ReneSola signs 8 MW Australian supply deal03. August 2012 | Applications & Installations, Markets & Trends, Industry & Suppliers | By: Jonathan Gifford
Chinese manufacturer ReneSola announced today that it has signed an eight MW supply agreement with one of Australia’s largest solar specialist companies, True Value Solar.
Facing tariffs in the U.S. and potential tariffs in the E.U., Chinese photovoltaic manufacturers are expanding operations in other markets. Australia is shaping up as being an important market for some Chinese manufacturers and ReneSola has continued to expand its operations there.
Yesterday’s announcement, to supply True Value Solar with eight MW of modules, is additional to 45 MW already shipped to Australia by ReneSola.
True Value Solar is a part of the Germany-based EPC M+W Group and supplies residential and commercial customers in Australia. ReneSola will begin supplying its monocrystalline modules to True Value Solar by the end of the month.
In a statement announcing the supply agreement, ReneSola’s CEO Xianshou Li said the company’s business in Australia is continuing to grow. "In Australia, our brand awareness of our products, particularly our Virtus line, continues to improve."
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 3142 views
- 2437 views
- 1552 views
- 1552 views
- 1262 views
Opinion & analysis
Why do so many believe MENA is the next big solar market?, asks Yassir Gamil, managing director of Solarpraxis' new MENA office
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!