ReneSola to sell 5.95 MW Virtus Module to Solargain

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ReneSola to sell 5.95 MW Virtus Module to Solargain

Greentech Lead Australia: ReneSola, a manufacturer of solar wafers and solar
modules, has signed a sales agreement with Solargain, an Australian integrated
solar energy and solar hot water supplier, to sell 5.95 MW of its high-quality,
high-efficiency Virtus modules.

Under the terms of the agreement, ReneSola will ship a
total of 5.95 MW of its 250 W high-quality, high-efficiency Virtus modules
directly to Solargain. ReneSola also
expects an expansion on the contract with Solargain in the near future.

“This is another demonstration of the
ever-increasing market recognition of our superior products, including our
Virtus products, and the strength of our technology and investments in research
and development. We are pleased to be able to supply our Virtus modules to
Solargain, which is a solar product leader in the Australian market, and we
hope to continue to grow our relationship with Solargain,” said Xianshou Li,
ReneSola’s chief executive officer.

With this contract ReneSola’s  year to date
module shipments to Australia will total 40 MW.

This deal reflects not only our strong position in
Australia, where we have shipped over 40 MW of modules year to date, but also
greatly strengthens our worldwide brand recognition and module business. We
believe that over time we will continue to improve our position in the
market,” added Li.

ReneSola announces new module distribution agreement and
revised full year 2012 shipment outlook

ReneSola recently announced it will provide 100 MW of its
high-efficiency Virtus modules to BIG SOLAR, the Greek distributor in the field
of photovoltaic systems for electricity production through solar energy.
ReneSola will ship in the coming 12 months directly to BIG SOLAR.

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