Solar PV developer ReneSola announces plans to construct over 550 MW in 2017

Fully-integrated solar photovoltaic (PV) project developer ReneSola Ltd (Shanghai, China) on March 8^th, 2016 provided an updated outlook for its project business.

According to the company, ReneSola currently has approximately 335 MW of PV projects that are under construction and plans to construct over 550 MW in 2017.

During the construction phase, the projects will be financed by construction loans and also funded by the payment installments from the buyers.

In the U.S., the Company plans to construct 108 MW of PV projects in 2017, of which 70 MW are community solar projects. The projects are located in California, North Carolina and Minnesota.

In the U.K., the Company intends to construct approximately 14 MW of projects this year, of which 10 MW are under the 1.2 Renewable Obligation Certificate (ROC) program and expected to be connected to the grid in March 2017.

In January 2017, the Company won 13 solar utility projects in southern Poland, each with an installed capacity of 1 MW. The projects are eligible for a guaranteed tariff of PLN 408.8/MWh under a 15-year power purchase agreement and are expected to be connected to the grid by December 2017.

In Canada, the Company plans to construct approximately 9 MW of small-scale utility projects under the Feed-in Tariff (FiT) 3.0 in the current calendar year.

In Turkey, the Company intends to construct 13 MW of projects this year. All of the projects are unlicensed, thus qualifying for the Feed-in-Tariff (FiT) of $134/Mwh.

As of January 31st, 2017, the Company had over 393 MW of solar rooftop PV projects in "shovel-ready" stage in China. All of the projects have been filed with National Development and Reform Commission, and the Company has obtained legal rights to develop these projects. The projects are located in Zhejiang, Jiangsu, Anhui, Jiangxi, Shandong, Hubei, Henan, Hebei, Shanxi, Fujian and Guangdong Provinces. The Company plans to commence construction of all of these projects within the current calendar year. 

source: http://www.solarserver.com