Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Renewable Solar

ReneSola Announced Agreement to Sell 15.4 MW Solar Parks in Romania

Urja Daily by Urja Daily
December 24, 2020
in Solar
Reading Time: 2 mins read
0
solar parks
Share on FacebookShare on TwitterShare on Linkedin

ReneSola Ltd has announced that it entered into an agreement to sell two ground-mounted solar parks in Romania with a combined capacity of 15.4 MW to Alternus Energy Group plc, pan-European Independent Power Producer (IPP).

The two ground-mounted solar projects include a 9.4 MW solar park located in the municipality of Costestii din Vale in Dambovita county and a 6 MW solar park located in the municipality of Dumbrava in Prahova county. The 9.4 MW plant is operated by Ecosfer Energy SRL, and the 6 MW plant is operated by Lucas Est SRL. Both Ecosfer Energy and Lucas Est SRL are special purpose vehicles (“SPVs”) that have been set up for the purpose of managing the construction and operation of the solar plants and the production of electricity.

RELATED POSTS

GAIL floats EPC tender for floating solar project in Uttar Pradesh

Scatec Secures Financing for Solar Power Project in Brazil

Alternus Energy expects to acquire the project-based SPVs associated with the 15.4 MW operating assets, which are owned by Luxemburg-domiciled Renesola New Energy S.A.R.L, ReneSola Power’s subsidiary that holds the Company’s projects in Romania. Alternus Energy’s acquisition of those two projects will be funded by the proceeds from the senior secured green bond and equity that it has recently issued.

Mr. Yumin Liu, Chief Executive Officer of ReneSola Power, commented, “We are excited to partner with Alternus Energy, and look forward to future collaboration. The proceeds from the sale of the operating assets will enable us to generate strong cash flow, realize profits and further strengthen our financial position. We have a strong pipeline of project activity. We look forward to pursuing other opportunities to develop, build and monetize solar projects globally, and believe our strategy resonates well with the development trend of solar energy.”

Mr. Vincent Browne, Chief Executive Officer of Alternus Energy Group, commented, “The acquisition of these projects from Renesola Power will increase our existing presence in Romania where we have operated for over 6 years now. These solar parks form part of our immediate 109 MW expansion across Romania, Italy and Poland, bringing our total operating portfolio to nearly 140 MW with an additional 1GW of projects in identified pipeline today. This also marks our first transaction with the Renesola Power team, and we look forward to many more successful acquisitions from the team as they complete their current and future pipelines.”

Tags: Alternus Energy GroupReneSolaSolar Parks
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

GAIL

GAIL floats EPC tender for floating solar project in Uttar Pradesh

by Palak
August 7, 2025
0

GAIL India Limited (GAIL) has issued an engineering, procurement, and construction (EPC) tender to set up a 17.5 MW (AC)...

Scatec

Scatec Secures Financing for Solar Power Project in Brazil

by Palak
August 7, 2025
0

Scatec ASA has reached financial close for its 142 MW Rio Urucuia solar project currently under construction in Minas Gerais,...

Waaree Energies

Waaree Energies Begins Production at New Manufacturing Facility in Gujarat

by Palak
August 7, 2025
0

Waaree Energies Limited has started production at its 1.8 GW solar module manufacturing facility in Chikhli, Gujarat. The facility increases...

Pine Gate and Meta

Pine Gate and Meta Sign Deal for New Solar Project in Texas

by Palak
August 7, 2025
0

Pine Gate Renewables and Meta have signed a renewable purchase agreement for a 210 MW solar energy project. The project,...

Vikram Solar

Vikram Solar Wins 250 MW PV Module Supply Order from Bondada Group

by Palak
August 5, 2025
0

Vikram Solar has secured an order from the Bondada Group to supply 250 MW of high-efficiency solar modules for a...

Next Post
ReneSola

ReneSola Announced Awarded 38 Solar Utility Projects in Poland

Delta Helps FPG to Create New Energy-Efficient Backbone Enterprise Data Center

Delta Helps FPG to Create New Energy-Efficient Backbone Enterprise Data Center

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

GAIL

GAIL floats EPC tender for floating solar project in Uttar Pradesh

August 7, 2025
CORE Energy

CORE Energy Systems Raises Rs 2 Billion to Expand Nuclear and Defence Manufacturing

August 7, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

GAIL floats EPC tender for floating solar project in Uttar Pradesh

CORE Energy Systems Raises Rs 2 Billion to Expand Nuclear and Defence Manufacturing

Scatec Secures Financing for Solar Power Project in Brazil

Gentari Inks PPA with AWS for 80 MW Wind Project

Waaree Energies Begins Production at New Manufacturing Facility in Gujarat

EU Greenlights €11 Billion French Offshore Wind Support Scheme

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved