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 News

ReneSola, Eiffel Investment signs MOU for Joint Venture to Fund Solar Development

Urja Daily by Urja Daily
June 15, 2022
in News
Reading Time: 2 mins read
0
solar garden
Share on FacebookShare on TwitterShare on Linkedin

ReneSola has announced that it signed a Memorandum of Understanding (MOU) with Eiffel Investment Group (“Eiffel”), a leading asset management firm with 3 billion euros under management, to establish a joint venture that will provide financing for ReneSola Power’s current and future solar projects across Europe.

Under the terms of the MOU, ReneSola Power and Eiffel Investment Group will create a 51/49 joint venture company with ReneSola Power having a 51 percent ownership stake and Eiffel injecting new capital into the joint venture for a 49 percent ownership. The JV intends to develop up to 1 GW of solar projects in the next several years across Europe.

RELATED POSTS

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

Tesla Launches First Supercharger Station in India at Mumbai

Mr. Josef Kastner, CEO of ReneSola European Region, commented, “We are excited to form a joint venture with Eiffel Investment Group, a long-term strategic partner and proven leader in business financing. Our industry requires efficient and scalable financing models to meet demand. We expect the joint venture to help facilitate the development of our existing pipeline of project opportunities and prospective projects that meet our development criteria.”

Mr. Yumin Liu, ReneSola Power Chief Executive Officer, added, “We received a handful of offers across Europe and ultimately selected Eiffel for this partnership. The new joint venture clearly demonstrates Eiffel Investment Group’s confidence in our ability to successfully develop and build projects in various target markets. Importantly, the joint venture fits well with our growth strategy, enabling us to further expand our project development activities across Europe and set a high standard for the sustainable development of the solar industry. “

Mr. Pierre-Antoine Machelon, Managing Director at Eiffel Investment Group, said, “We are very excited by this promising expansion of our partnership with ReneSola Power. This innovative transaction leverages their strong experience of PV development in Europe and our capacity to bring financial resources at the most critical stages of the projects’ life cycles.”

Eiffel Investment Group will make capital contributions to the joint venture as qualifying projects are constructed in the targeted markets of Europe. ReneSola Power will lead the project identification and development process. Both partners will then determine the best methodology to value the projects. Once constructed, the projects will be sold by the joint venture.

Germany-based Capcora served as financial advisor to ReneSola Power for the fundraising process, managing a structured bidding process, evaluating the pipeline and developing a suitable joint venture structure.

Tags: Eiffel InvestmentEuropeReneSola Power
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

CORE Energy

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

by Palak
August 7, 2025
0

Reportedly, CORE Energy Systems has raised Rs 2 billion in a fresh funding round led by investors and a consortium...

Tesla

Tesla Launches First Supercharger Station in India at Mumbai

by Palak
August 6, 2025
0

Reportedly, Tesla has inaugurated its first supercharger station in India which is located at the P1 parking level of One...

NTPC Emerges

NTPC Emerges Winner in SECI’s Green Ammonia Auction

by Palak
August 6, 2025
0

NTPC Renewable Energy Limited has won Solar Energy Corporation of India’s (SECI) auction to supply 70,000 tonnes per annum of...

NITI Aayog

NITI Aayog Unveils IEMI Dashboard to Monitor State-wise EV Progress

by Palak
August 6, 2025
0

NITI Aayog has launched the India Electric Mobility Index (IEMI) to track the progress of states and union territories (UTs)...

Eicher Training

Eicher Training Van Skilling 300+ Students Under ASDC-VECV Initiative

by Palak
August 5, 2025
0

New Delhi — In a powerful push to bridge the gap between engineering education and industry readiness, the Automotive Skills Development...

Next Post
Iridium Edge Solar Provides Upgraded Capabilities for Satellite IoT Tracking and Asset Management

Iridium Edge Solar Provides Upgraded Capabilities for Satellite IoT Tracking and Asset Management

Global EV Battery Market 2021-2024 with Samsung Sdi, Quallion, Boston-Power & LG Chem Power

Global EV Battery Market 2021-2024 with Samsung Sdi, Quallion, Boston-Power & LG Chem Power

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