Grid, Solar

Diminishing Margins Highlight ReneSola’s Q4 Results

ReneSola has released its unaudited financial results for Q4. The prominent solar project developer had a revenue of $232.1 million, with net loss of $25.5 million. The gross margin was 2.1%, compared to 10.1% in Q3.

ReneSola shipped a total of 330.7 MW, and around 12.3 MW to its downstream projects. The external wafer shipments were 305.9 MW, compared to 290.5 MW in Q3 2016. The company added six utility-scale projects in the UK with total capacity of about 26 MW to its portfolio.

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