MELBOURNE, Australia, September 17, 2014 /PRNewswire/ -- ReneSola Ltd. ("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a leading brand and technology provider of solar photovoltaic (PV) products, today announced a new partnership initiative with Swiss inverter manufacturer SolarMax to distribute SolarMax solar inverters in Australia.
The partnership is an extension of ReneSola's distribution agreement in North America, and Australia will be the second country in the world where ReneSola will sell SolarMax inverters directly to the Company's customers. ReneSola will offer its solar panels along with SolarMax's P-series and MT-series solar inverters and accessories as a premium package to residential and commercial customers. The inverters are fully certified for use in Australia and New Zealand and are accredited by the Clean Energy Council (CEC).
"This new initiative has strategic significance for us in that the bulk of our Australia revenues are generated by our retail-oriented sales and marketing operations," said Mr. Xianshou Li, ReneSola's chief executive officer. "By expanding the range of quality and integrated PV products that we have available for sale, we can better serve our retail-oriented customers and thus continue to enhance our brand reputation."
"ReneSola continues to lead our more traditional Tier 1 PV peers through our one-stop-shop initiatives and our agreement with SolarMax extends the range of solar inverters we can recommend to our residential and commercial clients in Australia," said Derek Marsden, general manager of ReneSola Australia.
"SolarMax is delighted to extend our distribution partnership agreement with ReneSola from North America to Australia," said Christoph von Bergen, SolarMax chief executive officer.
"This partnership will raise the visibility of SolarMax's Swiss-made solar inverters through ReneSola's established worldwide sales channels and it offers an extended avenue for SolarMax to reach new customers."
"Our relationship with ReneSola will bring SolarMax's globally renowned inverters to a market where there is growing interest and demand for high quality solar installations in Australia," said Gavin Merchant, key account manager for SolarMax Australia.
For more information, please visit www.renesola.com.
About ReneSola
Founded in 2005 and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of green energy products. Leveraging its global presence, and expansive OEM and sales network, Renesola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.
About SolarMax
Sputnik Engineering AG, a Swiss company, is one of the world's leading manufacturers of grid-connected solar inverters. Under the name SolarMax the company develops, produces and sells inverters, and has done so for more than 20 years - from photovoltaic plants on single-family homes where the kilowatt output is modest, to solar power plants where the output is measured in megawatts. The inverter is a key component of the solar plant, transforming the generated direct current into grid-compliant alternating current. The company's 20 years of experience is not only reflected in the Swiss quality, highest efficiency, reliability, and durability of the SolarMax product range; but also in the way the company offers its customers exceptional international support by means of its comprehensive warranty services, after sales support, and intelligent solutions for system monitoring.
For investor and media inquiries, please contact:
In China:
Ms. Juliet Yang
ReneSola Ltd
Tel: +86-21-62809180-105
E-mail: ir@renesola.com
Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-3073
E-mail: sol@ogilvy.com
In Australia
Mr. Samir Jacob
ReneSola Australia
Tel: +61 432 661 502 / 03 8899 7175
E-mail: marketingaus@renesola.com
In the United States:
Mr. Justin Knapp
Ogilvy Financial, U.S.
Tel: +1-616-551-9714
E-mail: sol@ogilvy.com
