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ReneSola sold solar power project in Ibaraki, Japan

Staff Writer | August 27, 2016
ReneSola sold a 1.23 MW solar power project located in Ibaraki, Japan. The project qualifies for Japan's 32 Yen feed-in tariff.
ReneSola
Green energy   ReneSola is developing 31.5 MW of solar PV projects
Revenue from the sale will be recognized in the third quarter and all proceeds have been collected.

ReneSola is developing 31.5 MW of solar PV projects in Japan. Including the Ibaraki project, 29.6 MW are in late stage development and expected to be monetized in the quarters ahead.

ReneSola announced, for full year 2016, the company now expects revenue in the range of $900 million to $1.1 billion, compared with previous guidance of $1.0 billion to $1.2 billion.


 

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