ReneSola Forms JV to Establish 3 GW Solar PV Manufacturing Facility

• ReneSola as well as Zhongnan Industry have chosen to enter into a JV to set up a Solar PV manufacturing center with an annual production ability of 3 GW in China.

ReneSola, a world deemed Solar PV Module supplier & Zhongnan Industry, a well-known empire in China, has made a decision to participate in a joint venture (JV) to set up an extra solar PV production facility of annual production ability of 3 GW in Nantong, Jiangsu Province of China.

The new facility will be concentrating on the commercialization of brand-new innovations in the Solar PV modules. The new production will certainly add 3GW of added capacity to ReneSola's existing 3.65 GW Solar PV making portfolio. The cooperation in between ReneSola & Zhongnan Industry is based upon the long-term commitments and a typical vision to make clean energy more available & affordable globally.

Sky Wang, CEO of ReneSola Yixing, stated that this "new venture will include even more value to our supply chain and; will make the ReneSola modules extra available and also cost effective for the customers worldwide and also will certainly even more sustain our growth strategies in the new worldwide markets. The brand-new production system will start manufacturing by the end of 2020."

Zheng Lei, CEO of Zhongnan Industry, a subsidiary of Zhongnan Holding Group, said that "Zhongnan attaches excellent significance to the eco-friendly brand-new power market. China is the globe's biggest solar module manufacturing center with substantial possibility. We intend to accomplish a win-win situation with overall teamwork with Renesola."

ReneSola considering that its beginning in 2005 has supplied greater than 20 GW of collective SPV module ability around the world as well as has gained from a large number of customers ranging from a small rooftop proprietor in Australia or the US to a large solar farm designer in the EU or India.

Last month, we had actually reported that ReneSola and Avenston had actually authorized a long-lasting partnership agreement for collaboration in Ukraine and also other nearby countries. According to the Partnership, Avenston will market as well as sell ReneSola's top quality and also high-efficiency solar PV modules in the area solely and both the business also agreed to discover other job development relevant chances in Ukraine at a right time.