• By .(JavaScript must be enabled to view this email address) - 02 July 2012, 19:27
  • In News, Power Generation, Project Focus

MEMC closes 98MW of solar projects in Bulgaria and Italy

  • MEMC completes 98MW of solar projects in Europe during Q2 2012.
    MEMC completes 98MW of solar projects in Europe during Q2 2012.

Financials

  • WFR
    NYSE
    6.72
    -0.08 (-1.18%)
    4:02PM EDT

MEMC Electronic Materials advised that during Q2 2012, it had completed sales contracts for four solar projects in Europe totalling 98MW. The company completed solar projects worth 60MW in Bulgaria and 38MW in Italy.

MEMC noted that cash received from the closing of these transactions will be included in its Q2 cash balances, while revenue recognition will be subject to applicable revenue recognition rules. It plans to release further details in the coming weeks and during its August conference call.

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