Solar, Utility Scale

ReneSola To Develop 500-MW Utility Project & 5-MW Rooftop Project

ReneSola Ltd. has entered into a letter of intent with the Yancheng city government in Jiangsu province, to develop a 500-megawatt (MW) on-grid solar power generation project. In addition, the company has been granted the exclusive right in a letter of intent with the Panzhihua east district government in Sichuan province, to develop a 5-MW rooftop project. Both projects are subject to feasibility studies and approvals by various government authorities.

According to the letter of intent entered into with the Yancheng city government, ReneSola will develop a 500 MW on-grid power generation project in Jiangsu province, China. The project will consist of mainly ground-mounted system applications and 10 MW of rooftop installations to be built over a 6 year period.

“The 500 MW solar project in neighboring Jiangsu province is set to become one of the largest of its kind so far in China. A project of this magnitude will showcase ReneSola’s expertise in utility-scale solar applications and help raise our profile in the downstream space as we position ourselves to benefit from the government’s enhanced focus on renewable energy,” said Xianshou Li, ReneSola’s CEO.

According to the letter of intent entered into with the Panzhihua east district government, ReneSola will develop a rooftop project of no less than 600,000 square meters for new or existing government buildings, with installed capacity planned to reach 5 MW.