ReneSola Ltd ("ReneSola") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced it has agreed to provide 63 megawatts ("MW") of PV modules to Energy Absolute PCL ("Energy Absolute"), a leader in the research, development and production of alternative energies in Thailand.
ReneSola will deliver 63 MW of its Virtus II PV modules to Energy Absolute between August and October of this year as part of a project in Nakornsawan, Thailand. The project is of a number of large-scale solar contracts for ReneSola in Southeast Asia.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "We have been a leading provider of PV products inSoutheast Asia since last year. This contract demonstrates to our customers that our high-efficiency Virtus modules not only meet the requirements of traditional European and American markets, but also are suited for the high temperatures and tropical conditions of Southeast Asia. As we look ahead, we hope to generate additional business in the emerging solar markets of Southeast Asia."