China-based PV manufacturer ReneSola has supplied 45,900 of its high-efficiency modules to a 11.7 MW solar PV plant in Italy.
The Ferrara Aranova project is a ground-mounted PV installation that is being developed by Italian renewable energy company Tozzi Sud S.p.A, who opted for ReneSola based on the company’s modules being highly efficient and eligible for FIT benefits, having been manufactured in the EU.
For ReneSola, the high-efficiency modules chosen for the project have been performing at an average of 255 W and will be third-party insured by PowerGuard, in a package that supplements ReneSolas own warranty for product quality and performance.
"This deal reflects the continued success of our OEM strategy," said ReneSola CEO Xianshou Li. "As these modules were manufactured in the EU by one of our OEM partners, we were able to receive additional FIT payments on this sale.
"Our record for producing high-quality, reliable modules was central to our ability to win this deal. We look forward to partnering with Tozzi Sud on additional projects in the future."
Tozzi Holding’s procurement area manager, Luca Dallaglio, added: "Our collaboration with ReneSola has been a success. For us, it was crucial to identify an integrated cycle supplier with cutting-edge production in the EU in order to benefit from available FITs.
"The commercial terms and the technical solutions proposed by ReneSola were crucial, as it allowed the company considerable timing optimization. We also appreciated the panel packaging, the excellent quality-to-price ratio of the modules, along with the high level of professional service."