China-based integrated PV manufacturer Renesola has appointed a third-party financial and legal firms to provide advise on the proposal by its chairman and CEO, Xianshou Li to purchase the PV manufacturing and LED distribution businesses so the company can move completely downstream.
News in Brief: ReneSola sells 6.75MW North Carolina project to Greenbacker, An Indiana Ikea is to install the largest retail rooftop solar array in the state, PowerHub releases a new version of its O&M software and five community college campuses in California are developing solar canopies.
Solar wafer and module manufacturer ReneSola reported higher shipments than expected in the fourth quarter of 2016 but gross margin collapsed to 2.1%, well below guidance, while losses increased to US$25.5 million.
Solar project developer ReneSola announced its updated outlook for its solar portfolio in 2017 — noting that it currently has 335MW of projects that are currently under construction, with 550MW worth of total generation capacity planned for this year.
Solar project developer ReneSola announced Tuesday that it has signed off on an agreement with a wholly owned subsidiary of Beijing Enterprises Clean Energy Group Limited to develop 335MW of rooftop solar projects in China located in Hebei, Shandong, Fujian, Shanxi and Jiangsu Provinces.
Integrated PV manufacturer and project developer ReneSola continues to suffer from the slowdown in demand in China, reporting lower than expected revenue and shipments in the third quarter that led to a net loss for the first time in a year.
Fully-integrated solar project developer ReneSola announced Tuesday that it has provided 10.4MW of its high-efficiency polycrystalline PV modules to Saferay for a ground-mounted solar installation in Japan.