ReneSola announced it was awarded 20-year Index Renewable Energy Credit (REC) contracts for two utility-scale solar projects — one in Illinois and another in New York.
In Illinois, Renesola’s 20-MW solar project in Wilmington was selected by the Illinois Commerce Commission as part of the state commitment to double investment in renewable energy 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 to be one of 22 projects as part of the state’s largest land-based renewable energy projects in history.
The new REC program in Illinois and the existing program in New York are laying the groundwork for what the future of renewable energy could look like across the United States. They are examples of how states can meet their aggressive Renewable Portfolio Standard targets, and at the same time create jobs and economic benefits to local communities.
“We are very excited and honored that our two utility-scale solar projects in New York and Illinois were awarded REC contracts,” said Yumin Liu, CEO of ReneSola Power. “The solar industry continues to benefit from the accelerating green energy transition to fight climate change. Our projects are in line with our environmental, social and governance practices, that is, not only will it contribute to state-level renewable energy targets but it will also make an impact to the local communities by creating jobs.”
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