Distributed solar is continuing to up its scale in some of the biggest PV markets around the world, as the recent framework agreement signed by ReneSola is a testament to. The agreement is for the development of 335 MW of rooftop solar projects across China, for the Beijing-based PV development company Beijing Enterprises Clean Energy Group (BECE), who is upping its activities in the bustling Chinese solar market.
The framework agreement has actually been signed between ReneSola and a wholly owned subsidiary of BECE, with ReneSola providing the EPC services and BECE providing the financing. The projects are spread across Hebei, Shandong, Fujian, Shanxi and Jiangsu Provinces, and are expected to be completed by 30 June 2017, when ReneSola will sell them to BECE.
“This agreement confirms our belief that rooftop solar distributed generation projects will be promising in China,” commented ReneSola Chairman and CEO Xianshou Li. “We entered the China distributed generation market a few months ago and have made impressive progress as we continue to develop more distributed generation pipelines. This new business opportunity together with our successful utility scale project development business will contribute meaningfully to our profitability in the year ahead.”
Aside from ReneSola, the relatively unknown Chinese company BECE had a busy end to 2016 in the fast-paced Chinese PV market. In fact, in the second half of the year alone, BECE successfully acquired over 300 MW of utility-scale solar projects in China, and connected 200 MW to the grid. The company clearly means business, and may well be one to look out for in the future.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.