ReneSola Ltd recently introduced
its new Virtus II®
multicrystalline modules to the
Indian market. In addition, ReneSola
has started providing locally produced
PV modules to Indian market, and the
expected quantity for ReneSola's Indiamade
PV modules are expected to reach
250 MW in two years' time span. The
India launch follows the successful
introduction of the Virtus II ® solar
modules to the US and Australian
markets.
ReneSola continues to implement its
sales and marketing strategy
of "professionalization,
internationalization and
localization" in India. Given
the substantial demand for
solar panels in India,
ReneSola foresees a total
quantity of 250 mw of Indiamade
ReneSola modules over
a two-year period. This was
the first time the company
started providing locally
produced PV modules outside of
China, emphasizing the importance of
the India PV market. The Company
will realize this target through
collaborating with local strategic
partners in India. In order to import its
world-leading
technology to
India and take
advantage of
India's local
management and
talent resources,
ReneSola is
dedicated to
providing
localized and
customized products and services to the India
market, a company release said.
"Considering the strong and
growing demand the India PV
market presents for electricity,
coupled with the government's
strong support and generous
subsidies for solar energy,
ReneSola considers India to be a
key market within Asia," said
Stephen Huang, APMEA
president for ReneSola. "We
believe traditional PV sales and
trading platforms cannot satisfy
local demand, so we intend to invest
more in India and are determined to
establish roots there, ideally joining
forces with the India PV industry to
provide customized energy solutions,"
he added.