ReneSola has sold a portfolio of ground-mounted solar parks to Modus Asset Management, a Vilnius, Lithuania-based investment management company specializing in renewable energy investments.
The portfolio was developed and constructed by ReneSola Power and comprises 16 state-of-the-art projects equipped with bifacial solar panels and a combined capacity of 16 megawatts. All of the projects have been awarded a 15-year contract-for-difference (CfD) support mechanism in Poland, ensuring stability of revenue for the projects.
“Despite ongoing challenging macro conditions related to COVID-19, our European team continues to execute on our strategy and optimize our solar assets through strategic sales across different geographies,” said Josef Kastner, CEO of ReneSola Power’s European region. “We remain optimistic about our opportunities in Eastern Europe, where a supportive regulatory and financing environment will enable us to grow in the region over the next several
