New Delhi, September 14, 2013 - Global solar photovoltaic provider is augmenting their OEM partners in India and expanding its product portfolio, opening logistic and warehouse facilities across Hyderabad, Mumbai, Kolkata, and Delhi in the next 2-3 years. The company has recently set up its corporate office in Mumbai.
The solar PV leader aims to diversify and expand its product portfolio in the Indian market by end of 2013 by introducing products like micro inverters, string inverters, mounting structures, power storage systems, monitoring systems, LEDs, and other green products. which will steer them quickly to reach 10 categories and 1,000 catalogues by the end of 2014.
So far ReneSola India has sold around 110MW modules in India out of a total 1.5GW installations which include 5.5MW project in Phalodi and Rajasthan by Solar Direct, 1.5MW project in Gujarat by Sun Edison, and 54MW project in Neemuch MP by Welspun .
Says Surendra Kumar Mishra, General Manager of ReneSola India Pvt Ltd: “Considering the growing demand of the solar power in the Indian market, which is estimated at 12.6GW by 2016, the Indian solar industry is likely to witness immense acceleration in investment from global solar players. ReneSola targets to grab 10% of the MW scale projects which stands at 150MW and 15% of the Off Grid Market in India standing at Rs 1.2 billion. This will further rise to 25% of MW scale projects and 50% of the Off Grid Market by 2020. ”
Harry Xu, Sales Director, APAC at ReneSola, adds: “Our Virtus III panels integrates with ReneSola micro inverters and are PID free which is most suitable for high temperature and humidity environments like India. The solar modules that we offer are certified by international organizations. Our clients can be assured that our modules are exceptionally durable, environmentally friendly, and have excellent price-performance ratio.”
Founded in 2005, ReneSola is a leading brand in and technology provider of solar PV modules and wafers with 17 subsidiaries worldwide. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found around the world, including the United States, Germany, Italy, Belgium, Greece, Spain, China and Australia.