ReneSola wins REC contracts for 40 MW US solar

• Solar project designer and also operator ReneSola Ltd (NYSE: SOL) said today it has actually won 20-year Index Renewable Energy Credit (REC) contracts for two solar projects in the US completing 40 MW.

The company has actually taken part in New york city State's recent purchase round and won an agreement from the New York State Energy Research and Development Authority (NYSERDA) in connection with a 20-MW solar project in Massena, to be referred to as Roosevelt Solar. This project will certainly feature 2 MW of battery storage space capacity.

The New york city state renewables procurement resulted in total awards of concerning 2.4 GW of solar as well as 160 MW of energy storage space, as announced previously this month.

Additionally, in May, the Illinois Commerce Commission (ICC) has actually awarded ReneSola a similar contract for a 20-MW solar project in Wilmington, Illinois, under the state's brand-new REC programme.

Illinois intends to get to 40% share in renewable energy by 2030 and 50% by 2040.