ReneSola Signs Supply Pact with Zhejiang XunNeng for 800 MW Solar Modules

ReneSola, a leading solar photovoltaic (PV) module manufacturer, has entered into a framework agreement with Zhejiang XunNeng, a project developer, for the supply of 800 MW capacity of modules for the years 2020 and 2021.

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On the basis of their earlier successful cooperation, both the companies have decided to further extend their business relationship by signing of this 800 MW long-term strategic supply pact.

Commenting on the partnership, Sky Wang, CEO of ReneSola Yixing Co., Ltd, said that “Zhejiang Xunneng is our old friend and loyal partner with excellent company management ideals and business credibility. We are very pleased to witness the growth of our time tested business partnership with them. ReneSola will continue to focus on innovation and make improvements to our operations in order to achieve a high level of customer satisfaction. We are confident that we will continue to have a great and mutually beneficial relationship with Zhejiang Xunneng going forward.”

Through this deal, the two organisations aimed for future cooperation along with their mutual benefits. As per the agreement signed, the first 300 MW of solar modules will be supplied in 2020 itself, while, the remaining 500 MW of PV modules will be delivered before the end of the year 2021.

“We are very pleased to work with ReneSola in developing our global pipeline supply. ReneSola’s brand reputation is quite recognized by us and their product quality and aftersales services are exceptional. Our past experiences with their products and services have been beyond satisfactory. We look forward to forming an even more beneficial and rigid cooperation with ReneSola and are sure that it will lead to satisfactory results,” said Zhejiang XunNeng.

Recently, ReneSola have entered into a 150 MW distribution agreement in Australia with Prosun Solar, a leading distributor of solar power equipment in Australia. Currently, the Chinese module maker had supplied more than 20 GW of cumulative solar PV module capacity globally.

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Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.