Green Energy
ReneSola, Pristine Sun to form JV for 300MW solar projects in US
Article published on http://solar.cleantechnology-business-review.com/ , in august the 6th, 2015
China's ReneSola and San Francisco-based Pristine Sun have agreed to form a joint venture (JV) to develop, build and operate more than 300MW of solar projects in the US.
ReneSola will own a majority stake in the JV, dubbed Baynergy while Pristine Sun will own about 49% interest, depending on several conditions.
The JV will initially own solar projects in several development stages, including ground-mounted facilities and distributed generation arrays.
Baynergy JV intends to have about 150MW of solar projects in operation by the end of next year.
ReneSola CEO Xianshou Li said: "The U.S. market is full of tremendous opportunities in the downstream project sector with 25 gigawatts projected to be constructed in the commercial and utility space in the next five years.
"We believe we can capitalize on these opportunities and grow the joint venture by leveraging ReneSola's global reputation, network, high-quality green energy products and solar project execution."
Pristine Sun CEO Troy Helming said: "Capturing synergies from ReneSola's global platform and high product quality and Pristine Sun's in-depth U.S. market expertise, Baynergy is expected to accelerate efforts in promoting the use of renewable energy in local communities and yield healthy returns for investors of both companies."
ReneSola supplies photovoltaic (PV) modules to large-scale solar power projects globally including the US, the UK, Germany, France, and Italy.
Pristine Sun developed and built more than $100m of PV solar energy projects in the last two years.
US is a high potential market for floating solar systems
-
First Us Public Offering Of Solar Bonds: Can Crowdfunding Take Clean Energy To The Next Level?
The largest solar installer in the US announced Wednesday that it is offering up to $200m in bonds to retail investors, marking the first registered public sale of solar bonds in the country. SolarCity’s landmark move toward crowdfunding could democratize...
-
8mw Deal For Canadian Solar
Canadian Solar has supplied more than 8MW of solar modules to groSolar for three utility and commercial photovoltaic projects in the United States.All three projects use Canadian Solar’s CS6p module. The largest project is a 6MW plant currently...
-
Canadian Solar has supplied solar modules for an 8.5 MW power plant in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. Berlin-based saferay expects to complete the project next month. With this cooperation to build the Lindenhof...
-
Langan Energy Solutions Enters Into Strategic Alliance With Amberjack Solar Energy
North Jersey Partnership Provides Added Service For Customers - Langan Energy Solutions (LES), an Elmwood Park, N.J.-based solar integrator and energy efficiency company, recently announced a strategic alliance with Amberjack Solar Energy, an Oakland,...
-
Indian State Of Uttar Pradesh Signs 600 Mw Solar Power Agreements
Article originally published in cleantechnica.com, on May 6th 2015 Indian states are gearing up to develop ambitious ultra mega solar power projects in association with the Solar Energy Corporation of India.The state of Uttar Pradesh has signed agreements...
Green Energy