The company is expecting ship additional Virtus modules, in excess of currently agreed, to Solargain in the near future.
Speaking of the sale, ReneSola chief executive officer Xianshou Li said that the agreement is a testament to the company’s increasing market recognition as well as its technology and investment in research and development.
"This deal reflects not only our strong position in Australia, where we have shipped over 40 MW of modules year to date, but also greatly strengthens our worldwide brand recognition and module business," added Li.
China-based ReneSola uses its in-house virgin polysilicon, solar cell and module production capabilities to develop solar wafers and solar modules.
