ReneSola Power and Eiffel Investment Group sign JV Agreements with the goal of accelerating Solar Development in Europe News provided by Share this article Share this article STAMFORD, Conn., May 4, 2021 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced the signing of JV agreement with Eiffel Investment Group ("Eiffel") that aims to accelerate the development and financing of ReneSola Power's current and future solar projects across Europe. With the signing of the joint venture agreements, ReneSola Power and Eiffel Investment Group have created European Solar Energy Development JV, a 51/49 joint venture company with ReneSola Power having a 51 percent ownership stake and Eiffel a 49 percent. The initial portfolio will consist in 340 MW advanced stage development projects located in Poland, Spain, and France, which both partners will support and develop to reach ready-to-build stage. The joint venture company intends to fund the development of up to 700 MW of solar projects in the next 3 years across Europe.