ReneSola celebrates 40 MW of new utility solar contracts in Illinois and New York
ReneSola announced that it has been awarded 20-year Index Renewable Energy Credit (REC) contracts for two large-scale solar projects – one in Illinois and another in New York.
In Illinois, Renesola’s 20-MW Wilmington solar project was selected by the Illinois Commerce Commission as part of the state’s commitment to double its renewable energy investment toward its goal of 40% renewable energy by 2030 and 50% by 2040.
In New York, Renesola’s 20 MW solar and 2 MW battery storage project was selected by the New York State Energy Research and Development Authority as one of 22 projects as part of the largest land-based renewable energy projects in history.
The new REC program in Illinois and the existing program in New York lay the groundwork for what the future of renewable energy could look like in the United States. They are examples of how states can meet their aggressive targets for renewable portfolio standards while creating jobs and economic benefits for local communities.
“We are delighted and honored that our two large-scale solar projects in New York and Illinois have been awarded REC contracts,” said Yumin Liu, CEO of ReneSola Power. “The solar industry continues to benefit from the accelerating transition to green energy to combat climate change. Our projects are consistent with our environmental, social and governance practices, i.e. it will not only contribute to state-level renewable energy goals, but will also have an impact on local communities by creating jobs.”
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