ReneSola to Supply Inverters and Mounting Products to Client in Pakistan
ReneSola (NYSE: SOL) today announced it will provide microinverters, string inverters and mounting products to a new client in Pakistan that specializes in the professional management of thermal and renewable power generation assets in Pakistan, India and Africa.
Pakistan, an emerging market, suffers from energy shortages and relies heavily on load shedding, or scheduled blackouts, to conserve electricity. However, areas of the country also receive among the highest amounts of solar radiation in the world, and thus represent a significant opportunity for solar-related investment. ReneSola already provides locally-produced PV modules to Pakistan's neighbor, India, so the contract reflects the Company's broader penetration into the South Asian solar market.