ReneSola has entered into a supply agreement with Greek Big Solar, the company has announced. Under the agreement, ReneSola will provide Big Solar with 100MW of its Virtus PV modules. ReneSola further announced the revision of its 2012 half year shipment guidance of wafers and modules, which is expected to be up to 1GW. The company assumes that the full year shipments with be up to 2.4GW compared to previous estimation of approximately 2GW.
Xianshou Li, ReneSola's CEO said, “We are pleased to be expanding our relationship with BIG SOLAR. This deal reflects not only our strong position in key solar markets like Greece, but also our continued push in global sales. In the first half of 2012, ReneSola delivered 40 MW of our high-efficiency Virtus modules to Greece, becoming one of the country's biggest module suppliers. We are also among the top module suppliers in Australia and Belgium, thanks in part to the technology development and commercialization of ReneSola's high-efficiency Virtus modules, which have an average power generation of 255W.”