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Announced

Completed

ReneSola completed the acquisition of Project Branston from P&T Global Renewable Energy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Renewable Energy Equipment

United Kingdom

Cross Border

Acquisition

solar farms

Single Bidder

Private

Majority

Completed

Friendly

Synopsis

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ReneSola, a solar project developer and operator, completed the acquisition of Project Branston, a 50 MWp operational solar farm, from P&T Global Renewable Energy. Financial terms were not disclosed. "We are extremely excited to commence our asset-light, IPP business in Europe with the acquisition of Project Branston. This fully operational solar farm will be profitable on day one and provides stable cash flows and helps diversify risks from project sales. We anticipate the acquisition to further strengthen our market position in the Europe and will be accretive to our shareholders. This will be a new chapter of our company to enter into IPP business in Europe and contribute to energy alleviation of Europe energy crisis," Yumin Liu, ReneSola Power CEO.

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