Generous FIT and limited domestic capacity present huge opportunities to overseas PV developers and manufacturers
In the U.S., the company recently announced that it has completed construction on two utility-scale solar power projects in North Carolina
TOKYO, Feb. 25, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced the Company established a Japanese subsidiary, ReneSola Japan Ltd., in October 2012 to drive sales and business development in Japan. In addition, the Company has applied for its products to be listed by the Japan Photovoltaic Expansion Center ("JPEC") for eligibility to receive installation subsidies from the Japanese government.
JPEC listing is considered the biggest hurdle for a foreign company to enter Japan's residential solar market.
The quarterly loss has nearly doubled from $35.4M in Q2 2011, to $72M in Q2 2012, which translated as loss per share of $0.37
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