Chinese photovoltaic (PV) manufacturer
) has received certification for its microinverter, Micro Replus,
in the U.S, Canada, Australia, New Zealand, Germany, Denmark and
the U.K. in the first half of 2013.
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The company's Micro Replus microinverter converts DC electricity
from a solar panel to AC electricity. It has received several
certifications in the first half of 2013 which would help the
company to sell the certified microinverters in key international
markets like Europe, Australia and the U.S.
ReneSola's Micro Replus integrates features like 208 and 240 AC
voltage options and maximum power point tracking (MPPT) and
possesses monitoring software, communications gateway hardware,
and cables outfitted with MC4 compatible connectors. These would
prove economical for customers as extra hidden expenses like
cables and connectors would be eliminated.
With an efficiency level of more than 99.5%, Micro Replus has a
25-year linear warranty to back up the performance promise, at a
price nearly 20% lower than the current market price.
This microinverter received ETL certification from Intertek to
enter the U.S. and Canadian markets freely. Intertek is a leader
in quality assurance and product safety certification. It has
also obtained a Certificate of Approval from SAA Approvals, a
third-party certification body accredited to issue Certificates
of Approval for electrical equipment that complies with the
safety requirements of the applicable Australian and New Zealand
Again, Micro Replus won Attestations of Conformity from a leading
government-designated certification body related to product
testing and the certification of electronic products − TUV SUD −
for being marketed in Germany and other countries including
Apart from these recent certifications, the company expects Micro
Replus to receive certifications, including grid standard
certification, for 11 added European countries by August. In the
third quarter of 2013, ReneSola expects to sell more than 50,000
Micro Replus microinverters in the international markets.
With the increasing need to develop renewable energy in response
to stringent environmental regulations, countries worldwide are
relying on solar energy for generating electricity. Besides
ReneSola, companies like
JA Solar Holdings Co., Ltd.
Trina Solar Limited
LDK Solar Co. Ltd.
) are making the most of the favorable market dynamics.
ReneSola is a leading global manufacturer of high-efficiency
solar PV modules and wafers. ReneSola expects to continue to
reduce its solar module manufacturing costs through improvements
in its manufacturing methods and reduction in material costs.
However, the undesirable impact of countervailing duties of
15.24% and anti-dumping duties of 25.96% levied by the U.S. will
pose a headwind to ReneSola's export business.
ReneSola carries a Zacks Rank #4 (Sell).