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All Tax returns and reports have been timely submitted by every Group Member and are true and correct in all materials respects. The Group’s first phase is the vertically integrated solar energy products manufacturing business (“manufacturing segment”), from silicon ingots, wafers, cells to solar modules. The corresponding cost of sale related Turkish Immigration Law Firm to intersegment sales as recorded based on the actual prices of sales incurred by the photo voltaic product manufacturing section. The intersegment revenues from the sale of photo voltaic modules manufactured by the photo voltaic product manufacturing phase have been recorded based mostly on quantities charged to the solar project section, which are generally decided utilizing truthful market price charged to unbiased third get together clients. Long-lived belongings are reviewed for impairment whenever events or adjustments in circumstances indicate that carrying amount of an asset will not be recoverabl
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In addition, decreases in the value of silicon feedstock, improvements in manufacturing strategies for solar energy products and economies of scale have regularly reduced the unit manufacturing prices of solar energy merchandise lately, which in flip have elevated the competitiveness of solar energy on an unsubsidized basis relative to standard power and different renewable energy. We consider that signing an investment settlement is a major project development milestone for successful project development, as local authorities our bodies could have a quota of tasks allocated by the provincial governments that they’ll signal every year.After signing an funding settlement, we are going to conduct further due diligenc The investment agreements will outline the preliminary terms for our solar energy tasks, together with the ability technology capacity and any deadlines for project growth. Prior to acquiring permits and beginning development, we sometimes enter into funding agreements with native government bodies.
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