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ReneSola, a manufacturer of solar wafers, has entered into a letter of intent with the Yancheng city government in China's Jiangsu province, to develop a 500MW on-grid solar power generation project. In addition, the company has been granted the exclusive right in a letter of intent with the Panzhihua East district government in the Sichuan province, to develop a 5MW rooftop project.
ReneSola has said that both the projects are subject to feasibility studies and approvals by various government authorities.
According to the letter of intent entered into with the Yancheng city government, ReneSola will develop a 500MW on-grid power generation project in Jiangsu province, China. The project will consist of mainly ground-mounted system applications and 10MW of rooftop installations to be built over a six-year period.
According to the letter of intent entered into with the Panzhihua East district government, ReneSola will develop a rooftop project of no less than 600,000sqm for new or existing government buildings, with installed capacity planned to reach 5MW.
Xianshou Li, CEO of ReneSola, said: "We are delighted to announce the addition of these new projects to our downstream solar project portfolio. The 500MW solar project in neighboring Jiangsu province is set to become one of the largest of its kind so far in China."
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