March 5, 2014 - ReneSola Ltd today announced it has delivered approximately 45,900 of its modules to the Photovoltaic Plant of Ferrara Aranova project, a 11.7MW ground-mounted solar project in Italy developed by Tozzi Sud S.p.A.
ReneSola modules installed for the project averaged 255W and are insured by PowerGuard, third-party coverage that supplement's the Company's warranties regarding product quality and performance.
"This deal reflects the continued success of our OEM strategy. As these modules were manufactured in the EU by one of our OEM partners, we were able to receive additional feed-in-tariff payments on this sale," said Mr. Xianshou Li, ReneSola's chief executive officer. "Our reputation for producing high-quality reliable modules was central to our ability to win this deal. We look forward to partnering with Tozzi Sud on additional projects in the future."
"Our collaboration with ReneSola has been a success. For us it was crucial to identify an integrated cycle supplier with cutting-edge production in the European Union in order to benefit from available feed in tariffs," said Luca Dallaglio, Tozzi Holding's procurement area manager. "The commercial terms and the technical solutions proposed by ReneSola were crucial, as it allowed the company considerable timing optimization. We also appreciated the panel packaging, the excellent quality-to-price ratio of the modules, along with the high level of professional service."