Bird & Bird have advised Emeren Limited and ReneSola Ltd in the transaction.
ReneSola Ltd, a leading fully integrated solar project developer, announced the signing of a strategic partnership agreement with Emeren, a London, United Kingdom-based project developer specialized in the development of renewable energy power plants in Europe and other international markets, to co-develop ground-mounted solar projects in Italy, with a pipeline of several transactions scheduled for 2021.
As part of the agreement, ReneSola Power and Emeren will develop projects in a broad range of sizes across the country, with a target of reaching 110 MW shovel-ready projects by 2022.
The two companies expect the collaboration to further strengthen their presence in the Italian market.
Bird & Bird advised the companies on the deal with a team led by partner Pierpaolo Mastromarini (Picture) and senior associate Daniele Pompei, alongside Gloria Bernardini.
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