Renewable energies have experienced a massive surge in growth, popularity, and also necessity in recent years. The global warming crisis is not going away, and the constant overuse of non-renewable energy sources is fast depleting the human race of what it needs to survive. Renewables can solve that problem, but it takes true innovators and visionaries to make it happen. Enter Chinese firm, ReneSola, recipient of Acquisition International’s award for Most Outstanding Solar PV Modules – 2020. Join us, as we take a closer look at the innovation that has seen this firm achieve excellence.
The allure of renewable energy sources can sometimes appear too good to be true, but it is fast becoming one of the most necessary changes that people on this planet will have to make in order to continue living with some semblance of normality. Whether it be hydroelectricity, tidal energy, wind energy, or geothermal energy, there are a multitude of ways that the human race can, and must, adapt in order to protect the future of both the planet and its varied flora and fauna. However, arguably chief amongst these renewable energy options for homeowners and residents in cities and towns as well as for the large power plant developers across the world is solar energy; harnessing the power of the sun to great effect. As traditional biofuels and non-renewable energy sources continue to be depleted, more and more people are looking towards more environmentally-friendly and protective alternatives. That is where the companies like ReneSola comes into the story.
ReneSola brand was established fifteen years ago in the year 2005, at a time when in China there were only a handful of truly global manufacturers of products related to the widespread commercial usage of solar energy. Today, ReneSola is responsible for manufacturing and providing clients all over the world with high quality solar photovoltaic cells and modules, complete with polycrystalline and monocrystalline technologies for increased efficiency and effectiveness. Every single client has the opportunity to reduce their carbon footprint and reduce their dependence on the Earth’s natural resources in order to promote a sustainable future. In today’s world, with the increased focus on renewable energies and environmental protection, the success of ReneSola is absolutely and completely warranted.
It would be hard to argue with the company’s reputation as a reliable and high quality SPV manufacturer, as it has risen year on year, and continues to rise to this day, achieving significant benchmarks and milestones. Just one year after it began trading, the company was listed on the London Stock Exchange before going on to be listed on the New York Stock Exchange in 2008. In 2011, it was reported that ReneSola had begun development on the Virtus Wafer which would boost solar efficiency to much higher levels, and then went on to start OEM production overseas just a year later. 2015 saw the launch of its commercial and residential rooftop business in China, and then in 2016, the firm hit the milestone of globally shipping upwards of 15GW. As of 31st December 2017, ReneSola had successfully established its project development business in China, the United States, Canada, the United Kingdom, France, Poland, Hungary, Spain, Turkey, India, South Korea, and many more countries across the world. Later in 2017, the company has taken its manufacturing business private from NYSE listing to focus on the Project Development and Solar PV Manufacturing separately. Recently, the company has announced that it has achieved a 20GW of global supply mark till 2019. ReneSola operates the state of art manufacturing facility of 3.65GW annual production capacity based Jiangsu province in China and has the expansion plan to reach to 5GW capacity by the end of 2020.
The Company has announced on 31st March, 2020, that it has signed a USD 100 million strategic investment agreement with Zhongnan Industry (a subsidiary of Zhongnan Holding Group) in order to strengthen the Solar PV Manufacturing and execute the expansion plan.
Driven by the universal vision and commitment to fight the global energy crisis, ReneSola has been strengthening its international bonds as a demonstration of its powerhouse performance in small and largescale solar markets alike across the entire world. Whether it be in the People’s Republic of China, the United States of America, the United Kingdom, Europe, or the Indian subcontinent; ReneSola’s vision for a world of renewable energy knows no bounds. The future holds limitless potential for harnessing energy to power communities in clean ways, and this firm despite of many up and downs in the journey so far is at the forefront of bringing that potential to people everywhere.
Leveraging its presence on the global stage and its extensive experience in the renewable energy industry, ReneSola is perfectly positioned as a reputed Solar Photovoltaic Manufactures and a project developer worldwide. The worldwide agenda is more focused than ever before on improving the overall health and well-being of the planet and its people. What is remarkable about solar power is that it can be harnessed by anyone, and ReneSola is determined to offer it to anyone. The firm’s client base is as wide as it is diverse, ranging from small rooftop owners to large solar farm developers. Renewables are not something reserved for scientists and the wealthy; everyone can take part in saving the planet. ReneSola’s services ensure that every single client receives the very best tools in order to start their own journey into renewable energy.
