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ReneSola Power Closes Sale of 70MW Solar Projects

ReneSola Power closes the sale of a portfolio of approximately 70MW of solar development projects to AB CarVal.

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ReneSola Power closes the sale of a portfolio of approximately 70MW of solar development projects to AB CarVal.

A large portfolio of solar projects

Rene Sola Power is one of the leading developers and operators of solar projects in the world. The group is selling a 70MW portfolio of solar projects to AB CarVal in Pennsylvania. AB CarVal is an alternative investment fund based in Minneapolis, Minnesota.

This portfolio contains three ground utility projects in Pennsylvania. This sale will be official at the time of the notice of realization. When AB CarVal completes construction and takes long-term ownership.

For ReneSola Power, employees seem excited about the sale. Mr. John Ewen, President and CEO of ReneSola Power North America, said:

“The development of the project is complicated and AB CarVal has shown patient and consistent commitment throughout the process.”

In addition, these sales represent years of commitment to the development of solar energy in the U.S. market.

An enthusiastic partnership

On the other hand, the President and CEO of Rene Sola Power, Mr. Yumin Liu, is a perfect example of this sales drive:

“We continue to successfully execute our strategy to sell NTP in one of our most important markets, the United States. AB CarVal is an excellent partner in this portfolio, and we are delighted to close this transaction. We look forward to working with them on future opportunities.”

On the AB CarVal side, employees recognize ReneSola Power’s extensive experience in creating solar projects. The group likes to play a role in the country’s sustainable energy policy.

This corresponds to the values of the group. Jerry Keefe recognizes that it is rewarding to be part of expanding access to renewable energy in the United States. In addition, AB CarVal is deploying over $3 billion in clean energy.

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