ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced it provided HI CITY COMMUNITY INTEREST COMPANY ("HI CITY CIC"), a South Korean non-profit organization commissioned by the Incheon government to manage local utility property, with 45 kW kilowatts ("kW") of Virtus II 250-watt modules and the Company's mounting system solution for a carport and rooftop pilot PV project in Incheon, South Korea, in May 2013.
According to the terms of the agreement, HI CITY CIC will install ReneSola's mounting system solution along with 40 kW of Virtus II modules on the carport and 5 kW of Virtus II modules on the rooftop of buildings in Incheon. ReneSola expects to deliver additional solar modules to HI CITY CIC for use in additional power systems projects for the Incheon government.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "We are thrilled to have delivered our first solar modules to South Korea, a relatively closed market with high expectations in terms of product quality. The selection of our modules by an organization commissioned by the Incheon government speaks to the quality of our Virtus II modules and mounting system. Virtus II modules are an excellent choice for HI CITY CIC's pilot project, and we look forward to contributing more solar modules as Incheon becomes the headquarters for the United Nations Green Climate Fund."