Renesola Power, a solar company, has won the development pipeline capacity of Emeren, a utility scale solar and battery project in the UK, which exceeds 2.5GW, including more than 2GW of solar projects and more than 500MW of storage projects.

These projects are funded by institutional investors. The company employs more than 22 colleagues and was previously a strategic partner of Renesola in the joint development of ground solar energy and storage projects in Italy. Chief Executive Officer Guido Prello said that I am very excited about this acquisition because it provides a unique synergy. Renesola Power's important project development expertise and resources will make us stronger and more dynamic, and benefit our partners and trusted customers. At the same time, we have a deep understanding of the Italian market and other major European solar markets. I believe that we will achieve the milestone of solar energy development and storage in the next few years and make a significant contribution to the long-term growth of Renesola Power.

Yumin Liu, CEO of Renesola Power, said that Renesola Power is committed to accelerating the development of solar energy in Europe, which is our largest market in the world.

The timing of this acquisition is very good, because it has increased our project pipeline in Europe. At the same time, due to the shortage of supply and favorable regulatory conditions, the price of solar energy purchase agreement has risen significantly. In addition, as we expand our business footprint to Italy and other European countries, Emerson's reputation, financial position and industry experience are valuable assets for Renesola Power. Keywords: overseas news, engineering news

In January 2021, Renesola and Eiffel Investment Group announced plans to jointly develop 1GW of solar power generation capacity in Europe. As part of this, the two companies agreed to form a joint venture to develop solar energy projects.Editor/Xing Wentao