ReneSola lands 63 MW Thai supply deal

Chinese solar manufacturer ReneSola‘s focus on south east Asia is paying dividends with the company announcing a 63 MW module supply deal yesterday.

The vertically integrated manufacturer will supply 63 MW of its Virtus II modules to Thai solar company Energy Absolute PCL for a project in Nakornsawan, Thailand.

The modules will be supplied between August and October and, in announcing the deal, ReneSola CEO Xianshou Li said the contract proves his company’s modules are well suited to the tropical conditions of the region as well as ReneSola’s traditional American and European markets.

The news came on the back of a 12 MW supply deal to Japanese client Silicon Bank this month and with the company having made a positive trading update to its April-June figures.

ReneSola now expects to ship 760 MW-770 MW for the second quarter, up from an expected 700 MW-720 MW with the three-month revenue forecast also upgraded to US$365 million-$375 million from the previous $310 million-$330 million.

No-one from ReneSola or Energy Absolute PCL was available to give any further details of the Thai module supply contract.