ReneSola Ltd today announced that it has sold its 13.5MW Wedgehill utility scale solar project in the United Kingdom to a solar energy generator in the UK.
"The closing of the Wedgehill project represents our second successful sale from our UK project pipeline this year," said Mr. Xianshou Li, ReneSola's chief executive officer. "Our progress in developing and selling high-quality, utility scale projects demonstrates our execution capabilities and reflects our commitment to our strategic shift toward downstream services and projects. We still have more than 76MW of total projects in our portfolio which we plan to monetize as we continue to expand and develop our downstream presence."
The Wedgehill project, which utilizes ReneSola's Virtus II modules, was connected to the grid in December 2014 and is qualified for the UK's 1.4 R.O.C scheme.