UK's Lightsource taps ReneSola
China’s ReneSola has clinched a 69.5MW module supply agreement with UK solar developer Lightsource, representing its first major publicly-announced order in Europe since the provisional resolution of the EU-China solar spat.
London-based Lightsource will use the modules in projects across the UK, which has emerged over the past year as one of the most vibrant solar markets in Europe.
ReneSola says the sales office it opened in the UK earlier this year has allowed it to feed up to 15MW a week into the British market.
“The quality of our glass allows our modules to reach relatively high electricity production levels, particularly with regard to diffused light, which is characteristic of the cloudy and overcast conditions often seen in the UK,” says ReneSola chief executive Xianshou Li.
Lightsource, which calls itself “the largest consumer of Tier 1, bankable Chinese solar PV modules in the UK”, says the supply agreement was made on the basis of the quality of ReneSola’s modules and its “proactive support” during the recent period of anti-dumping uncertainty.
Explaining the decision to buy Chinese modules, Lightsource managing director Karenn Boutonnat says: “The scale of investment into facilities, research and carbon reductions by China is currently unrivalled.”
“Such growth and investment into the British PV module manufacturing industry remains to be seen.” ReneSola, a major supplier of PV wafers that has branched out into modules and inverters, is due to announce its second-quarter financial results tomorrow.