ReneSola in pact with UCK for solar projects in Turkey

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ReneSola today announced a deal with UCK Group, a Turkish solar energy solution provider to develop solar power projects in Turkey with a total installed capacity of 116 MW.

All of the projects are unlicensed thus qualifying for the Feed-in-Tariff of $134/Mwh.

As per the deal, UCK Group’s Berak Enerji will construct the solar power plants, while ReneSola will design the plants and supply solar modules and inverters.

With the start of operation, the projects will be transferred into a new joint venture in which Renesola and UCK Group will each hold 50 percent. The joint venture intends to own 70 MW of the operating projects by early 2017.

Xianshou Li, chief executive officer of ReneSola, said: “This partnership enables both companies to gain traction on the attractive Turkish PV market, while also demonstrating our technology and competitive advantages.”