China-based integrated PV manufacturer ReneSola has signed an agreement to sell a 24MW portfolio of ground-mount PV projects under development in North Carolina, US, to a subsidiary of Panda Green Energy - formerly known as United Photovoltaics.
Solar project developer ReneSola announced Thursday that it has agreed to sell two ground-mounted PV projects in the United Kingdom to Greencoat Solar II LP, an investment company managed by Greencoat Capital LLP — one of the UK's largest dedicated renewable investment management firms.
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.