ReneSola and Aberdeen Standard Investments Announce the Acquisition of a 55MW Portfolio of Solar Assets in Poland
Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL)
Last emeren group ltd american depositary shares, each representing 10 shares earnings: 11/19 06:30 am
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ir.renesolapower.com
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Source: PR Newswire
SHANGHAI, Oct. 7, 2019 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, and Aberdeen Standard Investments ("ASI"), a leading global asset manager, today announced that ASI acquired 100% stake in a 55 MW portfolio of ground-mounted solar farms developed by Renesola.The portfolio consists of 34 state-of-the-art individual projects with a total installed capacity of 55MW. All of the projects have been awarded a 15-year contract-for-difference ("CFD") support mechanism, ensuring stability of electricity pricing for the projects. The portfolio of these solar projects is entirely located in Poland, mostly in the southwestern portion and at the center of the country.Mr. Dominic Helmsley, Head of Economic Infrastructure at Aberdeen Standard Investments, commented, "This acquisition marks our fourth investment in the Polish renewable infrastructure market, as we continue to execute on our strateg
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