Chinese module and wafer manufacturer ReneSola has started to provide locally produced PV modules outside of China for the first time by offering India-made PV modules to the Indian market.
Based on the current demand of solar panels in India, the company is expecting to supply 250MW of made-in-India PV modules to its Indian customers over the next two years. In order to meet this target, the company will collaborate with local strategic partners.
India has been identified as an important market for the company and the move is in line with ReneSola’s “professionalisation, internationalisation and localisation” sales and marketing strategy in the country.
“Considering the strong and growing demand the India PV market presents for electricity, coupled with the government's strong support and generous subsidies for solar energy, ReneSola considers India to be a key market within Asia,” said Stephen Huang, APMEA President at ReneSola.
“We believe traditional PV sales and trading platforms cannot satisfy local demand, so we intend to invest more in India and are determined to establish roots there, ideally joining forces with the India PV industry to provide customised energy solutions.”
ReneSola has also announced that it has introduced its new Virtus II multicrystalline modules to the Indian market at the 6th Renewable Energy India 2012 Expo, a three-day event held in New Delhi this week. The introduction follows the successful launch of the product in the US and Australia.