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ReneSola (SOL) Announces Connection of 26-MW in UK Solar Projects

July 5, 2016 6:38 AM EDT

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ReneSola Ltd (NYSE: SOL) announced the completion and grid connection of six utility-scale projects in the United Kingdom in June 2016. These projects have a combined capacity of approximately 26 MW. ReneSola managed the design and construction of these projects, and will provide ongoing operation and maintenance services until final acceptance.

Powered by ReneSola's Virtus II modules, the six projects are located in Carlam Hill Farm (Yorkshire), North Wales, and Monmouthshire. All of these projects are pre-accredited with tariff rate of 6.16p/kWh and eligible for a guaranteed export tariff of 4.91p/kWh.

Xianshou Li, ReneSola's Chief Executive Officer, said, "We are pleased to build on our track record and announce the grid connection of the six community solar projects in the United Kingdom, as we continue to execute our downstream strategy in the region. These projects continued to demonstrate our strong competitive advantages in developing downstream projects, and we look forward to driving incremental project development around the world."



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