ReneSola to highlight regional manufacturing strategy and commitment to EU markets at Intersolar 2013

ReneSola, the Chinese solar giant, has announced plans to expand its production facilities in regional markets around the world to serve its growing international client base. This initiative will significantly reduce the company’s transport costs while improving the availability of its locally produced products at a regional level. The company will highlight this strategy at Intersolar 2013, the world’s largest solar energy trade fair, held 17 – 20 June in Munich, Germany.

ReneSola currently has regional production facilities in Poland, South Africa and India, and intends to expand and open more in Europe in the near future.

“We have worked hard to establish a global presence and be a truly international business,” says Xianshou Li, CEO of ReneSola. “Intersolar is an important occasion for us to show our commitment to the European market and our belief in its sustained potential. Positioning our manufacturing plants closer to our customers has long been a part of our corporate strategy. It saves money and time, while reducing the environmental impact of transport. But it also gives stock flexibility around the world, allowing us to adapt and respond better to peaks and troughs in demand.”

ReneSola’s regional facilities have a combined annual capacity of 400 MWp. The facilities, the first of which was established in 2009, create finished PV modules based on ReneSola’s proven bill of materials, which includes ReneSola’s advanced Virtus wafer technology Glass, aluminium and other more common components needed to create the modules are sourced locally, further reducing transport cost.

Each facility is operated by a production partner that creates finished products under the ReneSola brand. To ensure all modules are produced to its own high standards, ReneSola carefully selects and closely monitors its production partners worldwide, and ensures production is carried out in line with IEC (International Electrotechnical Commission) test reports and related factory inspection reports.

At its regional facilities, ReneSola continues to focus on its Virtus II product line, which is the company’s flagship polycrystalline module. In 2011, ReneSola created Virtus, the world’s first quasi monocrystalline ingot based on an improved casting process. Virtus produces the same power output as a standard mono module but at a much lower production cost, and with lower light induced degradation (LID) issues and reduced power loss at higher temperatures.

ReneSola has since launched Virtus II, the successor to the innovations pioneered by Virtus and an even more advanced polycrystalline wafer technology, which leads to 4% higher performing PV modules, compared to modules with conventional polycrystalline cells. The more advanced crystal structure of the Virtus and Virtus II wafer also enabled ReneSola to cut its production costs, thanks to a reduced wafer breakage rate compared to other more traditional polycrystalline wafers in the market. As a result of these two major benefits, Virtus and Virtus II have given ReneSola a sustainable tool to cope with the increasingly price competitive solar market.

Founded in 2005, ReneSola started out as a manufacturer of silicon ingots and wafers, which it supplied to PV cell manufacturers. Having acquired a PV cell and module manufacturer in 2009, the company now delivers the entire PV supply chain from polysilicon feedstock to PV modules.

Source: ReneSola Zhejiang Ltd.

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