September 2, 2014 - ReneSola Ltd today announced that it will develop a 13MW solar project in Dorset, England. The Company expects the solar farm to be fully operational and connected to the national energy grid by end of this year.
The Company has identified a number of potential buyers for the project, which received planning consent in January 2014 and is eligible for the United Kingdom's support scheme to promote renewable electricity-generating technologies. The project will feature ReneSola PV modules exclusively, specifically the Company's top-rated Virtus II.
"While we remain focused on our retail and residential-oriented business development, we selectively pursue project opportunities across our key markets when we identify good value and when the projects are in line with our broader strategic objectives," said Mr. Xianshou Li, ReneSola's chief executive officer. "The United Kingdom is one of our best-performing markets, and one of the world's fastest-growing major solar markets, while the new project will further strengthen our leading market position in UK. The 13MW Dorset project will be one of a series of selective projects we plan to build in the coming quarters."