) has entered into an agreement to supply 43.6 megawatts ("MW")
of solar modules to Enerparc AG ("Enerparc"). Based in Hamburg,
Germany, Enerparc provides solar power plant installation and
operation services internationally.
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Of the 43.6 MW of solar modules to be supplied, 35 MW of modules
will be delivered by original equipment manufacturers ("OEMs") in
Poland and India. The delivery through these contracted OEMs will
be done between Apr and Jun 2013.
Meanwhile, the company has also inked a deal to supply 2 MW of
its Virtus II (260 Watt) modules for a solar project in
Uenohara-shi, Yamanashi Prefecture, Japan. Virtus II
polycrystalline modules feature a high module conversion
efficiency. It is a unique combination of high quality and
efficiency. These modules carry a mechanical load capability of
up to 5400 Pascal. Also, they abide by existing International
Electro Technical Commission certifications and Underwriters
ReneSola solar photovoltaic ("PV") modules can be found in
projects ranging in size from a few kilowatts to multi-megawatts
in markets around the world, including the United States,
Germany, Italy, Belgium, China, Greece, Spain and Australia.
Recently, the company has entered into a contract with S&C
Electric Company to provide 250 watt ("W") high-efficiency
polycrystalline solar PV modules, also known as Virtus II
modules. A few days back, the company agreed to provide 300 W
high-efficiency Virtus II 72-cell polycrystalline solar modules
to Strata Solar. Strata Solar will utilize the modules in five
6.5 MW solar farms in North Carolina.
These contracts reaffirm the company's position as a
technology-oriented and high-efficiency PV product provider.
Apart from ReneSola, we note that there are other solar companies
in the space with a flurry of such contracts. In January this
JA Solar Holdings Co. Ltd.
) has completed the supply of 9.5 MW of PV modules for Volkswagen
Solar Park, located in the vicinity of the Volkswagen
manufacturing plant at Chattanooga, Tennessee. JA Solar delivered
33,600 high-performance multi-crystalline silicon PV modules that
are spread across 33 acres of land.
Based in Jiashan, the People's Republic of China, ReneSola is a
leading global manufacturer of high-efficiency solar PV modules
and wafers. The company has constantly fine-tuned, diversified
and enlarged its product mix. Moreover, the company focuses on
capitalizing its low-cost manufacturing base and technical
know-how to consistently improve upon the cost competitiveness of
its solar products through research and development and
technological innovation. The company presently retains a
short-term Zacks Rank #2 (Buy).
Other stocks worth considering are
Canadian Solar Inc.
STR Holdings, Inc.
), both with a Zacks Rank #2 (Buy).