ReneSola Ltd. today announced the signing of a strategic partnership agreement with Terra Aurea Gela S.r.l to co-develop ground-mounted solar projects in Italy, with a pipeline of several transactions scheduled for 2022.
As part of the agreement, ReneSola Power and Terra Aurea Gela will develop projects in a broad range of sizes across the country. The two companies expect the collaboration to further strengthen their presence in the Italian market.
Mr. Josef Kastner, CEO of ReneSola Power European Region, commented, "We are excited to work together with Terra Aurea Gela S.r.l. ReneSola Power is committed to accelerating solar development in Europe, and together with Terra Aurea Gela, we expect to bring a range of high-quality projects to the Italian market, driving further growth in the region."
Mr. Yumin Liu, ReneSola Power Chief Executive Officer, added, "The co-development agreement with Terra Aurea Gela aligns with our growth strategy, enabling us to expand our project development activities in Italy. We look forward to pursuing other opportunities to co-develop projects across Europe."