Issue 7 2020

8 Acquisition International - Issue 7 2020 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. Company: ReneSola Yixing Co. Ltd. Contact: Manoj Tanwar Email: manoj.tanwar@renesola.com Website: http://www.renesola.com/