ReneSola to sell poly modules to Solar Planet

27 August 2012 (Last Updated August 27th, 2012 18:30)

ReneSola has agreed to sell 4.6MW of its 255W poly modules to Solar Planet Power, a US-based firm specialising in photovoltaic (PV) system solutions.

Solar PV

ReneSola has agreed to sell 4.6MW of its 255W poly modules to Solar Planet Power, a US-based firm specialising in photovoltaic (PV) system solutions.

Under the terms of the agreement, the solar modules and wafers manufacturer will ship the poly modules to Solar Planet in the third quarter of 2012.

Solar Planet is looking to order an additional 15MW of solar modules within six months after the initial delivery.

Xianshou Li, ReneSola CEO, said this contract win reflects the firm'scommitment to the US market.

"Our full line of 60-cell and 72-cell multicrystalline and monocrystalline modules has become increasingly known for their superior technology and performance," Li added.

"Moreover, we hope to develop a long-term relationship with Solar Planet as we build our business in the Americas and capitalise on the region's growing solar market."

Siyd Tawana, Solar Planet president, said this partnership with ReneSola will help his company reach its big growth plans much faster and smoother.

"We are shooting for about $200m in solar projects at schools and other public and private sites over the next two years," Tawana added.

"We have contracts to do installations for more than 30 major school districts, more than 20 municipals and many hospitals, airports and universities in the state of Ohio.


Image: Solar modules will be delivered to Solar Planet in the third quarter of 2012. Photo: courtesy of Akhil.Jariwala.