ReneSola sells two projects in Bulgaria to Solar World Invest Fund

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ReneSola has sold two projects – with capacity of 5 MW and 4.7 MW – at Sliven in Bulgaria to Solar World Invest Fund SIF.

ReneSola aims to cut debt by utilizing the proceedings.

ReneSola says its Nove ECO and MG Solar power stations have produced attractive cash flows since their completions in the summer of 2012.

Xianshou Li, chief executive officer of ReneSola, said: “Our current project development strategy is to build and transfer select projects in order to enhance our cash flow and pay down debt.”

ReneSola aims to sell more projects from its 641 MW in pipeline.

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