By Brian Publicover in Tokyo
Thursday, February 20 2014
Updated: Thursday, February 20 2014
Vitec will take a 51% stake in the venture, which will eventually produce up to 80MW of PV modules per year, a Vitec spokesperson tells Recharge.
The two sides hope to lease factory space north of Tokyo in Otawara, Tochigi prefecture, from April.
ReneSola, based in China’s Zhejiang province, wants to localise production in response to demand for “made-in-Japan” panels, the Vitec spokesperson says.
In January, New York-listed ReneSola announced a 420MW panel supply agreement in Japan with an unnamed developer.
In July, it revealed plans to supply 12MW of panels to Japanese commodities trading firm Silicon Bank for rooftop and ground-mount projects throughout the country.
And last April, Renesola claimed a key breakthrough after one of its modules was approved for use in the country by the Japan Photovoltaic Expansion Centre (J-PEC).
Separately, ReneSola announced it will supply 13MW of its PV modules to UK renewables investor Low Carbon.
The polycrystalline solar panels will be used in a 63.5-acre ground-mount site in Wiltshire, southwestern England, New York-listed ReneSola said in an online statement.
The company, based in China’s Zhejiang province, has already started delivering the panels from its warehouses in India and Poland.
In January, ReneSola announced orders to supply 88.7MW of PV modules to Spanish EPC provider Isolux Corsan for several projects in England.
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