ReneSola modules certified ideal for Middle East climate

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Greentech Lead China: ReneSola, a global manufacturer of solar photovoltaic (PV) modules and wafers, announced that TUV Nord, a leading German industry-certification body, has accredited the company’s PV modules.

The development follows the company’s participation at the World Future Energy Summit (WFES) in Abu Dhabi earlier this year.

The TUV Nord certification, which reaffirms that the modules can withstand dusty and desert-like conditions in regions like the Middle East, is a milestone for the company, said Bill Hou, ReneSola’s product director.

Hou added, “We believe our modules are well suited for the climate of the Middle East. Their minimal degradation results in long life cycles and reliable power output.”

The certification shows the modules are capable of suiting several special climates, particularly those of emerging economies with communities spread over significant land masses, such as North Africa and the Middle East.

“Along with our presence in Saudi Arabia, the certification will help us increase our market share and bring innovative PV solutions throughout the region,” Hou added.

ReneSola solar modules have also scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC).

ReneSola  reported US$306.5 million in net revenue for Q4 2012, an increase of 40.5 percent fromUS$218.2 million in Q3 2012.

Q4 2012 gross profit was US$10.3 million with a gross margin of 3.3 percent, compared to gross loss of US$39.2 million with a gross margin of negative 18.0 percent in Q3 2012.

ReneSola shipped solar wafer and modules with 713.2 megawatts (MW) in capacity, exceeding company guidance and representing an increase of 33.9 percent from 532.8 MW in Q3 2012.

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