ReneSola Ltd (NYSE: SOL) ("ReneSola Power" or the "Company"), a leading fully-integrated solar project developer, today announced the closing of the sale of a portfolio of operating projects located in the United Kingdom to Atmosclear Investments Ltd, an European renewable energy and cleantech private equity group.
The portfolio comprises 1,509 residential rooftop projects located in Scotland, with a combined capacity of 4.3 MW. These projects are qualified under the feed-in tariff scheme and have been operating since 2015.
Mr. Yumin Liu, ReneSola Power Chief Executive Officer, commented, "We are excited to partner with Atmosclear Investments, and we look forward to building on this transaction and expanding our partnership with future opportunities. Importantly, we continue to execute on our strategy and optimize our solar assets through strategic sales, which enables us to generate cash flow, realize profits and further strengthen our balance sheet. We are proud of our execution, and remain optimistic about our opportunities across different geographies in the quarters ahead."
Key data points: The growth forecast = 24.3% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunities and forecasts in photovoltaic customized component market to 2031 by type (photovoltaic balcony module, photovoltaic street light module, photovoltaic container power generation warehouse, photovoltaic roof, and others), application (industrial, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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