As a vertically-integrated solar manufacturer, ReneSola offers its clients a large range of solar products across multiple applications and sizes, including residential, commercial, and utility-scale. In the fifteen years since the company started trading, ReneSola has supplied more than 20GW of solar products to thousands of clients all over the world. These include photovoltaic modules, inverters, and solar kits designed to be used in a myriad of places. However, what separates and elevates this firm to new heights is the quality of the products supplied to its clients everywhere.
ReneSola’s solar products are made with only the highest quality and most innovative technology, ensuring that sustainable, long-term usage of renewable energy is becoming less of a dream, and more of a reality with every passing day. With Virtus II modules and leading Mono PERC technology, clients can experience higher conversion rate efficiencies than those offered by any renewable energy competitors. Not only are the materials used innovative and efficient for the harnessing and conversion of solar energy, but they are also cost-competitive against many of ReneSola’s competitors. Once safely delivered to the client in microcrack-proof packaging, these products are easy to install, reliable and stable, and recognized by multiple international certifications.
Behind the development, manufacture, and delivery of these exceptional solar products is the team at ReneSola. The interdepartmental collaboration between each of the teams and staff members working across the globe for ReneSola has made it into one of the finest solar photovoltaic manufacturers currently out there. The business as a whole operates with a wholly open culture, allowing every staff member to feel free in sharing their ideas as the company continues to grow and look forward to bigger and better things.
Driven by technology, quality, and trust, ReneSola is the epitome of excellence for what any company should strive to be, not just in the renewable energy industry. It doesn’t settle for anything less than the best it can possibly offer to its clients. The firm adopts the best commercially-available technologies for product development; it uses the highest quality standards to ensure that the market gets the best quality product at affordable prices, and its believes in developing trust to maintain repeat clients and strong business partnerships around the world. At the centre of everything that ReneSola achieves is the promise to take care of the planet, and also its clients.
Rather than treat its clients as one time buyers, ReneSola considers them business partners for long-term working relationships. As well as the successful application of strict quality assurance plans in order to deliver top quality products at affordable rates, the company now has an upper hand in the higher wattage products market that reduces overall project cost for clients. The team of fully-trained and highly-skilled experts leave no stone unturned to make the client happy and satisfied with their new solar product. Available 24/7, these qualified professionals deliver the best in customer service and, if necessary, can visit the client’s place to solve any technical issues in person. It is these distinct approaches that has helped the firm acquire long-term business relationships whilst gaining confidence and a reputation for excellence from the marketplace.
However, despite the many positives that have come from, and continue to come from, the advancement of the renewable energy industry, the journey so far for ReneSola has not been without its challenges. The falling prices of solar photovoltaic modules over the past few years have made it increasingly tough to book the minimum margins in manufacturing. Yet, this is where the impressive market insight and discernment that characterises the team at ReneSola has proven its worth once more. Unlike others, the firm has not invested heavily to increase its manufacturing capacity to such a large scale where its survival is almost entirely dependent on market fluctuations.
Sustainability is key for just the planet, but also ReneSola itself. In order to be a sustainable enterprise, the firm constantly strives to be dynamic, flexible, and constantly ready to change should the market require it. Renewable energy is a significantly more popular, and therefore competitive in market than it has ever been before, but ReneSola is resolutely focused on maintaining its global and industry-leading position. A key part of this maintenance lies in foreseeing the future of where renewable energy could go, with regards to solar power in particular. One trend that ReneSola has noticed, and is actively taking part in, is the shift of the solar market from standard poly technology, to mono PERC modules.
ReneSola has enhanced its own production of mono PERC modules, and will continue to do so throughout 2020 and well beyond. Meanwhile, the firm is also working on other innovative products for the global renewable energy market to help other developers save significant money on certain aspects of solar panels and modules themselves. In terms of expansion, ReneSola has no intention of slowing its already remarkable growth. With plans to enhance production capacity to 5GW from the existing 3.65GW by the end of 2020, and early explorations into starting an oversea production unit that will be aimed at catering to the South Asian market, the future is brighter than ever for this exceptional firm.
In the summer of 2020, ReneSola and Avenston signed a long-term partnership agreement for Ukraine and other neighboring countries. Avenston will represent high quality and highly efficient solar PV modules ReneSola in the region, thereby developing a close cooperation. Our company provides innovation, expertise and opportunity through in-depth knowledge of the renewable energy and energy efficiency sectors and understanding of market dynamics. Avenston works to improve the efficiency of our clients’ projects, developing and implementing modern engineering solutions, paying great attention to building long-term partnerships.