ReneSola sells 1.2 MW solar PV power project in Japan
ReneSola Ltd, a solar PV project developer and provider of energy-efficient products, has announced that it sold a 1.23 MW solar power project located in Ibaraki, Japan.
The project qualifies for Japan's 32 Yen feed-in tariff (US$0.32). Revenue from the sale will be recognized in the third quarter and all proceeds have been collected.
More details of the transaction have not yet been disclosed.
ReneSola is developing 31.5 MW of solar PV projects in Japan. Including the Ibaraki project, 29.6 MW are in late stage development and expected to be monetized in the quarters ahead.
Ibaraki is a Japanese prefecture bordering the Pacific Ocean northeast of Tokyo.
We recently reported that ReneSola sold four operational, photovoltaic assets in England to the Equitix Fund IV. All of these projects were connected to the grid in March 2016 and are qualified under the 1.3 Renewable Obligations Certificate (ROC) program.
Country news
-
-
September 02, 2016
BCPG Japan close financing for Japanese solar project
BCPG Japan Corp, affiliated with Thailand-based Bangchak Petroleum PLC, has reached financial close for a 14 MW large-scale photovoltaic solar plant located in Nagi-cho, Okayama Prefecture, Japan. Read more -
August 30, 2016
Sky Solar Holdings announces potential sale of certain assets held by Sky Solar Japan
Sky Solar Holdings, Ltd., a global developer, owner and operator of solar parks, has announced that the company entered into a Letter of Intent with Solar Partnership Capital Ltd (SPC), a non-affiliate of Sky Solar in certain Japanese projects. Read more -
August 09, 2016
Taiheiyo Cement plans biomass energy plant in Japan
Taiheiyo Cement has plans to develop a 75 MW biomass power plant at a cement production site in Ofunato, Iwate Prefecture (northeastern Japan). Read more -
August 02, 2016
Marubeni announces feasibility study of the offshore wind farm project in Akita Prefecture
Marubeni Corporation with its partners, have entered into an agreement to carry out a feasibility study of the Akita Offshore Wind Farm Project. Read more -
July 21, 2016
Prudential Capital Group finances solar portfolio in Japan
Canadian Solar has entered into a private placement with Prudential Capital Group to finance a portfolio of solar power plant in Japan. Read more
