JPEC Lists ReneSola Solar Module as Qualified for Japan Market
TOKYO, April 26, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced its 125-square monocrystalline module has been listed by the Japan Photovoltaic Expansion Center ("JPEC") as qualified for the Japan market.
JPEC-listed products are eligible to receive installation subsidies from the Japanese government, meet Japan's high-quality standards and safety requirements and are fully compatible with the country's electric grid.
In order to obtain JPEC listing, ReneSola partnered with local suppliers to provide a PV home kit solution that includes 125-square and 156-square monocrystalline modules with an inverter, monitor and racking system to the Japan market. JPEC listing is expected for additional ReneSola products, including the Company's 156-square monocrystalline module and 250 W poly module, in the near future.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "JPEC listing is considered the biggest hurdle for a foreign company entering Japan's residential solar market. Now that we are listed, we can invest more heavily in the Japan market and capitalize on the country's energy buy-back program, which focuses heavily on solar power. By partnering with local suppliers, we are confident that we can deliver high-efficiency products and localized household renewable energy solutions to the Japan market."
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, China, Greece, Spain and Australia. For more information, please visit www.renesola.com.
For investor and media inquiries, please contact:
Mr. Tony Hung
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE ReneSola Ltd.