ReneSola Ltd (“ReneSola”) (NYSE: SOL), a leading brand and technology provider of solar photovoltaic (“PV”) products, today announced it has signed a series of agreements to provide Lightsource Renewable Energy Limited (“Lightsource”), the largest solar energy generator in the United Kingdom, with 69.5 megawatts (“MW”) of solar modules for installation on solar farms in the United Kingdom. Once installed, the modules are expected to generate enough clean electricity to power more than 23,000 U.K. households.
Mr. Xianshou Li, ReneSola’s chief executive officer, said, “We have been working with Lightsource for almost three years now, highlighted by this year’s significantly large order of modules. We are confident that our high-efficiency modules will enable Lightsource solar farms to operate at peak performance. The quality of our glass allows our modules to reach relatively high electricity production levels, particularly with regard to diffused light, which is characteristic of the cloudy and overcast conditions often seen in the U.K. With our local presence, particularly during what was a time of regulatory uncertainty, we were able to mobilise up to 15 MWp of delivery per week to our U.K. customers, which underscores the value of our global network of local offices.”
Ms. Kareen Boutonnat, Lightsource’s managing director, said, “We are the largest consumer of Tier 1, bankable Chinese solar PV modules in the U.K. Our solar farms need to perform to the highest standards and we recognise that China is a global leader in the production of the most efficient modules. The scale of investment into facilities, research and carbon reductions by China is currently unrivalled. Such growth and investment into the British PV module manufacturing industry remains to be seen. We are pleased with the quality of ReneSola’s solar modules and with the company’s proactive support during the period of anti-dumping uncertainty. We are confident their modules will benefit our operations and hope to establish a long-lasting relationship that will help grow the U.K. solar market further.”