Global Leader in International Renewable Industry News

posted in:

ReneSola - www.youroilandgasnews.com

ReneSola to provide made-in-India solar PV modules to Indian market

Thursday, Nov 08, 2012

SHANGHAI, Nov. 7, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today introduced its new Virtus II® multicrystalline modules to the Indian market at the 6th Renewable Energy India 2012 Expo, a three-day event held in New Delhi that concludes on November 9. In addition, ReneSola has started providing locally produced PV modules to the Indian market and expects to provide 250 MW of India-made PV modules over a two-year period. The India launch follows the successful introduction of the Virtus II ® solar modules to the U.S. and Australian markets.

ReneSola continues to implement its sales and marketing strategy of "professionalization, internationalization and localization" in India. Given the substantial demand for solar panels in India, ReneSola foresees a total quantity of 250 MW of India-made ReneSola modules over a two-year period. This is the first time the Company has provided locally produced PV modules outside of China, emphasizing the importance of the India PV market. The Company will realize this target through collaborating with local strategic partners in India. In order to import its world-leading technology to India and take advantage of India's local management and talent resources, ReneSola is dedicated to providing localized and customized products and services to the India market.

"Considering the strong and growing demand the India PV market presents for electricity, coupled with the government's strong support and generous subsidies for solar energy, ReneSola considers India to be a key market within Asia," said Mr. Stephen Huang, APMEA president for ReneSola. "We believe traditional PV sales and trading platforms cannot satisfy local demand, so we intend to invest more in India and are determined to establish roots there, ideally joining forces with the India PV industry to provide customized energy solutions."

About ReneSola

Founded in 2005, ReneSola (NYSE:SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, Greece, Spain, China and Australia. For more information, please visit http://www.renesola.com/.

Source: ReneSola

posted in:

Other Renewable News

Intersolar North America strengthens focus on growing energy storage market 23-04-2014
GDF SUEZ Energy Resources NA again donates renewable energy certificates to the Houston Museum of Natural Science in Honor of Earth Day 23-04-2014
3M celebrates 10-year record of EPA ENERGY STAR sustained excellence award 23-04-2014
SolarWorld powers spread of grass-roots community solar purchasing from coast to coast 23-04-2014
Canadian Solar to supply 43MW of solar modules in Japan 23-04-2014
Nice-Pak products and PDI complete largest Rooftop solar array in Rockland County 22-04-2014
Renewable Energy Group achieves one billion gallon milestone 22-04-2014
KYOCERA invests in solar projects valued at $38M with U.S. Light Energy 22-04-2014
InterGen announces agreement with IEnova for the purchase of 50 percent of the first phase of the EnergĂ­a Sierra Juarez wind project 22-04-2014
Southern Company subsidiary and Turner Renewable Energy strengthen renewable portfolio by closing on second California solar plant 22-04-2014