According to the terms of the contract, ReneSola will provide 200MW of solar modules annually for three years commencing in 2010.
Li Xianshou, CEO of ReneSola, said: “Our first major solar module OEM contract reflects the exceptional value inherent in our cost-competitive solar wafer and solar module OEM manufacturing platform. Our customers are increasingly recognizing the benefits of including our cost-effective solar solutions as important components in their production processes.
“We plan to leverage our module OEM capabilities to significantly strengthen and expand customer relationships with key industry players and further increase our solar wafer sales. We believe this OEM deal underscores our vision to lead the world in solar wafer production.”
ReneSola leverages its in-house virgin polysilicon and solar cell and module production capabilities to provide its customers with cost-competitive solar wafer products and solar module OEM services, the company said.
