ReneSola gets 44MW Enerparc order

China’s ReneSola has bagged a 44MW module supply agreement with German solar engineering, procurement and construction (EPC) giant Enerparc, adding another jolt of momentum to its growing module business.

The deal, like others the company has recently announced, will see ReneSola produce the majority of the modules via original equipment manufacturers (OEMs) – this time in Poland and India. ReneSola will deliver the modules between April and June.

ReneSola chief executive Xianshou Li says the deal demonstrates that “our strong relationships with a number of OEMs allow us to maximise our international reach while lowering costs”, while adding that he hopes it will lead to a “long-lasting relationship” with Enerparc.

It appears to be the first time Enerparc – Germany’s largest solar EPC player last year, and the sixth largest in the world – has bought ReneSola modules. In the past the developer has used modules from the likes of China’s Trina Solar.

ReneSola, the world’s third-largest maker of PV wafers, has aggressively expanded into modules, and in recent months its module business has been on a hot streak.

Since the beginning of April ReneSola has announced a slew of significant module orders in the US and Japan – many of them for its high-efficiency “quasi-mono” Virtus models – and a major tolling agreement that will see France’s Solairedirect produce 120MW ReneSola-branded modules in South Africa.

ReneSola shipped 321MW of modules in the final quarter of 2012 – compared to just 281MW for the whole of 2011.

Zheijiang-based ReneSola lost $203.4m last year on 2.2GW of PV shipments – a relatively modest deficit by the standards of many of its Chinese rivals.