JIASHAN, China, April 18, 2013 – ReneSola Ltd (“ReneSola”) (NYSE: SOL), a leading global manufacturer of solar photovoltaic (“PV”) modules and wafers, today announced it has agreed to provide Enerparc AG (“Enerparc”), an internationally oriented and dynamically growing provider of solar power plant installation and operation services, with 43.6 megawatts (“MW”) of solar modules, 35 MW of which will be delivered through original equipment manufacturers (“OEMs”) in Poland and India.
“Enerparc places great emphasis on reliability and quality. Their trust in ReneSola reaffirms the value of our solar module business,” said Mr. Xianshou Li, ReneSola’s chief executive officer. “We’re confident our competitively priced, high-efficiency solar modules and excellent delivery track record will help Enerparc achieve its project goals. Furthermore, our strong relationships with a number of OEMs allow us to maximize our international reach while lowering costs. We look forward to working with Enerparc and hope to develop a long-lasting relationship that will facilitate the wider use of renewable energy.”
Enerparc is currently No. 6 in the global and No. 1 in the German EPC ranking and proceeds with the construction of PV power plants in Germany and France. “The current market conditions are manageable for companies who are deep in the value chain,” mentioned Stefan Mueller, COO of Enerparc. Enerparc operates more than 400 MW as IPP and sees further opportunities in India and the United States.
Under the terms of the agreement, ReneSola and its contracted OEMs will deliver 43.6 MW of solar modules to Enerparc between April and June of this year.
