ReneSola Power and Eiffel Investment formed European Solar Energy Development joint venture.

ReneSola Power, a global solar project developer and operator, and Eiffel Investment, an asset management firm, formed European Solar Energy Development joint venture, 340 MW advanced stage development projects located in Poland, Spain, and France. ReneSola Power has a 51% ownership stake and Eiffel a 49%. Financial terms were not disclosed. "Eiffel Investment Group has been our financial partner for several years and proven leader in business financing, and we are thrilled to strengthen this relationship further and execute the long-term strategic joint venture agreement with them. This marks an important milestone for us, and we expect the joint venture company to help facilitate the development of our pipeline of project opportunities in front of us," Josef Kastner, ReneSola CEO of European Region.