China-based solar photovoltaic modules and wafers manufacturer ReneSola has entered into a module supply agreement with Silicon Bank, a Japan-based commodity trading firm.
As per the terms of the agreement, the company will supply 250W monocrystalline modules, totaling 12MW.
The delivery of the solar modules is scheduled for August and September of 2013, the company said.
Commenting on the deal, ReneSola chief executive officer Xianshou Li said that the deal with Silicon Bank represents the company’s constant growth in Japan’s solar market.
"We hope to increase our business with Silicon Bank as we deliver high-efficiency PV products and household solutions to Japanese end users and increase our market share across emerging solar markets," added Li.
In addition, ReneSola is expected to deliver additional PV modules, totaling 20MW to Silicon Bank over the future.