PR Newswire11 months ago
SHANGHAI, Jan. 3, 2017 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesola.com) (SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that it signed a framework agreement with a wholly owned subsidiary of Beijing Enterprises Clean Energy Group Limited (1250.HK) ("Beijing Enterprises Clean Energy"), a Beijing-based, Hong Kong-listed company that engages in the photovoltaic development business, to develop 335 MW of rooftop solar projects in China located in Hebei, Shandong, Fujian, Shanxi and Jiangsu Provinces. Under the terms of the framework agreement, ReneSola will be responsible for the engineering, procurement and construction of the projects, while Beijing Enterprises Clean Energy will provide financing for the projects during construction. Upon completion, ReneSola will sell the projects to Beijing Enterprises Clean Energy Group. The projects are anticipated to be completed by June 30, 2017.