HomeNewsReneSola Power and Eiffel Investment Group Announce MOU for Joint Venture to Fund Solar Development in Europe

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ReneSola Power and Eiffel Investment Group Announce MOU for Joint Venture to Fund Solar Development in Europe

1/6/2021

PRESS RELEASE ReneSola Ltd, a leading fully integrated solar project developer, today announced that it signed a Memorandum of Understanding (MOU) with Eiffel Investment Group, a leading asset management firm with 3 billion euros under management, to establish a joint venture that will provide financing for ReneSola Power's current and future solar projects across Europe. Under the terms of the MOU, ReneSola Power and Eiffel Investment Group will create a 51/49 joint venture company with ReneSola Power having a 51 percent ownership stake and Eiffel injecting new capital into the joint venture for a 49 percent ownership. The JV intends to develop up to 1 GW of solar projects in the next sev

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