ReneSola celebrates 40 MW of new utility solar contracts in Illinois and New York

ReneSola introduced it was awarded 20-year Index Renewable Vitality Credit score (REC) contracts for 2 utility-scale photo voltaic initiatives — one in Illinois and one other in New York.

In Illinois, Renesola’s 20-MW photo voltaic venture in Wilmington was chosen by the Illinois Commerce Fee as a part of the state dedication to double funding in renewable vitality towards its aim of 40% renewable vitality by 2030 and 50% by 2040.

In New York, Renesola’s 20-MW photo voltaic and 2-MW battery storage venture was chosen by the New York State Vitality Analysis and Improvement Authority to be one in every of 22 initiatives as a part of the state’s largest land-based renewable vitality initiatives in historical past.

The brand new REC program in Illinois and the prevailing program in New York are laying the groundwork for what the way forward for renewable vitality may appear to be throughout the US. They’re examples of how states can meet their aggressive Renewable Portfolio Customary targets, and on the similar time create jobs and financial advantages to native communities.

“We’re very excited and honored that our two utility-scale photo voltaic initiatives in New York and Illinois have been awarded REC contracts,” mentioned Yumin Liu, CEO of ReneSola Energy. “The photo voltaic trade continues to profit from the accelerating inexperienced vitality transition to battle local weather change. Our initiatives are consistent with our environmental, social and governance practices, that’s, not solely will it contribute to state-level renewable vitality targets however it should additionally make an influence to the native communities by creating jobs.”

Information merchandise from ReneSola Energy