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ReneSola signed a framework agreement with UCK Group, a solar solutions provider, to develop a 116MW PV project
in Turkey.
Chinese PV manufacturer ReneSola has entered into a partnership with UCK Group, a
Turkish solar solutions provider.
The two companies will jointly develop a 116MW PV project
in Turkey.
ReneSola announced that UCK Group's Berak Enerji will develop and build a solar power plant, and ReneSola will design the plant and supply high-efficiency solar modules and inverters
.
The company said that all 116MW projects are unlicensed, so they all meet the feed-in tariff of US$134/MWh
.
According to the cooperation agreement, the ownership of the new photovoltaic power plant will be owned by the newly established joint venture company, with ReneSola and UCK Group each accounting for 50%.
"This partnership gives both companies a boost in the attractive Turkish PV market, while demonstrating our technological leadership and competitive advantage
," said Lee Senshou, CEO of ReneSola.
”
According to ReneSola, the joint venture expects to have 70MW of operational projects
by early 2017.
In March, ReneSola released its 2015 financial results showing significant progress in its downstream business, which reached 72.
8MW
last year.
Meanwhile, ReneSola's latest supply agreement indicates that the company will continue to maintain its leading position
in the photovoltaic manufacturing industry.
ReneSola signed a framework agreement with UCK Group, a solar solutions provider, to develop a 116MW PV project
in Turkey.
Chinese PV manufacturer ReneSola has entered into a partnership with UCK Group, a
Turkish solar solutions provider.
The two companies will jointly develop a 116MW PV project
in Turkey.
ReneSola announced that UCK Group's Berak Enerji will develop and build a solar power plant, and ReneSola will design the plant and supply high-efficiency solar modules and inverters
.
The company said that all 116MW projects are unlicensed, so they all meet the feed-in tariff of US$134/MWh
.
According to the cooperation agreement, the ownership of the new photovoltaic power plant will be owned by the newly established joint venture company, with ReneSola and UCK Group each accounting for 50%.
"This partnership gives both companies a boost in the attractive Turkish PV market, while demonstrating our technological leadership and competitive advantage
," said Lee Senshou, CEO of ReneSola.
”
According to ReneSola, the joint venture expects to have 70MW of operational projects
by early 2017.
In March, ReneSola released its 2015 financial results showing significant progress in its downstream business, which reached 72.
8MW
last year.
Meanwhile, ReneSola's latest supply agreement indicates that the company will continue to maintain its leading position
in the photovoltaic manufacturing industry.
