JIASHAN, China, Dec. 7, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced that it has agreed to ship 4.3 megawatts ("MW") of its high-quality solar modules to E.ON Climate & Renewables GmbH ("E.ON Climate & Renewables"), an award-winning unit responsible for industrial-scale renewable activities within E.ON AG ("E.ON"), one of the world's largest investor-owned power and gas companies.
Under the terms of the agreement, ReneSola will deliver a total of 4.3 MW of its 245 W multicrystalline solar modules in March 2013 to E.ON Climate & Renewables for use in a solar project in Sassari, Italy.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "Our module business is performing well in Europe. The technology and reliability of our solar modules continue to attract new customers. This is our first project with E.ON and we expect to ship additional solar modules to the company for projects in the United States and Europe. Meanwhile, we will continue to develop our solar technology, as we expand and strengthen our customer relationships, grow our module business and increase our global market share."
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.