Stamford’s ReneSola Power to build utility-scale U.K. solar projects

Stamford-headquartered ReneSola Power has partnered with British-based Novergy solar platform to co-develop utility-scale solar power projects in the U.K.

The companies will form a joint venture company focused on expanding Novergy”™s existing pipeline of 100 MW in solar projects, with the goal of creating at least another 100 MW of utility-scale projects in the next few years.

“Business momentum continues,” said Yumin Liu, CEO of ReneSola Power. “This is the second joint venture we have announced in a month, and we look forward to working with our partners to expand our reach in Europe. We believe this once again represents an important step for us to grow our global pipeline in the next several quarters and beyond.”

“We are excited about this partnership, as it combines strengths and competitive advantages of both companies, and provides new opportunities to enable further expansion into the U.K. market,” said Josef Kastner, CEO of ReneSola”™s European region. “We expect the joint venture to benefit both companies by building a more robust utility project portfolio while leveraging our expertise in project development.”