ReneSola, a leading US solar project developer, and Emeren, a UK-based solar and battery energy storage developer, have launched their first solar energy project in Italy. It is a 7-megawatts ground-mounted solar project located in southern Italy.
Firstly, the project is the first coming out of a partnership between ReneSola and Emeren. As we reported previously, back in July, the parties agreed on a strategic alliance to launch solar energy projects across Italy. The target of the partnership is to reach 110 MW of shovel-ready projects by 2022.
Consequently, this first 7MW solar project is the first of many steps to come out of the partnership. About the matter, Josef Kastner, CEO of ReneSola Power European Region, said. “With the launch of this project, our partnership with Emeren is off to a great start.”
He also remarked. “At Renesola Power, we focus on accelerating solar development in Europe, and together with Emeren, we continue to expect to bring a range of high-quality projects to the Italian market, driving growth in the region.”
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ReneSola expanding footprint in Europe
Furthermore, Enrico Bocchi, Chief Operating Officer of Emeren, commented. “We are delighted to work alongside ReneSola Power on this first project and provide our steady contribution to the clean energy transition.”
In addition, the executive commented that the whole Emeren team is confident in the future of the partnership.
On the other hand, Emeren is not the only partner of ReneSola’s in Italy. In October, the US developer announced it had partnered with Italian Terra Aurea Gela. Both companies intend to develop ground-mounted projects across the country and to have several transactions ready for 2022.
As a result, Rene Sola will experience substantial growth in the European market. In fact, in June, the Company also secured contracts during Poland’s electricity auction to develop 30 solar energy projects across the nation. Those projects would have a capacity of 1 to 4MW.
