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

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.