Project Finance Brief: ReneSola Sells 16 MW Solar Portfolio to Modus Asset Management

Solarcentury acquires the 11.3 MW Bollendonk solar project in the Netherlands

December 14, 2020

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ReneSola Power, a fully integrated solar project developer, announced the sale of a portfolio of ground-mounted solar parks to Modus Asset Management, a Vilnius, Lithuania-based investment management company specialized in renewable energy investments. The portfolio was developed and constructed by ReneSola Power and included 16 projects equipped with bifacial solar panels for a combined capacity of 16 MW. All of the projects have been awarded a 15-year contract-for-difference (CfD) support mechanism in Poland, ensuring revenue stability.

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