ReneSola Completes Sale of Three Utility-Scale Projects in Western China
The three utility-scale projects are located in China's Qinghai and Xinjiang provinces and are all connected to the grid.
JIASHAN, China, April 2, 2014 -- ReneSola Ltd ("ReneSola") (www.renesola.com )(NYSE: SOL), a leading brand and technology provider of solar photovoltaic products, today announced it has completed the sale of three utility-scale projects in Western China, with a total capacity of 60MW, to Jiangsu Akcome Solar Science & Technology Co., Ltd.
More Headlines
- National Grid Renewables Announces Start of Operations at Two Solar Projects in Southern Minnesota
- Reuters Events: Global Energy Transition Awards 2025
- Octillion Power Systems Inaugurates New Battery Factory in Nevada
- Dispatch Energy Secures Over $209 Million in Capital Commitments to Advance Distributed Generation Strategy
- I got door-knocked by a solar salesman- Is it a scam?
The three utility-scale projects are located in China's Qinghai and Xinjiang provinces and are all connected to the grid. The deal was completed on March 31, 2014 and followed a memorandum of intent signed by the two companies on December 30, 2013.
"We are delighted to have successfully completed the sale of our three utility-scale projects in Western China," said Mr. Xianshou Li, ReneSola's chief executive officer. "These projects demonstrated our ability to develop solar power projects in full cycle, while the sale helps to improve our overall financial position. Although we remain cautious in regards to investing in solar projects in China, we remain optimistic about China's market for solar projects over the longer term, and we will continue to participate in China projects and explore related opportunities while keeping our capital expenditures to a minimum."
For more information, please visit www.renesola.com.
About ReneSola
Founded in 2005, ReneSola (NYSE: SOL) is a leading brand and technology provider of solar PV products. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, China, Greece, Spain and Australia. For more information, please visit www.renesola.com.
Featured Product
Raptor Maps - The integrated operating system for end-to-end solar management
Operate autonomous drones and other robotics technology on your solar farms with Raptor Maps' robotics operations platform. Our end-to-end solution allows you to build and schedule data collection missions, to analyze collected data through our analytics engine, and to address identified issues through our remediation intelligence suite. From construction monitoring to substation inspections to SCADA-alert generation missions, Raptor Robotics gives your team unparalleled insights into the health and status of your project. Improve the safety, efficiency, and scale of your operations with Raptor Robotics.
