Company establishes local office to enhance nationwide sales platform
MISSISSAUGA, Ontario, 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. The Company has opened a new office and warehouse facilities in Mississauga, Ontario.
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."
Canada's photovoltaic market is mainly concentrated in Ontario, a result of the province's feed in tariff (FIT). Previous FIT programs required solar projects to be powered by "domestic content" equipment made in Ontario. The third phase of the program (FIT3) has eliminated this requirement.
"We can provide enhanced solutions to optimize support for our Canadian customer base of distributors and installers," said Mr. Chen.
EfstonSolar, a leading Ontario solar distributor, founded in 1970, signed a non-exclusive agreement with ReneSola Canada to become the Company's first Canadian distribution partner. Since 2009, EfstonSolar has installed over 200 FIT projects, deploying 15 MW in 2014.
"ReneSola's long-term and sustainable business strategy caught our attention at Solar Power International, clearly distinguishing itself from other PV manufacturers," said Nick Efston, president of EfstonSolar. "A vertically integrated model, robust global OEM partnerships, and total-solutions product offerings make a reliable and bankable partner for those seeking success in the Canadian renewables market."
ReneSola Canada recently joined the Canadian Solar Industry Association (CANSIA) and is partnering with EfstonSolar to participate at the upcoming Solar Canada exhibition in Toronto, December 8-9.
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.
Media Inquiries
Mr. Naveed Hasan
ReneSola America
Tel: +1 415 852 7428
E-mail: marketing.CA@renesola.com
