ReneSola, the Chinese solar giant, has announced plans to expand its production facilities in regional markets around the world to serve its growing international client base. This initiative will significantly reduce the company’s transport costs while improving the availability of its locally produced products at a regional level. The company will highlight this strategy at Intersolar 2013, the world’s largest solar energy trade fair, held 17 – 20 June in Munich, Germany.
ReneSola currently has regional production facilities in Poland, South Africa and India, and intends to expand and open more in Europe in the near future.
“We have worked hard to establish a global presence and be a truly international business,” says Xianshou Li, CEO of ReneSola. “Intersolar is an important occasion for us to show our commitment to the European market and our belief in its sustained potential. Positioning our manufacturing plants closer to our customers has long been a part of our corporate strategy. It saves money and time, while reducing the environmental impact of transport. But it also gives stock flexibility around the world, allowing us to adapt and respond better to peaks and troughs in demand.”
ReneSola’s regional facilities have a combined annual capacity of 400 MWp. The facilities, the first of which was established in 2009, create finished PV modules based on ReneSola’s proven bill of materials, which includes ReneSola’s advanced Virtus wafer technology Glass, aluminium and other more common components needed to create the modules are sourced locally, further reducing transport cost.
Each facility is operated by a production partner that creates finished products under the ReneSola brand. To ensure all modules are produced to its own high standards, ReneSola carefully selects and closely monitors its production partners worldwide, and ensures production is carried out in line with IEC (International Electrotechnical Commission) test reports and related factory inspection reports.
