Renesola aims for Japanese expansion

The CEO of Chinese solar module manufacturer Renesola says he expects Japan to become the company’s third biggest market, after the U.S. and Europe.

Xianshou Li made the prediction as his company announced the signing of a deal to supply 12 MW worth of Renesola modules to Japanese commodity trader Silicon Bank, with another 20 MW expected to follow.

Renesola will supply the initial 12 MW of panels for use by Silicon Bank in August and September with the company press release adding: "ReneSola expects to ship approximately 20 additional MW of PV modules to Silicon Bank in the near future."

Silicon Bank, which specializes in trading semiconductors parts and materials, will use the panels for rooftop and ground-mounted projects.