Joint Venture between Renesola and Eiffel acquires first 200 MW portfolio
Post date: 20/09/2021 - 08:01
Chinese solar project developer Renesola Ltd. announced that European Solar Energy Development JV, the joint venture company established between Renesola and Eiffel Investment Group, completed the acquisition of its first batch of solar projects with a combined capacity of 200 MW. Locations include Spain, France and Poland. Eiffel provided the capital to fund the development of those projects.
In May 2021, Renesola and Eiffel created European Solar Energy Development JV with Renesola having a 51 percent ownership stake and Eiffel a 49 percent. The joint venture company intends to develop up to 700 MW of solar projects in the next three years across Europe. As reported, in January, the companies announced to develop 1 GW of solar capacity in Europe.