ReneSola Power secures sale of 15.4 MW solar assets in Romania

Representative image by gregroose from pixabay

ReneSola Ltd, a leading fully integrated solar project developer, disclosed the sale of two ground-mounted solar parks in Romania totalling 15.4 MW to Alternus Energy Group plc, a pan-European Independent Power Producer (IPP). 

The two ground-mounted solar projects include a 9.4 MW solar park located in the municipality of Costestii din Vale in Dambovita county, operated by Ecosfer Energy SRL and a 6 MW solar park located in the municipality of Dumbrava in Prahova county operated by Lucas Est SRL. 

Yumin Liu, Chief Executive Officer, ReneSola Power, commented: “Alternus Energy is a valuable partner for us, and we look forward to building on this transaction and pursuing future opportunities together. The sale proceeds enabled us to generate strong cash flow, realize meaningful profits and further strengthen our financial position. We are proud of our team’s execution and believe we are well-positioned to grow in important European markets like Romania.”

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