Dallas, Texas 02/25/2014 (FINANCIALSTRENDS) – ReneSola Ltd. (ADR)(NYSE:SOL) though sounds European in sound, is actually a Chinese solar industry components and products maker who offers more products in the technology niche it provides. The manufacture and production processes of the products are at its massive Chinese locations, while the business verticals are essentially from the global office spaces this company operates.
ReneSola Ltd. (ADR)(NYSE:SOL), the People’s Republic of China company was formed in 2006, March17 and operates through its system of overseas suppliers as well as consumers. These include such of the manufacturers as well as the producers of modules as well as solar cells for the sector. The company is expected to offer wafer manufacturing for over 2,000 megawatts and also includes such technologies as monocrystalline wafer capacity. This will include 400 megawatts as also multicrystalline wafer manufacturing capacity which is of the quality of 1,800 megawatts. Later, by the time of July 2012, the company is known to have sold over 5.95 megawatt of particular section of models it presents. This includes the models such as the Virtus models which were presented to company’s such as Solargain PV private limited. By October of 2012, the company has also been successful in building its subsidiary at Japan. This venture is called as the ReneSola Japn Ltd. Later by 2013, the focus for this company has moved forward into Korea and is called as the Lucas Est Co. Ltd as well as the Ecosfer Energy Korea Co. Ltd. The last two are known to be owned subsidiaries for the company.
ReneSola Ltd. (ADR)(NYSE:SOL) operates from the now famous manufacturing hub of Jiaxing, ZHJ. The latest news report of supplying 13 MW of efficiency Virtus as well as other solar modules to Low Carbon, which is a UK-based renewable energy player. The new supply will help in building a project for on-soil project spread over 63.5 acres in Wiltshire, England.