JIASHAN, China, September 11, 2014 /PRNewswire/ — ReneSola Ltd (“ReneSola” or “the Company”) (www.renesola.com) (NYSE: SOL), a leading brand and technology provider of solar photovoltaic products, today announced it will provide 10 megawatts (“MW”) of solar modules to Juwi India Renewable Energies Pvt. Ltd. (“Juwi India”), a Bangalore-based engineering, procurement and construction (EPC) firm specializing in solar and wind energy plants. The modules will power a utility-scale project in Rajasthan to be developed by Atha Group, an India-based conglomerate with operations in mining, steel manufacturing, power, and renewable energy.
Under the terms of the agreement, in September and November of this year, ReneSola will deliver a total of 10MW of its Virtus modules manufactured at the Company’s India-based OEM facilities, in accordance with India’s applicable domestic content requirements (DCR), which call for certain solar projects in the country to incorporate locally manufactured components.
“India continues to be a strong performer for us, in fact this is our second major contract win announcement for this market in as many weeks,” said Mr. Xianshou Li, the Company’s chief executive officer. “With the increasing demand for DCR modules in the India market, our network of OEM manufacturing and on-the-ground teams enable us to satisfy domestic content requirements while responding to market needs in real time.”
Founded in 2005 and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of green energy products. Leveraging its global presence, and expansive OEM and sales network, Renesola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.
About Atha Group
The Atha Group, with diversified business presence in energy, mining & manufacturing was founded more than 60 years ago and is one of the oldest mining houses in India. The Group’s operations are spread across numerous states in India with a foothold in Orissa and West Bengal. The Group operates renewable energy projects in Maharashtra, Gujarat, Rajasthan, Tamil Nadu and Karnataka. The Group has corporate offices throughout the country. In addition, it also has mining operations in South Africa and corporate offices in Singapore and South Africa.
For investor and media inquiries, please contact:
Ms. Juliet Yang
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Mr. Justin Knapp
Ogilvy Financial, U.S.