China-based ReneSola Ltd. has acquired the total project development rights for 22.5 MW of ground-mounted, utility-scale solar projects in Japan.
The projects, most of which are expected to commence production and connect to the grid beginning late this year and early 2016, will primarily use ReneSola's photovoltaic modules – specifically, the Virtus II.
‘Japan has established itself as an important market for clean energy products, and we are delighted to build on our track record and expand our downstream solar project business into this key, developed market,’ says Xianshou Li, CEO of ReneSola. ‘We will continue to expand our presence and diversify our portfolio of downstream projects in markets like Japan – which we believe offer attractive growth and monetization opportunities.’
