ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced Segen Ltd ("Segen"), the UK's leading value-added distributor of solar PV products, will be adding a new range of quality PV panels from ReneSola to its comprehensive portfolio.
Segen is now stocking ReneSola's 245 watt ("W") and 250 W Virtus modules in response to recent customer demand and anticipated requirements in the solar PV market. The Virtus range offers excellent electricity generation capacity under high temperatures, as well as a lower level of light-induced degradation. The Virtus range also surpasses the conventional 16.5% efficiency for multicrystalline PV cells and is able to convert photons to electrons at efficiencies over 18.2%. This is achieved through ReneSola's quasi-mono wafer technology, which combines the high quality of monocrystalline silicon with the low cost of multicrystalline silicon PV technology to produce a more efficient and cost-effective solar wafer.
Andy Pegg, managing director at Segen, said, "ReneSola's commitment to the advancement of solar PV technology makes them an ideal partner for Segen. They are already a well-established and respected multinational manufacturer and their range of cutting-edge Virtus modules are an asset to Segen's ever-expanding product portfolio."
Jijun Shi, president of ReneSola Europe, said, "We are excited to enter the UK market, and we are thrilled to work with the UK's leading distributor of solar PV products. Our collaboration will provide the highest quality PV panels to a growing UK solar market."