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Chinese solar power firm launches PV for India

ReneSola to manufacture PV modules outside of China for first time and develop 250MW for Indian market

China’s ReneSola expects to provide 250MW of PV modules to India over a two year period

A leading Chinese photovoltaic manufacturer is to develop its PV modules in India. ReneSola, a global manufacturer of solar photovoltaic modules and wafers in China, has introduced its latest multicrystalline PV modules to the Indian market.

The Virtus II modules have been launched at the 6th Renewable Energy India 2012 Expo event in New Delhi. In addition, ReneSola has started providing locally produced PV modules to the Indian market and expects to provide 250MW of India-made PV modules over a two-year period.

This is the first time the company has provided locally produced PV modules outside of China, emphasising the importance of the India PV market. The India launch follows the successful introduction of the solar modules to the US and Australian markets.

ReneSola said it will realise the 250MW target through collaborating with local strategic partners in India.

“In order to import its world-leading technology to India and take advantage of India's local management and talent resources, ReneSola is dedicated to providing localised and customised products and services to the India market,” the company said.

Stephen Huang, APMEA president for ReneSola, said: "Considering the strong and growing demand the India PV market presents for electricity, coupled with the government's strong support and generous subsidies for solar energy, ReneSola considers India to be a key market within Asia. We believe traditional PV sales and trading platforms cannot satisfy local demand, so we intend to invest more in India and are determined to establish roots there, ideally joining forces with the India PV industry to provide customised energy solutions."

The news from ReneSolar marks another example of Chinese renewable energy firms moving into India to expand their business. In July, Chinese wind firm Ming Yang formed a strategic partnership to build 2,500MW of wind and solar projects in the BRIC country.