31 May '14, 4am

ReneSola increases outsourcing & new markets diversification for #solar in #Australia #India, #Africa

ReneSola guided full-year total PV module shipments to be in the range of 2.3GW to 2.5GW. In its first quarter 2014 earning call, ReneSola management noted that its OEM manufacturer capacity had exceeded 1.1GW, with a total of 11 third-party module assembly plants being used and located in Europe, Africa, South Asia, and the Asia-Pacific region. ReneSola reported first quarter PV module shipments of 521.1MW, compared to 505.3MW in prior quarter. Total solar wafer and module shipments in the quarter were 710.1MW, compared to 784.1MW in the fourth quarter of 2013. Financials SOL NYSE 2.54 -0.21 (-7.64%) 4:05PM EDT Tier-one PV manufacturer, ReneSola, continues to expand its module manufacturing outsourcing strategy and shift its focus to related PV products and residential markets as it moves away from competitor strategies. In its first quarter 2014 earning call, ReneSola ma...

Full article: http://www.pv-tech.org/news/renesola_increases_outsourcin...

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