ready solar utility projects, primarily with specific capacities of 1 MW and also one of 4 MW. They get contracts for distinction (CfDs) and also are eligible for a 15-year ensured tariff. Each of them need to be finished within the next year.

ReneSola Power CEO Yumin Liu kept in mind that Poland is "a specifically appealing market" for the company as well as added that they expect it to produce profitable growth in the quarters ahead.

The business additionally sold a 38-MW portfolio to the same purchaser in July. Upon closing of the current sale, ReneSola Power will supervise of engineering, procurement and also building and construction (EPC) management, project financing and final distribution of the projects.