) has agreed to provide 300 watt ("W") high-efficiency Virtus II
72-cell polycrystalline solar modules to Strata Solar, LLC
("Strata Solar"). Strata Solar will utilize the modules in five
6.5-megawatt ("MW") solar farms in North Carolina.
More than 108,000 ReneSola modules will be utilized in the five
solar farms with each farm using 21,677 modules approximately.
The solar modules will be delivered in Jun and Jul 2013.
The 300W Virtus II 72-cell polycrystalline solar modules
featuring high module conversion efficiencies carry a mechanical
load capability of up to 5400 Pascal. Moreover, these modules are
easy to handle and can be installed on various applications.
Also, these modules abide by existing International Electro
Technical Commission certifications and Underwriters Laboratories
Strata Solar LLC is a leading provider of complete solar energy
systems and installations in the U.S. It provides a full array of
engineering, procurement and construction services. Strata Solar
is trying to bring in solar projects to North Carolina. To this
end, in Feb 2013, it also entered into a partnership with
Canadian Solar Inc.
) for the development of utility-scale solar power projects in
China-based ReneSola manufactures and sells solar wafers and
related products. The company enjoys a geographically-diversified
customer base. Besides having excellent reach for silicon that is
required for its wafers, cells and other key module components,
the company has a solid hold on its supply chain.
Of late, ReneSola has fine-tuned, diversified and enlarged its
product mix. Moreover, the company is also focused on cost
reductions by reducing its module and wafer processing costs.
Therefore, its competitive price per watt, high-efficiency solar
modules and reliable delivery schedules attract customers.
However, the countervailing duties and anti-dumping duties
imposed in the U.S. are a matter of concern for Chinese companies
JinkoSolar Holding Co., Ltd.
LDK Solar Co., Ltd.
). ReneSola presently retains a short-term Zacks Rank #2 (Buy).
CANADIAN SOLAR (CSIQ): Free Stock Analysis
JINKOSOLAR HLDG (JKS): Free Stock Analysis
LDK SOLAR CO (LDK): Free Stock Analysis
RENESOLA LT-ADR (SOL): Free Stock Analysis
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