Company opens new office and warehouse facilities in Mexico
SAN FRANCISCO, Dec. 3, 2014 /PRNewswire/ -- ReneSola Ltd (www.renesola.com) ("ReneSola" or the "Company") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced the expansion of its North American operations into Canada and Mexico. The Company has opened a new office and warehouse facilities in Mexico City, Mexico.
Kevin Chen, President of Americas said, "ReneSola is expanding its North America footprint in both Mexico and Canada, offering local technical and business solutions, which have driven our success in similar markets. The new offices will allow ReneSola to better serve our local customer base with a centrally located, easy-access hub. Furthermore, the expansive facilities offer fast freight processing and state-of-the-art security."
DM Solar, one the largest PV distributors in Mexico, signed a non-exclusive agreement with ReneSola, becoming the Company's first Mexican distribution partner.
Yusef Kanchi, Co-founder of DM Solar said, "As one of the leading residential solar suppliers in the region, we are pleased with the quality of the service and products we receive from ReneSola, and are delighted they have opened a secure facility in the area."
Mexico expects to generate 35 percent of its energy from renewable sources by 2024. In 2012, only 4 percent of the country's electricity was generated from wind, solar and geothermal sources. The Mexican government is anticipating enormous increases in solar and wind power capacity for 2018, with the solar market's installed base expected to quadruple from 60 megawatts to 240 megawatts by the end of this year.
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.
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 North America:
Mr. Naveed Hasan
ReneSola America
Tel: +1 415 852 7428
E-mail: marketing.us@renesola.com
Mr. Justin Knapp
Ogilvy Financial, U.S.
Tel: +1-616-551-9714
E-mail: sol@ogilvy.com
For Sales inquiries, please e-mail:
In Mexico: Mexico@renesola.com
In Canada: Canada@renesola.com
