ReneSola Signs 44 MW Solar Module Agreement with Enerparc 35 MW to be delivered through OEMs in Poland and India
JIASHAN, China, April 18, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced it has agreed to provide Enerparc AG ("Enerparc"), an internationally oriented and dynamically growing provider of solar power plant installation and operation services, with 43.6 megawatts ("MW") of solar modules, 35 MW of which will be delivered through original equipment manufacturers ("OEMs") in Poland and India.
"Enerparc places great emphasis on reliability and quality. Their trust in ReneSola reaffirms the value of our solar module business," said Mr. Xianshou Li, ReneSola's chief executive officer. "We're confident our competitively priced, high-efficiency solar modules and excellent delivery track record will help Enerparc achieve its project goals. Furthermore, our strong relationships with a number of OEMs allow us to maximize our international reach while lowering costs. We look forward to working with Enerparc and hope to develop a long-lasting relationship that will facilitate the wider use of renewable energy."
Enerparc is currently No. 6 in the global and No. 1 in the German EPC rankings and proceeds with the construction of PV power plants in Germany and France. "The current market conditions are manageable for companies who are deep in the value chain," mentioned Stefan Mueller, COO of Enerparc. Enerparc operates more than 400 MW as IPP and sees further opportunities in India and the United States.
Under the terms of the agreement, ReneSola and its contracted OEMs will deliver 43.6 MW of solar modules to Enerparc between April and June of this year.
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.
Enerparc AG, headquartered in Hamburg, Germany, is an internationally oriented and dynamically growing company whose management and staff have been successfully furthering the technological and commercial evolution of solar energy for many years. More than 800 megawatts of installed solar power in the leading German market as well as in Europe, the USA and Asia provide testament to our joint experience. With a quick, flexible team of expert photovoltaic specialists and a network of renowned partners in the system installation, expert analysis and safety fields, Enerparc offers all services relating to the installation and profitable operation of solar power plants with an output of 1 MWp and more. For more information, please visit www.enerparc.de.
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SOURCE ReneSola Ltd.