ReneSola Ltd ("ReneSola") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced that it has agreed to ship 4.3 megawatts ("MW") of its high-quality solar modules to E.ON Climate & Renewables GmbH ("E.ON Climate & Renewables"), an award-winning unit responsible for industrial-scale renewable activities within E.ON AG ("E.ON"), one of the world's largest investor-owned power and gas companies.
Under the terms of the agreement, ReneSola will deliver a total of 4.3 MW of its 245 W multicrystalline solar modules in March 2013 to E.ON Climate & Renewables for use in a solar project in Sassari, Italy.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "Our module business is performing well in Europe. The technology and reliability of our solar modules continue to attract new customers. This is our first project with E.ON and we expect to ship additional solar modules to the company for projects in the United States andEurope. Meanwhile, we will continue to develop our solar technology, as we expand and strengthen our customer relationships, grow our module business and increase our global market share."