ReneSola records positive performance following restructuring
The Chinese solar PV project developer has posted positive earnings for both FY2017 and Q4, although it has not included its discontinued manufacturing operations in its latest financials. Overall, it has a project pipeline of 1.1 GW, big plans for Europe and a strategic investor interested in injecting US$31.6 million in its Chinese Holdco.
ReneSola to develop unsubsidized PV projects in France
China’s Renesola and Germany-based Green City Energy have formed a joint holding company, which will develop a combination of solar projects with and without government subsidies. The current French pipeline includes four PV projects totaling 69 MW.
ReneSola connects 90 MW of rooftop solar in China
The Chinese integrated PV company has completed over 90 MW worth of rooftop solar PV projects in China.
Poland: RE support scheme approved, financing for 55 MW PV projects secured
A PLN 40 billion (around €9.4 billion) Polish support scheme for renewable energy has been approved by the European Commission. Meanwhile, Guernsey-based Sequoia Economic Infrastructure Income Fund has agreed to provide financing for ReneSola’s 55 plants in Poland, each with a capacity of 1 MW.
ReneSola’s Chinese projects generate 29 GWh in Q3
ReneSola has reported that its distributed-generation PV projects throughout China generated roughly 29 GWh of electricity in the third quarter of this year.
ReneSola to sell all shares in solar manufacturing business to CEO
Share purchase and subscription agreement struck by the Chinese solar company will see 100% of all share capital related to its manufacturing and LED distribution business transferred to the CEO, Xianshou Li, as part of firm’s restructuring.
ReneSola may sell PV production ops to regain NYSE compliance
ReneSola may sell off its indebted polysilicon, wafer and PV module production businesses to regain compliance with the listing standards of the New York Stock Exchange (NYSE).
ReneSola adds 180 MW of DG solar in China
The vertically integrated Chinese solar firm has connected more than 180 MW of rooftop solar to the Chinese grid in the first half of the year.
Losses mount for ReneSola as firm pivots further downstream
The Chinese vertically integrated solar firm posted a Q1 net loss of $23.2 million and revenues of $156.6 million – down 32.5% and 39.9% sequentially and year-on-year respectively.
ReneSola fourth quarter results show loss of $25.5m
The Chinese solar firm sees Q4 revenue slump 21.7% YOY, with gross profit also contracting 89.5%. Full year financials reveal similar losses as the company continues its shift towards downstream project development.
