China's ReneSola (SOL.NYSE), a leading brand and technology provider of energy-efficient products, announced late Monday that it had sold its 300 KW low voltage project in Kyoto, Japan to a local firm.
The Kyoto project is the company's first project sale in Japan as the company continues to expand business across key developed markets in the downstream segment of the solar industry, said ReneSola's CEO Li Xianshou.
The project sale is a representative of the company's long-term strategy to build a portfolio of small-sized ground or commercial rooftop projects that it can sell to retail and institutional investors with attractive pricing and favorable payment terms, Li said.
The company is implementing similar strategies that are focusing on small ground and commercial rooftop projects in other developed markets including the UK, France and the U.S., according to the CEO.
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