New York-listed ReneSola will hold a majority interest in the Baynergy joint venture, while Pristine Sun may own up to 49%, dependent on meeting certain conditions.
Baynergy has an initial target of 150MW of projects to be in operation by the end of 2016.
"The US market is full of tremendous opportunities in the downstream project sector, with 25GW projected to be constructed in the commercial and utility space in the next five years,” says ReneSola chief executive Xianshou Li.
Independent
