SOL - ReneSola Power nabs 20-year REC contracts for two solar projects
ReneSola (NYSE:SOL) received the 20-year Index Renewable Energy Credit (REC) contracts for two solar projects as part of the state's renewable program in an effort to reach New York's goals to exceed 70% renewables by 2030 and zero emissions by 2040 as required by Climate Leadership and Community Protection Act. The new REC program in Illinois and the existing program in New York are laying the groundwork for what the future of renewable energy could look like across U.S. The two projects are - 20 MW solar and 2 MW battery storage project in Massena, New York and 20 MW solar project in Wilmington, Illinois.
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ReneSola Power nabs 20-year REC contracts for two solar projects