ReneSola Ltd. has signed a toll manufacturing agreement with Solairedirect SA for solar modules.
Under the terms of the agreement, Solairedirect will manufacture 120 MW of ReneSola-branded modules for a period of three years through its South African-based module manufacturing subsidiary Solairedirect Technologies Ltd.
In addition, Solairedirect has committed to purchasing 20 MW of the solar modules for use in projects in South Africa and 34 MW of the solar modules for use internationally. Should Solairedirect expand its module production capacity, which it expects to double as early as sometime this year, it may produce additional solar modules for ReneSola under the current tolling agreement, the companies add.
