ReneSola sells North Carolina project to Panda Green Energy

By Editor


ReneSola signed an agreement to sell a portfolio of its ground-mounted projects located in North Carolina, United States to Panda Green Energy Group, an operator focusing on renewable energy sector.

The ground-mounted projects — powered by ReneSola’s Virtus II 320W and 325W modules — have an aggregate capacity of approximately 24MW and will sell the power generated to a local utility under a 15-year power purchase agreement. The projects are expected to be connected to the grid by December 2017.

ReneSola CEO Xianshou Li said: “The U.S. remains a key market for us; our project pipeline in the U.S. consists of over 100MW of mid-to-late stage projects, and we continue to expect the region to be a major growth market in the years ahead.”

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