ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced it has contracted to sell 512 kilowatts ("kW") of its high-quality, high-efficiency solar modules to Cummings Properties, one of the most prominent full-service commercial real estate development and property management organizations in Massachusetts, for use on the rooftop solar system of Cummings Center, a two-million square foot corporate campus and retail center in Beverly, Massachusetts.
Under the terms of the agreement, ReneSola will ship 512 kW of its 305 watt ("W") poly modules to Cummings Properties this month. Design and construction of the center's rooftop solar system, as well as integration of ReneSola's solar modules, will be performed by Cummings Properties. To date, Cummings Properties has completed six rooftop solar projects totaling approximately 1 MW, with roughly 1 MW of additional projects in construction or planning phases.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "Cummings Center is one of the most significant commercial real estate restorations in the northeastern United States, and we are excited to be a part of it. The center's high visibility will help enhance ReneSola's brand image in the region and demonstrate the high quality of our solar modules. This project underscores our commitment to the U.S. market, particularly in Massachusetts, and we look forward to opportunities to expand our presence there."