ReneSola Ltd., a global manufacturer of solar wafers, has announced the acquisition of JC Solar, a China-based cell and module manufacturer with annualized manufacturing capacities of 25 MW and 50 MW, respectively.
‘Our plan is to maintain annual cell manufacturing capacity at 25 MW and to increase annual module manufacturing capacity to 100 MW during 2009,’ says Xianshou Li, ReneSola's CEO. ‘With our expected commencement of in-house polysilicon production in July, ReneSola will become an early mover as a fully integrated solar company.
‘We expect to quickly gain market share across these markets by capitalizing on ReneSola's cost competitiveness and JC Solar's cell and module manufacturing and distribution capabilities,’ he adds.
SOURCE: ReneSola
