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ReneSola Ltd.’s third-quarter financial results yielded quite an optimistic view of the company’s future. The vertically integrated Chinese wafer and cell manufacturer is looking to expand wafer production to 1GW (from 825MW); cell production to 360MW (from 120MW); and module production to 375MW (from 135MW).

Vertically integrated solar products manufacturer, ReneSola of China, has signed a letter of consent with the Taiyangshan Development Zone in Wuzhong city, Ningxia Hui Autonomous Region to develop a 150MW grid-connected solar power project.