ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced its 125-square monocrystalline module has been listed by the Japan Photovoltaic Expansion Center ("JPEC") as qualified for the Japan market.
JPEC-listed products are eligible to receive installation subsidies from the Japanese government, meet Japan's high-quality standards and safety requirements and are fully compatible with the country's electric grid.
In order to obtain JPEC listing, ReneSola partnered with local suppliers to provide a PV home kit solution that includes 125-square and 156-square monocrystalline modules with an inverter, monitor and racking system to the Japan market. JPEC listing is expected for additional ReneSola products, including the Company's 156-square monocrystalline module and 250 W poly module, in the near future.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "JPEC listing is considered the biggest hurdle for a foreign company entering Japan's residential solar market. Now that we are listed, we can invest more heavily in the Japan market and capitalize on the country's energy buy-back program, which focuses heavily on solar power. By partnering with local suppliers, we are confident that we can deliver high-efficiency products and localized household renewable energy solutions to the Japan market."