ReneSola supplies 250MW modules in India during H1 2016

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The firm will hit more than 1GW of module supplies to India during 2016/17. Credit: ReneSola

Solar developer and manufacturer ReneSola has completed an installed base of 250MW of solar modules in India in H1 2016 and expects another 450MW of additions by March next year.

Pradeep Sangwan, general manager, ReneSola India, told PV Tech that the company is in the process of hiring another 25 employees in India and is addressing the utility-scale, rooftop and off-grid solar sectors.

The company, which is exhibiting at the Renewable Energy India Expo (REI) in Delhi, will be introducing its latest modules for the Indian market including the 72-cell Double-Glass and 72-cell 1500V products. It will also demonstrate the Virtus III, the latest upgrade in ReneSola’s Virtus module series.

The firm will hit more than 1GW of module supplies to India during 2016/17, having already achieved an installed base of 650MW in modules.

Shelley Xu, ReneSola’s vice president of module sales, told PV Tech that ReneSola is now focusing on China, India, Japan, Thailand and the Middle East among other markets.

Sangwan also said that the firm has been in India for three years with an established infrastructure.

He added: “We are now incorporated as an Indian company and we are maintaining almost 20MW of stock in two warehouses in India. Further we have local registration in almost 16 states in India. We have supplied nearly 200 customers in India.”

ReneSola recently reported second quarter 2016 wafer shipments of 423.3MW compared with 351MW in the previous quarter, a 20.6% increase quarter-on-quarter and up 50%, year-on-year, however, wafer ASPs started falling in the quarter.

This article has been updated to say that Renesola has 20MW of stock in Indian warehouses.

Read Next

July 20, 2021
It is “unhealthy” for China to dominate solar manufacturing and production bases outside of the country are necessary to reduce the risk of supply chain disruptions, an Indian government official has said.
July 20, 2021
Vikram Solar has completed a new 1.3GW solar module manufacturing facility in Tamil Nadu, India, taking its total manufacturing output to 2.5GW.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
PV Tech Premium
July 9, 2021
Solar’s dominance in recent renewables auctions in Poland has further reinforced the promising outlook for the market, with developers and analysts welcoming support provided for the construction of smaller projects.
June 28, 2021
Module and cell manufacturers in India will expand their production capabilities by 13.75GW for modules and 6.9GW for solar cells, according to research by JMK Research and Analytics
June 25, 2021
Indian conglomerate Reliance Industries will construct an integrated PV module factory and look to enable more than 100GW of solar by 2030 as part of a US$10.1 billion clean energy plan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021